Aussie PE firm to take majority stake in Hellers

Tue, 25 Sep 2018

By Rebecca Howard Sept. 25 (BusinessDesk) - Australian private equity firm Adamantem Capital's bid to buy a majority stake in Hellers from Rangatira investments should get a green light from the Overseas Investment Office but may face more scrutiny than it would have previously, says David Pilkington, the chairman of the small goods company's majority shareholder, Rangatira Investments. Earlier, Adamantem announced plans to invest alongside founder Todd Heller. The deal is conditional on OIO approval in New Zealand and Foreign Investment...

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