It’s down to the short strokes in buyout shop Next Capital’s quest for a piece of Australia and New Zealand’s tourism markets.
The firm’s understood to be finalising documentation and funding for its $30 million investment in campervan and car hire group Jucy Rentals, which would be a big enough cheque for it to gain a controlling stake.
Next Capital has MinterEllison’s lawyers and PwC’s number crunchers helping stitch the deal together. Next Capital’s $30 million investment in Jucy Rentals is a precursor to another deal - the purchase of motorhomes and forward bookings from listed Tourism Holdings, which is seeking to offload assets to get its own MShould it all come together, Next Capital would emerge as a big player in motorhomes and rentals on both sides of the Tasman, via the budget-focused Jucy Rentals brand and more upmarket Star RV label.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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