Carve-outs and concentrated markets: Why Pacific Equity Partners does one-third of its deals in NZ

Carve-outs and concentrated markets: Why Pacific Equity Partners does one-third of its deals in NZ
Pacific Equity Partners managing director Cameron Blanks says his firm does three things. (Image: NZME)
Rebecca Stevenson
One of Australia’s oldest and largest private equity firms has struck about one-third of its deals in New Zealand, including its first. Pacific Equity Partners (PEP) managing director Cameron Blanks recently visited NZ with a packed day of meetings, including at smart metering firm Intellihub. Blanks said Intellihub is a good example of the kind of deals PEP can make. It's a business that was built through a carve-out.  NZ energy company Mercury sold its smart metering business, Metrix, to majority PEP-owned Intellihub...

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