Ngāti Manawa Development LTD

Laurie Porima

(Development Company)

I have been and currently, am involved in both profit and non-profit governance roles. I have a very good understanding of governance and management and a strong understanding and practical application of strategic thinking.

This has been fashioned through my military training, involvement in Treaty of Waitangi settlements and various directorships.

I am an independent evaluation and research consultant. I have specialised primarily in evaluation since 2000.

Lenoard Grace

(Development Company)

Leonard who’s known to most as Ducky was also born and bred in Murupara and is the eldest son of the late John Grace and Dianne Grace.  Leonard has been involved in many areas over the years.

He has been a Probation Officer/Alcohol Drug Abuse Programme facilitator in Manukau and an outdoor instructor for Montgomery House in Hamilton who dealt with offenders prior to their re-integration into the community.  From there Leonard moved onto working at the Ports of Auckland for 7 years. Leonard has been a part of forestry advisory committees such as the Turanganaia Forest and Waiohau Ngāti Haka/Patuheuheu Forest.  He has been a contractor for Tuhoe Trucking and is the founder and managing director of Koru Group Transport Limited.

Te Runanga o Ngati Manawa (“TRONM”) is the post settlement governance entity (“PSGE”) created to act for the Ngati Manawa iwi.  It is centred in Murupara and its rohe is within what is referred to now as the Central North Island forest estate.  It is one of the 8 iwi that settled as part of the CNI Forest Settlement.

Ngati Manawa Developments Limited was formed originally with a small portion of the iwi’s funds with an objective of seeking a small number of investments.  Since then it has assumed a role as the commercial arm of TRONM.  While NMDL does not hold the investment funds of TRONM, its role is to identify appropriate investments, with the trustees making the final investment decision.

While the core role of NMDL is to invest and create wealth for the group, it is also acknowledged that it will do this in accordance with the guiding values of the Trust.

We are engaging with key influences in the Bay of Plenty region to seek to identify a number of suitable acquisitions.  These will range from owners seeking to divest for retirement, or seeking new capital for expansion.

The four key criteria for investments are:

  • Ideally businesses should be within the greater central North Island but this is not mandatory.
  • Businesses should be well established with an excellent track record of growth and returns.
  • There should be opportunities to further grow the business.
  • Businesses that Ngati Manawa can add value to, including in particular the forestry sector, will be preferred.

We would seek a substantial but not necessarily 50% stake in the entity.  While we are not seeking 100% on a full exit by the current owner, a full exit may be achieved over say a two stage programme to allow the effective and efficient transfer of intellectual property and to allow NMDL as the new owner to recruit and build a new management team when that is needed.

We do not wish to cap the size of investments sought at this time.  If an appropriate opportunity is identified which is larger than we might undertake by ourselves we have relationships with other potential investors to “club” the proposed transaction.