Street Talk

Carlyle, Amicaa fund $128m management buyout of NZ fuel retailer NPD

Sarah Thompson, Kanika Sood and Emma Rapaport

May 22, 2024 – 10.04am

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Global credit giant Carlyle and its local joint venture partner amicaa are getting into the fuel retailing business.

Street Talk can reveal the pair have signed off on a $128 million ($NZ140 million) debt financing deal to fund a management buyout of 55-year-old family-owned New Zealand fuel retailer NPD.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.