By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
Several years ago, four Scion staff threw a mattress off a cliff and jumped after it, as they tell it. That gamble appears to be paying off. Cetogenix is among three NZ cleantech firms named in the to
Like it or not, political and policy success comes down to implementation and the people who actually deliver. If you are interested in implementation and delivery, nau mai – haere mai, and welcom
Mates rates? The Government is upping the director fees for the 22 Crown-owned companies overseen by the Treasury. BusinessDesk understands there has been a lack of interest from the Government’s bu
Soul Capital was quick to see the potential for artificial intelligence-generated sign language. The venture capital company realised Auckland software developers Kara Technologies perfectly fit its i
The government has placed the failed Du Val property development group into statutory management. It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into
Estate planning and investment firm Perpetual Guardian Group has acquired Castle Point Funds Management for an undisclosed sum to expand its retail market presence. Signed Tuesday, the acquisition of.
By Luke CostinQatar Airways intends to acquire a quarter stake in Virgin Australia in a partnership the latter calls a "missing piece" of its long-term strategy. Travellers would have more airfare opt
Venture capital firm Pacific Channel is setting up a new fund in Australia, in a move it believes is a first offshore expansion for such a New Zealand-based company. The Pacific Channel Ventures fund.
Xero announced Angad Soin as its new managing director for Australia and New Zealand on Thursday. Soin will hold a dual role, retaining his position as global chief strategy officer on Xero’s execut
Deputy Prime Minister Winston Peters will attend the Melbourne Cup on Tuesday before heading to Canberra to meet the foreign ministers of Australia and India. In Canberra, Peters will attend and speak
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Global private equity firm KKR has bought the Natural Pet Food Group as it looks to add premium brands for animal lovers to its existing stable of pet food investments. Natural Pet Food chief executiv
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
By Rebecca Howard Feb. 23 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar on the back of some weak business investment data across the Tasman and gained against the greenba
Chinese owners of one of the country’s largest rubbish disposal companies, Waste Management NZ, have sold the business to Australian-based Igneo Infrastructure Partners. The $1.9 billion transaction
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
By Paul McBeth Oct. 9 (BusinessDesk) - Abano Healthcare predicts 2019 margins will get squeezed as it speeds up plans to acquire new dental practices while business across the Tasman still struggles.�
Nearly one in two infrastructure projects being delivered by government agencies are experiencing delays and transport dominates future spending intentions, a new monitoring report says. Treasury rele
By Jenny Ruth Dec. 24 (BusinessDesk) - MYOB directors appear to be backing themselves to come up with a better offer while keeping the KKR takeover offer as a backstop. After completing due diligence,
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
New Zealand infrastructure investment firm Infratil has launched a new renewable energy investment company, Mint Renewables, in partnership with investment firm Commonwealth Superannuation Corporation
US private equity firm KKR has bought a controlling stake in Dunedin’s Education Perfect, valuing the company for as much as $455 million if the online education firm hits earn-out targets. KKR will
ANZ Bank NZ said its chief financial officer Stewart Taylor will become acting managing director of funds management from the end of this month. This is a new role created since Craig Mulholland, mana
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.