New Fund Announced - Direct Capital V

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.

Commerce Commission Draft Determination Authorising Merger

Cavalier Wool Holdings (CWH) is pleased with today’s release by the Commerce Commission of its draft determination in respect of the proposed merger between CWH and the scouring subsidiaries of New Zealand Wool Services International.

The proposed merger will consolidate the New Zealand wool scouring industry; right-sizing it to meet current wool volumes and ensure an efficient and world-class scouring industry is retained in New Zealand.