Australian private equity keen on Kiwi tech

Fri, 13 Nov 2020

Cashed up Australian private equity investors are showing more interest in New Zealand tech businesses as the covid-19 pandemic takes the sheen off previously attractive sectors such as tourism, and makes long distance deal-making more difficult. Law firm Chapman Tripp carried out an informal survey of private equity firms and institutional investors at the NZ Private Capital Conference in Queenstown last month, finding merger and acquisition activity was stronger than expected given the circumstances, despite halving in value from a year...

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