CFA New Zealand caught up with Ross George from Direct Capital after the Private Equity Masterclass panel discussion at the 2019 New Zealand Investment Conference: 'The Alternatives'
NZ Herald Capital Markets Report: Direct Capital’s Ross George is a pioneering veteran of the New Zealand private equity market. Now, 25 years after raising Direct Capital’s first fund, George is still going strong. He talked with Capital Markets about how he got started here as a 32-year-old, the dynamics of the market and some of his standout transactions.
Direct Capital is proud to announce that it has invested in Beca, one of New Zealand’s most iconic private companies.
Beca is an employee-owned engineering and management consultancy firm, employing more than 3,300 across 20 offices across Asia Pacific. Founded in 1918 by Arthur Gray, Beca is a market leader in its field, providing consultancy services across key sectors including Advisory, Building, Industrial, Transport and Infrastructure, and Water.
Direct Capital is pleased to announce its investment into Qestral Corporation, a Christchurch based operator of premium retirement villages in New Zealand.
Direct Capital is pleased to announce its investment into Exact Radiology, a diagnostic imaging business operating and servicing a network of 13 radiology clinics in South East Queensland, Australia. Direct Capital is partnering with the founding radiologist shareholders and Sydney based private investment firm Bridgeport Capital to continue the expansion of the business.
Direct Capital today announced that it had completed the sale of its 13.75% shareholding in Cavalier Wool Holdings (CWH), alongside a sell-down by ACC and Cavalier Corporation, and partial sell-down by Lempriere Australia.
Direct Capital today announced that it had completed the sale of its 60% shareholding in Hiway Group. HGL is a recognised pioneer of ground stabilisation in New Zealand.
Fiona Rotherham, NBR: It’s well-known that New Zealand is a nation of small businesses but less well-known is the size of the private company sector.
Ross George, managing director of private equity investor Direct Capital, says the private company market is at least 10 times bigger than the listed company market in New Zealand although “a lot of people tend to think it’s the other way around.”