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Quadrant exits remaining stake in Summerset for $155M, reaping a total of $424M from sell down
Oct. 18 (BusinessDesk) - Australia’s Quadrant Private Equity sold down its remaining stake in New Zealand retirement operator and developer Summerset Group Holdings for $155 million. QPE Funds Management, the Quadrant unit that held the stock, sold 50 million shares at $3.10 ap...
SkyCity revenue down 2.8 percent in YTD as strong kiwi crimps returns
By Tina Morrison Oct. 18 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino operator, said revenue before one-time items dropped 2.8 percent so far this financial year as a higher New Zealand dollar crimps returns from its Australian businesses. Rev...
Shares in Summerset Group halted as Quadrant Private Equity sells its stake
By Tina Morrison Oct 18 (BusinessDesk) – Summerset Group, New Zealand’s third-largest listed retirement village operator, had its stock halted as its major shareholder Quadrant Private Equity sells its holding. The Wellington-based company’s shares will be placed in trading hal...
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