Archive · 8 Oct 2026
Kati Patang Lifestyle Plans 10% Stake Acquisition Through Share Swap
Kati Patang Lifestyle plans to buy 10% of a New Zealand company called Bread Private Limited.
Instead of paying cash, it plans to exchange shares.
Bread Private Limited delivers food and markets premium liquor and related products.
Its reported sales grew over the three financial years listed.
The companies still need to complete valuations and meet the conditions in their deal documents.
The exact share-swap terms have not yet been decided.
Kati Patang expects the acquisition to be completed within four months after signing the definitive SHA.
Kati Patang Lifestyle Ltd’s board approved acquiring a 10% stake in Bread Private Limited, also known as Gimme NZ.
The proposed acquisition will be conducted through a share swap, with terms to be set after valuation and legal due diligence.
Bread Private Limited is based in Christchurch, New Zealand, and provides food delivery services and markets premium liquor and related products.
The company reported turnover of $105,945 in FY 2023-24, $156,293 in FY 2024-25, and $272,333 in FY 2025-26.
Completion is subject to valuation and transaction conditions, and is expected within four months of signing the definitive SHA.
- Who
- Kati Patang Lifestyle Ltd and Bread Private Limited, also known as Gimme NZ.
- What
- Kati Patang Lifestyle’s board approved a proposed acquisition of a 10% equity stake through a share swap.
- When
- The board approval was announced on 8 October 2026; completion is expected within four months of signing the definitive SHA.
- Where
- Bread Private Limited has its registered office in Christchurch, New Zealand.
- Why
- Kati Patang says the acquisition supports business expansion, diversification, market strengthening, and expected synergies.
Company’s stated rationale
Outstanding conditions and uncertainties
Rationale and deal readiness
Company’s stated rationale
Kati Patang says the acquisition aligns with its expansion, diversification, and market-strengthening strategy, and expects synergies and stronger innovation and competitiveness.
Outstanding conditions and uncertainties
The deal remains subject to valuation, legal due diligence, and conditions in transaction documents; the share-swap terms and share price are not yet finalized.
- Proposed stake
- 10% equity stake in Bread Private Limited
- Transaction method
- Share swap
- Target company
- Bread Private Limited, also known as Gimme NZ; Registration No. 6298249
- Incorporation
- 23 June 2017
- Business activities
- Food delivery services and marketing of premium liquor and related products
- Reported turnover
- $105,945 in FY 2023-24; $156,293 in FY 2024-25; $272,333 in FY 2025-26
- Completion conditions
- Valuation reports and fulfilment of conditions in the Share Purchase Agreement and other transaction documents
- Expected timeline
- Within four months of signing the definitive SHA