Asia Pacific Fund · 2024
Confidential - Specialist Retail Group
Specialist Retail · New Zealand
Multi-site specialist retailer with category leadership. Succession partnership with a long-tenured leadership team.
The Situation
A multi-site specialist retailer with deep category authority in its home market. The founding owner was ready to step back; the leadership team was capable and long-tenured, and deserved both continuity and the chance to participate in the next chapter.
The Partnership
A succession partnership that retired the founder cleanly, kept the leadership team in place with meaningful equity, and left the format and merchandising philosophy intact. Capital is available for selective new sites, not a roll-up programme.
How We Measure Progress
Same-store performance, staff tenure, and the quality of the customer experience in the existing footprint before any thought of expansion.
Principles in Practice
Operators run the business. Site growth is earned, not budgeted. The founder's customer promise is honoured.
Details anonymised in keeping with our commitment to discretion. Named references available privately to serious counterparties.
