Partners Life sale 'falls short' – PE investor

Partners Life sale 'falls short' – PE investor
Partners Life founder Naomi Ballantyne said the deal is a dream. (Image: supplied)
Victoria Young
An investor in Partners Life has described its $980 million sale to Tokyo-listed Dai-ichi Life as “disappointing” because it came in at 11% less than its valuation.Maui Capital’s Aqua fund holds 9% of Partners Life, having paid $44m for its holding in the company.The transaction announced on Aug 12 is subject to approvals.But in Aqua’s latest quarterly report, Maui Capital’s Paul Chrystall says the sale price of $980m, while offering considerable value in uncertain times, falls short of expectations...

More Finance

FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025