Trade Me Group Limited


Transaction Type: Scheme of arrangement

Offeror / Other Party: Titan AcquisitionCo New Zealand Limited

Independent Adviser(s): Grant Samuel & Associates Limited

Date of meeting: 3/04/2019


Trade Me Group Limited (Trade Me) proposed to undertake a Court-approved scheme of arrangement under Part 15 of the Companies Act 1993 to effect the acquisition of 100% of Trade Me’s shares by Titan AcquisitionCo New Zealand Limited (Titan). Titan was owned by Apax IX Fund, a fund advised by Apax Partners LLP. The consideration payable under the proposed scheme was NZD$6.45 cash per share. 

Trade Me shareholders voted to approve the scheme on 3 April 2019. The High Court granted final orders approving the scheme on 16 April 2019.

Grant Samuel & Associates Limited prepared an independent adviser’s report on the merits of the proposed scheme.