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 M&A deal past competition regulators in Australia and New Zealand.
Should 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.
