THE CHART: Big winners from NZ tech takeovers

THE CHART: Big winners from NZ tech takeovers
Vend founder Vaughan Fergusson.
Andy Fyers
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...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024