THE CHART: Big winners from NZ tech takeovers

Vend founder Vaughan Fergusson.

Tue, 16 Mar 2021

Two Kiwi tech companies were subject to takeovers last week. Retail tech firm Vend was sold to competitor Lightspeed for $480 million, while geoscience software Seequent firm became NZ's newest $1 billion company, selling for $1.46b to Nasdaq-listed Bentley Systems.The Vend deal was worth $US192.5m and another US$157.5m in Lightspeed shares – about $484m in NZ dollars.As the largest holder of Vend shares, Square Peg Capital benefitted to the tune of about $61m from the sale.Founders Vaughan Fergusson and Mark de Freitas will have thei...

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