ACC-backed Allegro sees Carpet Court as potential listing opportunity

Sun, 20 Sep 2015

By Paul McBeth Sept. 21 (BusinessDesk) - Allegro Funds, the Australian private equity firm that counts the Accident Compensation Corp's investment arm as an investor, is optimistic its latest New Zealand investment, Carpet Court, is a candidate for potential listing once the flooring retailer has been whipped into shape. The Sydney-based firm bought New Zealand's Carpet Court in July in a deal to recapitalise the firm and leave it debt-free after the transaction. Allegro co-founder Chester Moynihan told BusinessDesk the company has about...
NZ banks' credit losses to rise to 12x 2019 level - S&P
Jenny Ruth | Fri, 10 Jul 2020

New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

Infrastructure FREE
Rio Tinto may be open to longer phase-down of Tiwai: Meridian
Jenny Ruth | Fri, 10 Jul 2020

A longer phase-down period for the Tiwai Point aluminium smelter may be possible.

Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.