'Highly unusual': Maui deal to exit Freshmax strikes trouble

Freshmax is part-owned by Maui Capital. (Image: Freshmax)

Thu, 08 Sep 2022

Private equity firm Maui Capital’s deal to sell its share of Freshmax has failed to settle, with the prospective buyer failing to get finance despite the deal going unconditional. The setback is the latest disappointment for shareholders in Maui Capital’s Indigo fund, which is being wound up. Freshmax, which imports, wholesales and distributes fresh produce, was valued at 40% of the fund’s value at March 31.Leaked documents show investors in the Indigo fund had put $40.2 million into Freshmax and realised $...

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