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Invest in profitable
New Zealand businesses

At Castlerock we buy established businesses at the forefront of their sectors – we don’t invest in start-ups, venture-stage or capital-intensive businesses. By targeting businesses with a proven track record of strong management that delivers high cash yields and growth opportunities, Castlerock invests in the best of New Zealand.

the Tile Depot

Est. 1995

As a family run, kiwi business, the Tile Depot has grown into one of the largest importers and retailers of quality tiles in New Zealand.

1,000 tile options to choose from

The Tile Depot offers NZ’s leading range, with c. 50 times the number of options customers had at the first store in 1995.


NZ’s only tile retailer to achieve Consumer NZ’s ‘Consumer Trusted’ accreditation. Winner of the 2020 and 2021 Readers Digest Quality Service Awards for the best tiling stores in
New Zealand.

500,000 sqm
of tiles

The Tile Depot imports half a million square meters of tiles each year from manufacturers based in Italy, Spain, Portugal, Brazil and China.

National footprint

The business operates from 13 showrooms and a network of re-sellers across the country.

Vivo Hair
Salon & Skin Clinics

Est. 2010

As a family run, privately owned company, Vivo employs 650 staff in over 80 salons across NZ, with a team of talented regional managers supporting them. Vivo is a leading NZ brand, shaping the hair industry. 

Not a Franchise

Vivo is run by two kiwi families, now alongside Castlerock.
Not being a franchise means there is a real family feel in how Vivo is run.

Huge growth

Vivo’s e-Commerce business is growing at over 100% year-on-year.

$167 per visit

the average Vivo customer spends $167 per visit and comes back seven weeks later.

Big hair

Vivo is New Zealand’s largest hair salon business
with over 80 salons across New Zealand from Whangarei to Invercargill.

HELL Pizza

Est. 1996

HELL Pizza is a leading quick-service-restaurant brand with over 75 franchises around New Zealand. Known for its edgy brand, HELL has grown a loyal customer base over its 25 years. Castlerock has partnered with the founder of the business to continue its success.

1 million plus

HELL makes over 1 million pizza deliveries a year.

Helping hands

HELL raised $68k for The Neonatal Trust in September 2020 and supported thousands of Kiwi kids with the HELL reading challenge.

40,000 pizzas
in a day

HELL’s customers are treated with
$13 pizzas every Friday the 13th –
they’re busy days!

Quarter of a century

Founded in 1996 by our partner Callum Davies, we’ll be celebrating HELL’s 25th birthday in 2021.

Horse Floats

Est. 1938

Majestic employs over 50
staff and has offices, stables and/or depots in Auckland, Cambridge, Matamata, Palmerston North, Bulls, Christchurch and Invercargill. Since Majestic’s incorporation in 1938, Majestic Horse Floats has grown to be the largest equine transport company in New Zealand.

35 horse floats

Majestic has 35 horse floats,
the biggest of which carts 15 horses at once.  

80 years young

80+ year history of successfully transporting horses around New Zealand.

3.5 million kms

Majestic will cart over
30,000 horses this year, travelling over 3.5 million kms.

$1.6 billion

The NZ racing industry contributes over $1.6 million to New Zealand’s economy, similar to both the wine and seafood industries.

HIDDEN Castlerock

Est. 2016

Castlerock is a long-term private equity partnership established by Bancorp. It is an open-ended distribution focused fund that invests in kiwi businesses that have long-term future prospects and enterprise values typically in excess of $5 million.


Majestic Horse floats was acquired as the seed asset for Castlerock in 2016 and we launched to external investors in 2017.


Castlerock investors have received a 14.1% total return per annum over the last three years. Returns may vary.


Castlerock now employs nearly 2,000 Kiwis across its businesses.

$125 million

Castlerock’s net sales across the
three businesses total over $125 million.