Pioneer Capital says Agility CIS has more acquisitions lined up

Mon, 15 Jun 2020

Pioneer Capital said its Auckland-based Agility CIS investment is looking to add other bolt-ons after it snapped up US-based Znalytics and didn’t rule out an eventual public listing. Pioneer has a 35 percent stake in the 22-year old company that provides billing and customer information systems to utilities and said it was planning to retain the stake for the “duration of the plan that we and our partners have in place for the business.” London-based SilverTree Equity holds the remaining 65 percent. However, “we expect there will be a ran...

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