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...

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