Direct Capital has agreed to partner with Fisher Funds and existing shareholder Josephine Gagan to acquire New Zealand Health Group.

New Zealand Health Group is one of New Zealand’s largest providers of community health, disability and wellbeing services, supporting more than 70,000 New Zealanders each year and employing more than 10,000 people across the country.

Direct Capital is pleased to announce the completion of an investment in Jerrara Environmental (Jerrara), a business-to-business (“B2B”) waste treatment and processing platform.

Direct Capital completed fundraising in December 2024 and is pleased to advise of the commencement of Direct Capital VII, its seventh fund dedicated to investing in privately owned companies in New Zealand and Australia.  The fund investment period is due to commence on 1 April 2025.  Demand was strong, from existing and new investors with the fund closing at the cap of $525 million.

Direct Capital is pleased to announce it has completed an investment in Active Refrigeration Group (ARG).  Comprising Active Refrigeration (AR) and Thermal Solutions (TS), ARG is New Zealand’s market leader in refrigeration and HVAC services, providing end-to-end solutions across design, installation and maintenance to industrial and commercial clients.

With hindsight it seems extraordinary that in 1994 three young men aged in their early 30s were taken seriously when making the following proposition to New Zealand’s institutional investors.

Direct Capital today announced that it had completed an investment in Bayley Corporation Limited. Bayleys is New Zealand’s largest full-service real estate agency with a presence throughout New Zealand and the South Pacific. Together with its global partner Knight Frank, Bayleys has acquired 73% of ASX-listed real estate company McGrath (ASX: MEA).

Direct Capital today announced that it had completed an investment in the Wet & Forget Group. Wet & Forget is a leading designer, manufacturer and marketer of outdoor and indoor household cleaning products. Whilst the business is well known in the New Zealand market, Wet & Forget has a significant and growing footprint in the US, UK and Australia.

Direct Capital, through its Direct Capital VI and Pohutukawa Private Equity VI funds, today announced that it had completed an investment in Hiway Group.  Hiway is the leader across Australasia in the design and delivery of advanced recycling, reuse and road stabilisation solutions for pavements in the capital and maintenance sectors for transportation infrastructure (road, rail, ports, airports, defence, mining and renewables).

AS Colour, a leading global wholesaler and retailer that designs, manufactures, and distributes premium apparel, will transform its Melbourne distribution centre (DC) with automation featuring a Dematic Multishuttle® goods-to-person (GTP) solution.

Fab Group director Jackie Smith had a career in nursing before she took a new path and founded the firm behind the country's largest chain of beauty salons.