Waikeria Prison

Capella Capital completed its first major acquisition as principal investor and buy-side financial advisor, leveraging its end-to-end PPP greenfield capability with the acquisition of an interest in Waikeria Prison in New Zealand.

As part of the transaction, Capella Capital and co-investor Invesis each acquired a 30% interest in Cornerstone Infrastructure Partners (CIP) from Morrison managed Public Infrastructure Partners funds. The remaining 40% equity continues to be owned by Pacific Partnerships.

Opened in June 2025, the new Waikeria Prison covers 21 hectares with 28 buildings and 596 high security beds including 96 dedicated beds to support the Mental Health and Addictions Service.

Preparations are also underway to expand the facility with an additional 810 beds targeted for completion in 2029.