in the process of evaluation and selection of good assets. He has a proven track record of key directorship roles where he has worked with entities bringing them up from struggling companies into well performing entities.
Quentin is Ngai Tahu and was appointed as a director of Ngai Tahu Holdings Corporation back in 2011. He is a qualified
Laurie had a career in the NZ Army achieving the rank of Warrant Officer Class One. Laurie served here in NZ and overseas in SE Asia, Hong Kong. Laurie then worked in the government sector in client and customer services, and policy development. Laurie attended Victoria University of Wellington gaining a double degree as well as post graduate qualifications from Auckland University. Laurie operates a research and evaluation company focusing primarily on evaluation, quality assurance and strategic economic and social development, planning and research. In addition to being a trustee for Te Rūnanga o Ngāti Manawa, I hold the Chair of Moewhare Marae, Directorships for CNI Iwi Holdings Limited, Ngāti Manawa Development Limited and my own company LLE Research Ltd. Laurie is also a member of the Institute of Directors (IOD), Māori Association of Social Sciences (MASS), Australasian Evaluation Society (AES), American Evaluation Association (AEA) a founding board member of the Aotearoa New Zealand Evaluation Association and Koputaroa School Board of Trustees.
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.