Archive for June, 2011

Nakedbus.com acquires Pavlovich Group’s interests in Nakedbus NZ Limited

Comments Off | 06-18-2011

Nakedbus.com Group and Pavlovich Group announced Friday that nakedbus.com has accepted an offer from Pavlovich Group to acquire Pavlovich’s shareholding and routes in Nakedbus NZ Ltd.
Pavlovich’s CEO Bernard Pavlovich commented that the sale of their Nakedbus shares will allow Pavlovich’s to place their focus on other core business activities. The move will enable the bus [...]

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Reynolds Group Holdings Ltd acquires Graham Packaging Company Inc in expansion move

Comments Off | 06-17-2011

Reynolds Group Holdings Limited Thursday announced that it has negotiated definitive terms and conditions to acquire all of the outstanding shares of Graham Packaging Company Inc. for $25.00 per share in cash.
Graham has announced that its board of directors, upon recommendation of its special committee, has determined that the Reynolds Group proposal is superior to [...]

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Stolt-Nielsen Limited acquires majority stake in Marstel Terminals

Comments Off | 06-16-2011

Stolt-Nielsen Limited announced Wednesday that it has agreed to acquire a majority stake in Marstel Terminals, a privately held network of nine bulk-liquid storage facilities in Australia and New Zealand, with a total combined storage capacity of approximately 177,000 cbm.
Upon the completion of the transaction, SNL will own 70% of the business, with the remaining [...]

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Heartland New Zealand in bid for PGG Wrightson’s finance unit

Comments Off | 06-15-2011

The New Zealand Herald Tuesday reported that Heartland New Zealand, the lender built from the merger of Marac Finance and Canterbury and Southern Cross building societies, is expanding in rural lending with the $100 million bid for PGG Wrightson’s finance unit.
According to the Herald, Heartland Chief executive Jeff Greenslade told the newspaper that the acquisition [...]

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Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

LeftBrain Group acquires online gadget retailer ‘I Want That’

Comments Off | 06-14-2011

LeftBrain Group Limited, one of New Zealand’s largest online retailers, announced it has acquired online gadget retailer ‘I Want That’ (www.iwantthat.co.nz) for an undisclosed sum.
The Tauranga based LeftBrain Group is the parent company to a number of New Zealand’s leading online retail stores including iQ Toys, Baby Universe, Gumboot and I Want That. The purchase [...]

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Unknown buyer to complete purchase of Kingston Flyer

Comments Off | 06-13-2011

According to Stuff New Zealand, an unknown buyer is expected to finalize a deal for the acquisition of Kingston Flyer this week. Kingston Acquisitions, which ran tourist trips in the train (Kingston Flyer), went into receivership in November 2009, owing Prudential at least $4.7million.
Since then, the engine, station and part of the historic railway have [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Tourism | Read More

Commerce Commission clears Cavalier to acquire the wool scouring assets of rival NZ Wool Services International

Comments Off | 06-11-2011

The Commerce Commission has cleared Cavalier Wool Holdings to acquire the wool scouring assets of rival NZ Wool Services International, creating a New Zealand monopoly in the wool processing services.
Commerce Commission Chairman Mark Berry said in a statement the watchdog found that there are likely to be considerable cost savings from the rationalization of the [...]

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Posted in Agriculture New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

Kathmandu founder Jan Cameron invests A$20 million in rival retailer Macpac

Comments Off | 06-10-2011

According to the New Zealand Herald, Kathmandu founder Jan Cameron has invested A$20 million in rival retailer Macpac after a five-year non-compete agreement expired last month.
Cameron set up the company in 1987, selling the chain in 2006 for about $275 million to private equity firms. It has since been floated on the NZX and ASX. [...]

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Infosys and Gen-i in strategic partnership targeting the Australasian expanse

Comments Off | 06-9-2011

Infosys and Gen-i Wednesday announced a strategic partnership that will create a new choice for Australasian enterprises seeking local expertise and commitment, as well as global best practices and capabilities in IT services including IT consulting, business transformation and cloud-based offerings.
The partnership creates a new market proposition for local businesses by helping them to transform [...]

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Juniper Networks completes project with NEC and REANNZ

Comments Off | 06-7-2011

Juniper Networks announced the completion of a project with NEC and REANNZ (Research and Education Advanced Network New Zealand Ltd) to extend the reach of KAREN (Kiwi Advanced Research and Education Network) to more points of presence across New Zealand, making it easier for more organizations to connect to the research, education and innovation community.
KAREN [...]

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