Direct Capital

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 35 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 Direct Capital invests in Bayleys Corporation Limited Capital injection set to launch Bayleys on expansion path More > Direct Capital IV Raises $325 Million Direct Capital today announced that it had successfully completed fund raising for its Direct Capital IV fund raising $325 million (US$230m) in committed capital from investors. More > Direct Capital Invests in Transaction Services Limited Direct Capital, through its Direct Capital IV and Pohutukawa II funds, has invested $24 million to acquire a 49% interest in Transaction Services Limited, Australasia’s largest third party recurring payment processing company. More > Direct Capital Invests in Fishpond Direct Capital today announced that it has purchased a minority shareholding in online retailer Fishpond Limited. More >

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 $10m - $60m These companies will generally have annual revenues of $30m - $200m 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.