News
0 Venture Fund meets US$75k target

A venture-capital fund operated by the New Zealand Venture Investment Fund (NZVIF) and its Taiwanese counterpart has raised its initial target of US$75 million (NZ$89m).

The fund, known as GRC SinoGreen Fund III, is being operated in partnership with Taiwan’s National Development Fund and will continue to raise capital towards a final target of more than US$100m.

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0 Scales expands into Auckland

Recently listed Scales Corporation is expanding in Auckland, where its Polarcold Stores operation has secured Fonterra as a customer for a new cold store.

The new facility will store about 20,000 pallets of goods, boosting Scales’ total storage capacity by 16 per cent.

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0 Ngai Tahu, Tainui team to buy bus firm

Two powerful Maori funds have agreed to buy Australian-owned New Zealand bus operator Go Bus for $170 million.

Ngai Tahu Holdings Corporation (NTHC) and Tainui Group Holdings (TGH) have conditionally bought Go Bus from Sydney-based private equity firm Next Capital.

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0 ARANZ Geo recognised for global success

ARANZ Geo Limited, a recognised world leader in the visualisation and interpretation of geological sciences, has been named as a finalist in the 2014 Champion Canterbury Business Awards in the Global Operator category.

ARANZ Geo has built a global reputation in the mining industry in particular as the developers of 3D geological modelling software Leapfrog® which is sold to over 50 countries.

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