“This was an exciting opportunity to support the growth of a leading New Zealand exporter, as a cornerstone investor. Our flexibility, expertise, and relationships enabled us to deliver value alongside excellent partners” – Michael Walmsley, Director, Principal Investments

Fiordland Lobster has a significant market presence in New Zealand and Australia for the processing and marketing of Southern Rock Lobster (crayfish). In 2021, its board decided to raise equity to maintain a conservative balance sheet post Covid-19, and to be able to take advantage of ongoing industry consolidation – particularly in Australia.

Principal Investments provided cornerstone support for the company’s capital raise. There is also potential for growth in the level of investment over time.

The transaction was made alongside investment from two institutional private capital funds - Rangatira Investments, and Evergreen Partners.

‘We look forward to working alongside Rangatira and Evergreen to support Fiordland Lobster, as it continues its journey as one of Australasia’s premier export businesses,’ says Michael Walmsley, Director, Principal Investments.