Forsyth Barr says Mercury Capital eyeing up 25-30% stake

Forsyth Barr says Mercury Capital eyeing up 25-30% stake
Forsyth Barr Managing Director Neil Paviour-Smith says personal advice is important. (Image: NZME)
Rebecca Howard
Sydney-based private equity firm Mercury Capital is offering to buy a 25-30% shareholding in Forsyth Barr from its shareholders, Forsyth Barr said in a statement.The offer is subject to shareholder approval and other conditions, with completion expected during August, Forsyth Barr said.“This is a highly positive step for the firm, our staff and clients. Mercury Capital’s investment reflects confidence in our strategy, market position and future growth,” said Forsyth Barr chair David Kirk.“Mercury Capital shares our view...

More Markets

Vulcan Steel leads as reporting season approaches
Markets Market Close

Vulcan Steel leads as reporting season approaches

The S&P/NZX 50 Index closed 55.30 points higher at 12,889.38.

Jamie Gray 15 Aug 2025
Competition law changing to allow 'beneficial collaboration'
Markets

Competition law changing to allow 'beneficial collaboration'

Confidential submissions to the Commerce Commission will get a 10-year OIA exemption.

Pattrick Smellie 15 Aug 2025
Small cap spotlight: Blackpearl Group
Markets Small Cap Wrap

Small cap spotlight: Blackpearl Group

Founder Nick Lissette says it's patriotic to be listed, but hard work.

NZ sharemarket rises, Vista Group shares fall
Markets Market Close

NZ sharemarket rises, Vista Group shares fall

The New Zealand sharemarket was up on Thursday as most stocks on the main board lifted.

Tom Raynel 14 Aug 2025