By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
Waste Management New Zealand has refunded $5.6 million to residential customers and is working on refunding more customers after a Commerce Commission investigation found it had likely breached the F
InterCity bus operator Entrada Travel Group is beefing up its trans-Tasman position with the purchase of Greyhound Australia for an undisclosed sum. The travel company, jointly owned by Tranzit Grou
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
Australia and New Zealand Banking Group is one of the biggest banking companies in Australasia.The bank provides a wide range of services such as; personal banking, mortgages, consumer finance, wealth
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
The government is replacing the Social Wellbeing Agency with the Social Investment Agency, which will lead the coalition's new social investment approach. $50.5 million in new funding has been allocat
Heartland Group's purchase of an Australian bank and its banking licence is "another-level game-changer", chief executive Jeff Greenslade says. The dual-listed company said on Monday it had indicative
Milford Asset Management invests in fossil fuels and gaming companies but says even coal producers can benefit from investor engagement. For some companies, it’s one of the first times an investor h
CBL Corporation's managing director, Peter Harris, says he will not take on any management or director positions at any public company or licensed insurer in New Zealand after admitting to breaching s
'Everyone has a plan until they get punched in the mouth.' – Mike Tyson. An investment framework … The most important thing to me and anyone I know who is serious about investing is to have “an
By Rebecca Howard Feb. 23 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar on the back of some weak business investment data across the Tasman and gained against the greenba
Global private equity firm KKR has bought the Natural Pet Food Group as it looks to add premium brands for animal lovers to its existing stable of pet food investments. Natural Pet Food chief executiv
A contest of ideas? Last week, finance minister Nicola Willis, who also holds the social investment portfolio, announced the relaunch of the agency responsible for taking the work in that area forward
Chinese owners of one of the country’s largest rubbish disposal companies, Waste Management NZ, have sold the business to Australian-based Igneo Infrastructure Partners. The $1.9 billion transaction
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
By Paul McBeth Oct. 9 (BusinessDesk) - Abano Healthcare predicts 2019 margins will get squeezed as it speeds up plans to acquire new dental practices while business across the Tasman still struggles.�
By Jenny Ruth Dec. 24 (BusinessDesk) - MYOB directors appear to be backing themselves to come up with a better offer while keeping the KKR takeover offer as a backstop. After completing due diligence,
New Zealand infrastructure investment firm Infratil has launched a new renewable energy investment company, Mint Renewables, in partnership with investment firm Commonwealth Superannuation Corporation
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
US private equity firm KKR has bought a controlling stake in Dunedin’s Education Perfect, valuing the company for as much as $455 million if the online education firm hits earn-out targets. KKR will
Goodman Property Trust will pay $290 million to its Australian-listed management company and shareholder Goodman Group to internalise its management function. Bringing management in-house will cost th
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