From a chocolate-maker to rest home developers, nine New Zealand entrepreneurs have been inducted into the Business Hall of Fame.

Successful investments by two private equity firms in Bayley Corporation and Contract Resources won awards from the New Zealand Private Capital Association as the best deals of the year at its annual conference in Queenstown

The 2020 INFINZ Awards were celebrated on Tuesday 20 October 2020 at a gala black-tie dinner at Shed 10, Queens Wharf, Auckland City. Over 620 guests enjoyed an evening to celebrate excellence in the financial and capital markets eco-system in New Zealand.

Qestral Corporation’s Coastal View Lifestyle Village will open its doors early next year, the aged care village developer’s first foray into Nelson at a cost of $190 million.

Spritely was recently named winner of the Best Digital Innovation category at the NZ Broadband awards. This is great recognition for the team as well as their partners and customers that consistently rate Spritely as an essential part of their daily lives.

While retirement villages across New Zealand are locked down to reduce the risk of spread of Covid-19, new technology is allowing them to be more connected than ever.

Direct Capital and ACC have collectively bought half of Mondiale, New Zealand’s largest privately-owned freight forwarder, for a confidential sum. The purchase was Direct Capital’s first investment from its newest fund, Direct Capital VI, which raised $425 million in March.

New Zealand’s largest privately-owned freight forwarder, Mondiale (www.mondiale.co.nz), has announced that it has secured growth capital with the introduction of new shareholders, Direct Capital and ACC. Mondiale’s founders and management will continue to retain a 50% shareholding in the business.

Direct Capital successfully launched a $425m fund in February – just as the coronavirus pandemic started to impact New Zealand – capping it in just over seven weeks.

Māori direct investment fund Te Pūia Tāpapa has made its first investment, with the target company TR Group’s managing director “absolutely rapt” with its new partner.