Thinking About Capital?

Direct Capital invests capital into New Zealand and Australian private companies. We have a track record of success investing with great managers in companies and being a catalyst for change. We partner with business owners who are thinking about growing their business or looking at ownership changes. More on Thinking about capital….

Since 1994 we’ve invested in 69 private companies. We invest capital to assist business owners to:

  • Fund growth
  • Fund acquisitions
  • Fund a company through to an IPO
  • Fund a change of ownership
News
Scales Corporation IPO bookbuild completed with strong investor demand
A stake in New Zealand’s primary sector will cost investors $1.60 a share following a successful bookbuild process by Christchurch-based agribusiness Scales Corporation. More >

Scales prospectus registered
Investors will soon be able to own a stake in Scales - a large, diverse and growing New Zealand agribusiness group. More >

Scales Corporation signals intention to list
The directors of Christchurch-based Scales Corporation have announced the company is considering an initial public offering and a listing on the NZX Main Board. More >

A tribute to our friend and colleague, Bill Kermode
In an announcement released today, our long-time colleague, Bill Kermode, confirmed that he will be leaving Direct Capital, the firm that he helped establish 20 years ago, to begin a new chapter in his life, as CEO of NEXT Foundation. More >
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Partners in Business
We believe that being a shareholder in a private company requires genuine partnership between the business owner, management and investor. It’s a partnership that works irrespective of shareholding percentage. And it's more than a simple financial transaction. It’s about having common goals and a desire to create significant wealth for shareholders. More on partners in business...
What can we do?

We invest in companies that are privately owned, have a profitable track record, a professional management team, and a competitive approach.

  • We generally invest equity of between $15m - $60m
  • These companies will generally have annual revenues of $30m - $300m
  • We will invest in both minority or majority shareholdings
  • We are flexible in the way we invest and work with business owners
Our Style

The common perception of what’s become known collectively as private equity is that all investors have the same style and business model. But the reality is very different.

Some investors follow a “leverage model”, relying on debt to produce financial returns. This can be successful over short periods of the economic cycle but it doesn’t work forever. Some investors are “control” focussed but that only works if you’re also running the company. 

Our returns come from investing in growth creating permanent value. We invest and become partners with owners and management running good companies and we act the same whether we are a 20% shareholder or an 80% shareholder.