US private equity giant Advent International targets NZ for growth

US private equity giant Advent International targets NZ for growth
Advent's previous experience in NZ included buying a majority stake in Transaction Services Group, now part of Xplor Technologies. (Image: Getty)
Rebecca Stevenson
Global private equity giant Advent International has confirmed a new Australia and New Zealand office. The private equity firm said on Tuesday night it would open a Sydney office with former Anchorage Capital Partners managing director Beau Dixon appointed to lead Advent’s new outpost. Advent said in a statement that Australia and NZ were key markets for growth with significant opportunities for private capital to be deployed in high quality companies with strong investment potential. The new office would invest in leading...

More Markets

ForBarr sticks to underperform on The Warehouse Group
Retail

ForBarr sticks to underperform on The Warehouse Group

Analysts say they need to see tangible improvement.

NZ sharemarket falls over 1%
Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025
1,200 Air NZ flight attendants vote to take strike action
Markets

1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025
Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Staff reporters 18 Nov 2025