Murray & Co acted as financial advisor to Next Capital on the introduction of growth capital to JUCY Group, establishing Next Capital as the controlling shareholder.
JUCY Group (“JUCY”) has one of the largest campervan fleets available for rent across New Zealand and the eastern seaboard of Australia, alongside a significant fleet of rental cars. With its distinctive purple and green branding, JUCY markets its product to domestic and international visitors, emphasising adventure and independent travel.
Next Capital is a leading Australasian private equity investor, which has made several investments in New Zealand across a number of funds. The capital being introduced by Next Capital, which will result in it holding a majority position in JUCY, will be invested in building up JUCY’s fleet to take advantage of returning international travellers to Australia and New Zealand.