A great way to exit while preserving the legacy you've built

37 South Capital is looking to acquire one promising Kiwi business

37 South Capital is a Waikato-based fund set up to acquire and lead one great Kiwi business

Our goal is to deliver a seamless transition that honours what you’ve built and positions your company for sustainable growth under a long-term mindset.

We take the time to understand your goals—whether you’re ready for an immediate handover or prefer a gradual succession—and adapt our approach to suit your needs.

We’re not Private Equity, nor a strategic buyer. Our unique approach helps you unlock the value you created and establish a succession plan where your team plays a critical role in the future long term success of the business.

 

Hands-On Stewardship

If we acquire your business, our founder Greg will be directly involved in daily operations, ensuring stability, continuity, and continued momentum.

Legacy Protection

We respect the years of effort behind your business. Our focus is to protect your brand, safeguard your team, and maintain strong customer relationships.

Flexible Terms

Every owner’s situation is unique. Whether you need a fast exit or a phased transition, we’ll design terms and timelines that work for you.

OUR INVESTMENT FOCUS

What we're looking for

Golden Triangle

A business headquartered in the Waikato, Bay of Plenty or Auckland

Profitability

$1M+ EBITDA or strong margins with scalable growth potential

Business Model

Proven, scalable model with recurring / repeat revenue streams

Sector

Sector-agnostic with preference for niche, defensible markets

Readiness

Owner(s) ready for succession, whether immediate or phased

Team & Culture

Capable and motivated team with good working culture

ABOUT US

Meet the Founder

I understand the years of work and dedication that go into building a business. That’s why I started 37 South Capital — to give owners a succession option that’s personal, transparent, and focuses on preserving legacy while setting the business up for long-term success.

My own journey has been shaped by creating and scaling ventures, and by working alongside Kiwi founders as they grow theirs. As founding CEO of Manta5, I helped take the world’s first hydrofoil e-bike from Waikato prototype to global launch. More recently, through my advisory work, I’ve supported business owners to sharpen strategy, secure investment, and grow with confidence.

Together with a small group of aligned business people and investors who share the same long-term view, we are looking to acquire and lead one outstanding Kiwi company. The focus is on providing a fair and flexible transition, safeguarding the legacy you’ve built, and guiding the business into its next chapter of growth.
Greg Johnston
Founder | Managing Director

STEP-BY-STEP

Our Process

Simple, founder-friendly, and tailored to fit your goals.

Initial Chat

A brief, no-obligation call to introduce 37 South Capital and hear your story. We’ll share how we work, answer any questions, and see if there’s a good fit. If the timing and vision align, we’ll explore next steps together.

Discovery

We’ll meet on-site or via video to learn more about your business. After signing an NDA, you’ll share key details to help us better understand the business. This gives both sides a clear sense of cultural fit and future potential.

Indicative Offer

Once we’ve got a clear picture, we’ll present a non-binding Letter of Intent. It outlines the proposed structure, price range, and key terms. We’ll talk you through it openly, so you can assess if it’s the right path before proceeding further.

Due Diligence

With the LOI signed, we’ll start a streamlined diligence process. We’ll agree on a timeline, provide a clear checklist, and stay in touch throughout—minimising disruption for you while we finalise the plan for post-transaction success.​

Closing & Transition

On closing, we’ll complete the transaction and transfer funds. From there, we’ll roll up our sleeves and work alongside you and your team to implement a transition plan that supports staff, customers and long-term success.

Initial Chat

A brief, no-obligation call to introduce 37 South Capital and hear your story. We’ll share how we work, answer any questions, and see if there’s a good fit. If the timing and vision align, we’ll explore next steps together.

Discovery

We’ll meet on-site or via video to learn more about your business. After signing an NDA, you’ll share key details to help us better understand the business. This gives both sides a clear sense of cultural fit and future potential.

Indicative Offer

Once we’ve got a clear picture, we’ll present a non-binding Letter of Intent. It outlines the proposed structure, price range, and key terms. We’ll talk you through it openly, so you can assess if it’s the right path before proceeding further.

Due Diligence

With the LOI signed, we’ll start a streamlined diligence process. We’ll agree on a timeline, provide a clear checklist, and stay in touch throughout—minimising disruption for you while we finalise the plan for post-transaction success.​

Closing & Transition

On closing, we’ll complete the transaction and transfer funds. From there, we’ll roll up our sleeves and work alongside you and your team to implement a transition plan that supports staff, customers and long-term success.

Let's Chat

Whether you’re considering a gradual transition or full sale, we would love to start the conversation.