Direct Capital today announced that it had completed the sale of its shareholding in Transaction Services Group (TSG), a New Zealand based global payment provider. US based Calera Capital will acquire Direct Capital’s shares in the business with TSG Chairman Murray Bolton and TSG management also re-investing in the company.

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. 

Premium New Zealand Ora King salmon has been recognized as one of the world’s most sustainable.

Following a year-long assessment process, a report released today (Feb. 16) by Monterey Bay Aquarium’s globally respected consumer guide Seafood Watch® has rated New Zealand’s marine-farmed salmon, including Ora King salmon, as “Green”, meaning it is a “Best Choice” for consumers.

PF Olsen had the honour to be involved in the recent visit of Chinese President XiJinping to New Zealand. PF Olsen's involvement was two-fold. In one capacity, Peter Clark (PF Olsen's CEO) attended a NZ China Council meeting with President Xi, followed by a gala lunch in Auckland on Friday 21st November in his capacity as a member of the NZ China Business Council. The day before in Wellington, Peter executed a Memorandum of Understanding (MOU) with the China National Corporation and the China Development Bank. The MOU establishes a basis for cooperation for Chinese investment in forestry and for greater access to the vast China market.

Duncan Bridgeman, NBR: Buying into Scales Corporation [NZX:SCL] paid off handsomely for Direct Capital, which last night won the Private Equity and Venture Capital Association deal of the year award.

The Auckland-based company headed by Ross George more than tripled its investment in Scales in three years, crystalising some of those gains by selling into an IPO in July this year while still keeping a stake in the company.

The New Zealand Private Equity and Venture Capital Association (NZVCA) Leadership Tribute was awarded today (23 October) to Ross George, managing director of Direct Capital, for his outstanding leadership commitment to the New Zealand private equity industry.

The 2014 New Zealand Private Equity and Venture Capital Association (NZVCA) Deal of the Year Award has gone to Direct Capital for its investment in Scales Corporation.

The NZVCA Deal of the Year Award recognises outstanding performance in the private equity industry and was announced at the NZVCA 2014 annual conference in Queenstown today (23 October).

In a joint release, Cavalier Wool Holdings (CWH) and New Zealand Wool Services International (NZWSI) today announced that they have signed an agreement to merge the scouring assets of the two organisations.

Energyworks used a combination of innovative pipe-laying and remediation techniques to minimise the environmental impact of two major oil and gas pipeline projects the company completed in Taranaki last year.

Kiwi e-commerce firm Debitsuccess is expanding its payment solutions operation into the US, the company has announced.

The international growth comes as the Auckland-based business prepares to celebrate its 20 year anniversary, and caps off a busy 12 months for the company which acquired UK direct billing providers Harlands and DFC.