Federal Register of Legislation - Australian Government

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Administered by: Treasury
Published Date 18 Dec 2013


Revocation of approval to hold a stake in a financial sector company of more than 15%

Financial Sector (Shareholdings) Act 1998

To:       Domestic & General Group PLC and each of the persons named in the attached Schedule (the applicants)




A.                The applicants hold an Approval dated 7 March 2008 under subsection 14(1) of the Financial Sector (Shareholdings) Act 1998 (the Act), to hold a stake of 100% in Domestic & General Insurance PLC ABN 11 124 040 768 (the Company), a financial sector company under the Act; and


B.                 the applicants have requested that the Approval be revoked,


I, Nigel Boik, a delegate of the Treasurer, under subsection 18(3) of the Act, REVOKE the Approval.


This revocation comes into force on the date that Galaxy Bidco Limited (Registered no. 113705, Jersey) acquires all the shares in Domestic & General Group Holdings Limited (Registered no. 98460, Jersey) on behalf of the CVC Funds.

Dated: 11 December 2013





Nigel Boik

General Manager

Specialised Institutions Division








In this Notice:

CVC Funds means the following limited partnerships of which CVC European Equity V Limited (Registered no. 99031, Jersey) is the General Partner:

(a)    CVC European Equity Partners V (A) L.P. (Registered no. WK 22056, Cayman Islands);

(b)   CVC European Equity Partners V (B) L.P. (Registered no. WK 24527, Cayman Islands);

(c)    CVC European Equity Partners V (C) L.P. (Registered no. WK 24524, Cayman Islands);

(d)   CVC European Equity Partners V (D) L.P. (Registered no. WK 25044, Cayman Islands); and

(e)    CVC European Equity Partners V (E) L.P. (Registered no. WK 22043, Cayman Islands).

financial sector company has the meaning given in section 3 of the Act.

stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act.




























Schedule – the persons who applied for revocation


Advent International Corporation

Advent International LLC

Advent International GPE V LP

Advent International GPE V-A LP

Advent International GPE V-B LP

Advent International GPE V-C LP

Advent International GPE V-D LP

Advent International GPE V-E LP

Advent International GPE V-F LP

Advent International GPE V-G LP

Advent International GPE V-H LP

Advent International GPE V-I LP

Advent International GPE V-J LP

Advent Partners APLP III LP

Advent Partners GPE V LP

Advent Partners GPE V-A LP

Advent Partners GPE V-B LP

AIDG Acquisitions Holdings Limited

AIDG Cayman Limited

AIDG Group Limited

AIDG Finance 1 Limited

AIDG Finance 2 Limited

AIDG Jersey Acquisitions Limited

GPE V GP Limited Partnership