Silver Lake: New Zealand Rugby board approves landmark capital raise

Private equity firm Silver Lake has increased its stake in NZR Commercial. (Image: NZME)

Fri, 22 Dec 2023

The New Zealand Rugby board, in collaboration with the New Zealand Māori Rugby Board and 26 provincial unions, has given the green light to a $62.5 million capital raise through the existing Silver Lake underwrite.The Herald reports this strategic decision will increase Silver Lake’s interest in New Zealand Rugby (NZR) Commercial from 5.71% to 7.5%.NZR will conclude the capital raise process, which has already provided investment to NZR Commercial and stakeholders, including more than 450 community rugby clubs, and rebuilding NZR res...

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