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Ngāti Manawa Development Limited


Te Rūnanga o Ngāti Manawa (“TRONM”) is the post-settlement governance entity (“PSGE”) created to act for the Ngāti 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.

Ngāti Manawa Developments Limited was formed originally with a small portion of the iwi’s funds with the 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 Ngāti 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.

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Mana Newton
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Cassandra Cowley
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Laurie Porima
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Leonard Grace

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