Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Auckland Interest Shown In Private Equity Fund

September 10, 2004

Major Auckland Interest Shown In Private Equity Fund A strong turnout of investors highlighted the launch of private equity investment company Pohutukawa Private Equity Ltd (Pohutukawa) in Auckland last night.

Promoted and managed by ABN AMRO Craigs Limited and Direct Capital Private Equity Limited, Pohutukawa is seeking to raise $40 million capital. It will enable investors to collectively participate in expansion capital and management buy-out opportunities in established unlisted businesses.

At last night’s official launch at the Royal NZ Yacht Squadron, investors learned how they can participate in supporting the growth of unlisted New Zealand businesses and share in their success.

Neil Craig, ABN AMRO Craigs executive chairman, said Pohutukawa would enable investors to collectively participate in expansion capital and management buy-out opportunities in established unlisted businesses.

Craig reminded investors that Pohutukawa had been designed to enable retail investors to participate alongside institutional and habitual investors and that a portfolio with a balance of private and public equity should provide a higher return for a similar level of risk than a portfolio with listed public equity alone.

Neither ABN AMRO Craigs nor Direct Capital nor any other person guarantees the offer or the performance of Pohutukawa.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news