Archive for July, 2011

Soho Property acquires Queenstown’s Coronet Peak Station

Comments Off | 07-30-2011

The New Zealand Herald Friday reported that Soho Property has acquired Queenstown’s Coronet Peak Station, adding a fourth property to its vast 55,406 ha South Island high country holding. Soho Property owned by Music producer Robert “Mutt” Lange already controls 33,195ha of Crown pastoral leases at Glencoe Station, Mt Soho Station and Motatapu Station.
However, now [...]

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

Australia’s Retail Food in $4 million purchase of NZ coffee group Evolution

Comments Off | 07-29-2011

Scoop New Zealand Thursday reported that Australia’s Retail Food Group has agreed to a $4 million deal to buy New Zealand’s Evolution Coffee Roasters group. Retail Food Group is an ASX-listed food franchise that operates the Esquires Coffee Houses and Brumby’s Bakeries brands.
Under the deal, the Australian food brand manager will pay cash for the [...]

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Posted in Food Investment and processing NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

Cloud Sherpas acquires New Zealand’s Google Apps reseller and cloud service provider

Comments Off | 07-28-2011

Cloud Sherpas has acquired WaveAdept, a Google Apps reseller and cloud service provider (CSP) in New Zealand as part of a strategy to dramatically expand its business in the Asia-Pacific region.
WaveAdept, based in Wellington, is the third company acquired by Cloud Sherpas, a top Google Apps partner, in the past six weeks. To cement its [...]

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

Merivale Mall promoters to invest extra capital into the Christchurch retail centre

Comments Off | 07-27-2011

Stuff New Zealand Tuesday reported that promoters of Christchurch’s Merivale Mall said they plan to invest extra capital into the retail centre to take advantage of a retail spending swing from the eastern to western side of Christchurch.
The mall is owned by Tower’s property fund, which reduced the total value of the mall about 7.5 [...]

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

Asahi receives 53% shareholder acceptances for Charlie’s Group takeover

Comments Off | 07-26-2011

Asahi announced Monday that it has received valid acceptances representing 53.21% of Charlie’s shares. These include acceptances received from a number of key shareholders, including Collins Asset Management Limited, Tim Cook, Ted van Arkel and the trustees of the family trusts of Stefan Lepionka (the Chief Executive Officer of Charlie’s), Simon Neal and Marc Ellis.
The [...]

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Posted in Food and Drinks, Foreign Direct Investment/FDI New Zealand, General | Read More

Direct Capital Completes its Investment in Scales Corporation

Comments Off | 07-25-2011

Direct Capital announced Friday that its investment in Scales Corporation has now been completed following the obtaining of shareholder approval for the transaction.
Through its Direct Capital IV and Pohutukawa II funds, along with co-investment partners, New Zealand Superannuation Fund and ACC, the acquisition of the 79.7% shareholding in Scales was first announced in May 2011 [...]

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

American Pine & Rosin Derivatives to invest $12 million into a local Rotorua start-up

Comments Off | 07-23-2011

According to Scoop New Zealand, US based company American Pine & Rosin Derivatives is to invest US $12m in forestry to create up to 200 jobs in Rotorua. Rotorua MP Todd McClay welcomed the announcement of the new joint venture in Rotorua to create up to 200 jobs in the forestry sector.
Mr McClay hosted a [...]

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

Riverbed Acquires Wellington based Aptimize to Expand Web Application Optimization Capabilities

Comments Off | 07-21-2011

Riverbed Technology, the IT performance company, Tuesday announced that it has acquired Aptimize Limited, a privately-owned company that is a market leader in web content optimization.
The Aptimize organization, based in Wellington, New Zealand, will become the new Web Content Optimization product group, led by the former CEO of Aptimize, Ed Robinson.
Riverbed® also announced today the [...]

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

Fonterra expands dairy farming operations with Chinese deal

Comments Off | 07-21-2011

Fonterra announced Tuesday it has signed an agreement with the Government of Yutian County of China to develop a new dairy farm in Yutian County, Hebei Province. The US$40 million investment is Fonterra’s third dairy farm in China and is the next step in its strategy to build a high-quality, sustainable fresh milk supply for [...]

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

Heartland New Zealand Ltd lifts capital raising for acquisition of PGG Wrightson Finance

Comments Off | 07-20-2011

According to Reuters, Heartland New Zealand Ltd Tuesday increased its capital raising for the acquisition of PGG Wrightson Finance. Heartland increased its capital raising to $58 million, with $35 million to be raised from existing shareholders via a share purchase plan.
The share purchase plan would raise $35 million, Heartland said in announcing further details of [...]

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