John Wylie’s Tanarra Capital has invested in New Zealand Wool Scouring.
Tanarra will take a 35 per cent stake in the company, partnering with current owners David Ferrier and Lempriere Wool.
“NZWL is a high-quality business with a world leading wool scouring operation,” said Tanarra director Andrew King.
The investment in NZWL was led by Maja Sliwinski and Vid Rangaswamy of Tanarra’s private equity team and takes Tanarra’s existing private equity investment strategy into New Zealand for the first time.
Tanarra’s private equity division partners with growing mid-market and larger scale businesses.
Tanarra’s other private equity investments have been in 2XU, Geotech and Dun & Bradstreet.
Tanarra is an Australasian alternative asset firm founded by John Wylie. It has investment operations in private equity, private credit, venture capital and selected strategic investments in public companies.
The firm has more than 20 staff and offices in Melbourne, Sydney, Perth, Auckland, Tokyo and Hong Kong.