Direct Capital is pleased to announce that it has supported the management buyout of Marvel Packers (Marvel) by the current managing director, whose grandfather founded the business more than 80 years ago.
Successful investments by two private equity firms in New Zealand King Salmon and Brew Group won awards from The New Zealand Private Equity and Venture Capital Association (NZVCA) as the best Investment of the year at its annual conference in Queenstown.
BSC Limited, the parent company of Complectus Limited, confirms that it has entered into a re-financing agreement and long-term partnership with local private equity firm Direct Capital. Direct Capital will have an option to convert the loan for 50% of the shares in Complectus at a point in the future.
Direct Capital is pleased to announce that it has invested to acquire a minority shareholding in AS Colour, in partnership with founder and Managing Director Lawrence Railton.
Late last year, Direct Capital raised its fifth private equity fund in New Zealand. Since it began in 1994, the firm has raised $1.2 billion, with its latest $375 million fund coming almost exclusively from existing investors in just two months.
Private equity investor Direct Capital is on the hunt for acquisitions after raising $375 million for its latest fund.
Despite private equity typically being associated with high-net worth investors, every New Zealander will have a stake in the buying decisions founder Ross George and his team make.
This capital, like much of the $1.2 billion the company has raised since it started in 1994, has come from New Zealand's biggest institutional investors, George said.
Leading private company investor Direct Capital is on the lookout for new investment opportunities, following the successful close of its most recent fund, Direct Capital V.
The $375 million committed to Direct Capital V means Direct Capital has raised $1.2 billion to invest on behalf of its institutional clients since the company was established in 1994.
Following a successful bookbuild process, the world’s largest aquaculture producer of King salmon today (23 September) lodged its Product Disclosure Statement (“PDS”) for an initial public offer of 69.2 million ordinary shares (the “Offer”).
$30.0 million in new capital is being sought to repay debt, to fund future investment and for working capital.
Initial public offers put up by private equity firms generally attract a fair degree of scepticism, but the doubters have been proven wrong in Scales Corporation's case.
Scales, the apple grower, logistics and coolstores firm, has seen its share price rally from $1.74 a year ago to close at $3.30 yesterday - a 89.7 per cent gain.
Direct Capital, through its Direct Capital III and Pohutukawa I funds, today announced that it has completed the sale of its shareholding in New Zealand Pharmaceuticals (NZP).