Posts Tagged ‘Finance news’

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 [...]

Tags: , , , , , , , , ,
Posted in Finance New Zealand, 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 [...]

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

Manufacturing firm Scott Technology keen on raising $9.5 million for expansion

Comments Off | 06-29-2011

The New Zealand Herald Tuesday reported that manufacturing firm Scott Technology is looking to raise $9.5 million from shareholders to shore up its balance sheet, build stock and pursue new business opportunities, says its boss.
The Dunedin-based company has announced a one-for-four renounceable rights issue open to existing investors. According to the Herald, at $1.20 per [...]

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

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 [...]

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

GE Capital buys Business and assets of South Canterbury Finance’s subsidiary, Face Finance

Comments Off | 05-24-2011

The receivers of the South Canterbury Finance Group announced Monday that GE Capital’s New Zealand Equipment Finance business has acquired over NZ$100 million of commercial loan book assets from Face Finance Limited, a subsidiary of South Canterbury Finance Limited.
Face Finance primarily focuses on ‘big ticket’ financing in the transport and infrastructure sectors. It has operated [...]

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

My ATM Holdings Enters the New Zealand EFTPOS Market

Comments Off | 05-19-2011

My ATM Holdings has entered into shareholder agreements through its wholly owned subsidiary MY EFTPOS Limited to acquire 30 per cent of Integrated Payments Limited (IPL) in New Zealand.
Integrated Payments operates an EFTPOS deployment business and is the first deployer in New Zealand to offer terminals that surcharge credit cardholders. New Zealand’s EFTPOS network of [...]

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

New Contestable NZ$850,000 fund to encourage New Zealand red meat sector

Comments Off | 04-30-2011

A fresh NZ$850,000 contestable fund has been established to fund the growth of the New Zealand red meat industry, reported the New Zealand Herald. The red meat industry is New Zealand’s second biggest export earner.
The Red Meat Market Development Contestable Fund is a joint initiative between New Zealand Trade and Enterprise and Beef and Lamb, [...]

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

Fresh Capital fund to help expand NZ start-ups

Comments Off | 04-26-2011

A new local venture fund is to invest an estimated $50 million in New Zealand start ups, reported the NZ Herald. Movac Partners will invest the sum in about 10 upcoming New Zealand firms. According to Movac, local start-ups are facing massive challenges securing expansion-phase funding. Most of the startups have either been forced out [...]

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

NZCU Baywide and Wine Country Credit Union merger comes into force

Comments Off | 04-6-2011

The merger of Hawke’s Bay’s two major credit unions has officially come into force. The merger of NZCU Baywide and Wine Country Credit Union came into force from 1st April 2011. The credit unions service over 30,000 customers from throughout the lower North Island.
NZCU Baywide chief executive Gavin Earle said the merger boosts member numbers [...]

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

Fisher Funds to buy Huljich KiwiSaver, creates one of the largest non-default schemes in the country

Comments Off | 04-5-2011

Fisher Funds has announced its plans to purchase the Huljich KiwiSaver business. The investment is a significant move for the KiwiSaver sector. The combination of Fisher Funds and Huljich KiwiSaver businesses will result in more than 100,000 members and $400 million in assets. This makes the Fisher Funds KiwiSaver Scheme one of the largest non-default [...]

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