Direct Capital Private Equity

Qestral Corporation specializes in the development and operation of modern retirement villages, aiming to provide retirees with comfortable and stylish living environments that promote health and well-being. The company offers a range of accommodations, including architecturally designed stand-alone houses, serviced apartments, and extensive care facilities such as rest homes, hospital care units, and dedicated dementia facilities. In addition to housing, Qestral's villages feature recreational amenities and landscaped areas, including man-made lakes, enhancing the overall quality of life for residents. Established in 2012 and based in Christchurch, New Zealand, Qestral Corporation is dedicated to creating supportive communities that cater to the needs of the elderly.

Ryman Healthcare Limited is a company that develops, owns, and operates integrated retirement villages and aged-care facilities in New Zealand and Australia. Established in 1984 and headquartered in Christchurch, the company provides a diverse range of living and care options for the elderly, including independent townhouses, serviced apartments, and comprehensive care services such as rest homes and hospitals. Its facilities are designed to foster community and well-being, featuring amenities such as lounges, swimming pools, gyms, beauty salons, and movie theatres. Ryman Healthcare generates income primarily through aged care fees, management fees from retirement units, development margins from new units, and capital gains from reselling units when residents vacate. The company is dedicated to enhancing the quality of life for its residents while ensuring a supportive environment for aging individuals.