Best of Business Desk: the inside story on how Direct Capital invests

Direct Capital directors Hugh Cotterill and Heath Kerr. (Image: Direct Capital)

Mon, 06 Jan 2025

This article was originally published on September 4, 2024.Don’t say private equity; say private capital. New Zealand’s largest private company investor, Direct Capital, inked three high-profile deals last year, including the acquisition of Wet & Forget, a home cleaning products company. Directors Hugh Cotterill and Heath Kerr say that, unlike private equity leveraged buyouts, Direct Capital doesn’t heap debt on the businesses it invests in or strip out costs. They say one of the challenges for the...

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