An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in
Former New Zealand Exchange-listed company Just Life Group has sold its hot water cylinder installation and service company, The Cylinder Guy, for an undisclosed sum. Just Life Group (JLG) delisted fr
The sale of Partners’ Life to Japanese conglomerate Dai-ichi Life for $1 billion will be a considerable payday for those who have backed the firm over the past 12 years. Not least of these are found
Travelling through Vietnam in 2018, Georgina ‘Georgie’ Fenwicke found herself looking more closely at the office buildings and factories densely crowding the streets and wondering how exactly citi
I've learnt a lot from failure. It was something that I was scared of, but it's been the greatest thing that ever happened to me. Not being successful in my coaching career more than once was really i
Australian insurer Suncorp is selling its New Zealand life insurance business, Asteron Life, for $410 million to an international insurance group, Resolution Life. In a statement to the Australian sec
The average New Zealander tends to have their first child before marriage and to marry before buying their first home. It's a similar pattern, with similar average ages, to that followed by our Austra
Nick Malarao began his legal career at Meredith Connell in Auckland 23 years ago, but the firm's longest-serving member and senior partner of 14 years is leaving to become a barrister. In a leaving
July 1 (BusinessDesk) - Tower has sold its remaining life insurance business to Australian-owned Foundation Life (NZ) Holdings for $36 million, completing its transformation to a general insurer. Th
Jamie Beaton doesn’t want to discuss Jake Millar. For 45 minutes, the founder of Crimson Education, the university admissions support company, has been talking nonstop, with blistering enthusiasm an
Each fortnight, Victoria Carter speaks to someone about failure and disappointment and what they learned. This week, she talks to Tony Falkenstein, founder and chief executive of Just Life Group. He i
By Bob Brody At 72, I still work about 30 hours a week, but only because I like to. I get a lot out of it – intellectual stimulation, social connection, a sense of identity, the opportunity to contr
Just Life Group (JLG) was listed in 2004. JLG was previously known as Just Water International (JWI) until March 2019. The name change reflected the strategic intent of the Group, evidenced by the acq
ASX-listed Centuria Capital is making another tilt at Augusta Capital, offering $1 a share for the 76.7 percent it doesn't already own. That's half the per-share amount it was prepared to pay in Janua
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
By Rebecca Howard Jan. 26 (BusinessDesk) - Partners Life, a life insurance company whose owners include private equity firm Blackstone, has appointed Jim Minto as its new chairman, the company said t
By Jenny Ruth March 5 (BusinessDesk) - Partners Life has launched an advertising campaign aimed at getting New Zealanders to think about whether they need life insurance. That’s at a time when the
Partners Life has agreed to buy the Bank of New Zealand’s life insurance business for $290 million. The life insurer counts US private equity firm Blackstone as a backer, and has been toying with an
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
The Life is a BusinessDesk section for people with an appetite for living well, who like to celebrate the good things in life – whether that’s investing in your health and wellness or a weekend at
Augusta Capital is buying the Visy glass factory in Auckland for $178 million in a sale-and-lease back deal, with Visy and Augusta planning to syndicate the property. At the same time, Augusta's new A
Centuria NZ expects to pay an initial 6.5% after-tax cash distribution to investors in its first rural venture, its agricultural property fund. The Australian stock exchange-listed property group, whi
A new unlisted property fund, Centuria NZ Healthcare Property Fund, is offering investors a way to protect against inflation with the manager expecting to pay investors a 5% cash annual income paid mo
Centuria New Zealand will launch a roadshow to wholesale investors next week, rolling out its latest ‘value add’ fund, dangling an annual pre-tax return of 13% to investors, backed by upper-end se
By Jenny Ruth Nov. 28 (BusinessDesk) - The Reserve Bank is sending a strong signal to the life insurance industry that broker commissions are way out of whack with international comparisons. The centr
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