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
Infratil’s data centre investment is now worth a total A$13.7 billion (NZ$15.18b), up from A$10.2b just two months ago, pricing its almost 50% stake at A$6.85b. The higher revaluation for CDC Data C
Foreign & Colonial Investment Trust aims to grow investor capital and income over the mid to long term. They invest primarily in equities, in both well-established companies listed on the world's majo
Acronym-coiners missed a trick when midwifing the birth of the environmental, social and governance movement some indeterminate number of years ago. Why not environmental, governance and social? EGS
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
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
The Company's objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance
The Bankers Investment Trust aims over the long term to achieve capital growth in excess of the FTSE World Index and annual dividend growth greater than inflation, as defined by the UK Retail Prices I
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....
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
Spark is cutting its upper management headcount by five as part of its ongoing restructuring efforts. BusinessDesk has reviewed documents from an internal presentation given to staff on Jan 30, 2025..
Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12. Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we ext
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
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
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
Australia and New Zealand Banking Group is one of the biggest banking companies in Australasia.The bank provides a wide range of services such as; personal banking, mortgages, consumer finance, wealth
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
Wayne Gentle is Milford Asset Management’s chief investment officer and executive director. He is also the co-portfolio manager of the Milford Trans-Tasman Equity Fund and the Milford Australian Abs
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.�
Christchurch-based property developer Wolfbrook has bought the property management business of the failed Du Val group. Investment Portfolio Management Limited Partnership (IPM) managed around 450 pr
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
Ethical investment charity Mindful Money is drawing on Olivia Colman’s star power to try to convince New Zealanders to avoid fossil fuels in their investments and KiwiSaver funds. It is launching a
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