News
0 Flurry of IPOs support the M&A market.

The current merger and acquisitions climate is being stimulated by the bumper crop of IPOs, according to KPMG New Zealand’s latest M&A Predictor.

Ian Thursfield, KPMG NZ’s Partner in Charge of Deal Advisory, says the high level of IPO activity is having a twin effect.
“A buoyant IPO market with strong pricing is encouraging private companies to consider an exit, whether that be by IPO or trade sale. Then the IPOs themselves, in the case of roll-ups, have generated a lot of M&A activity before the float event.”

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News
0 Vantage to tap uncharted territory with $100 million fund

Private equity fund of funds investor Vantage Asset Management has launched a new $100 million fund, as it looks to target self-managed super funds, family offices and small institutional investors.

Vantage managing director Michael Tobin is a former head of private equity at St George Bank, while former Westpac chief financial officer and Pacific Brands chairman Patrick Handley and Ramsay Healthcare director Rod McGeoch sit on the investment committee.

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News
0 Partners Group snaps up Sunsuper book

Thirty billion-dollar superannuation fund manager Sunsuper has trimmed its allocation to private equity by offloading a $200 million portfolio of investments to global private markets manager Partners Group.

As revealed by Street Talk, Sunsuper has been reviewing bids from other asset managers and secondary private equity investors for the portfolio which includes exposures to Australian managers Archer Capital and Quadrant Private Equity, as well as funds in the United States and Europe.

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News
0 How the mathematics of venture capital has changed and what it means for start-up exits

Floating on the stockmarket could fall out of vogue for start-ups backed by venture capital in favour of trade sales to incumbents, because of lower demand for massive exits.

Jeremy Colless, the managing partner of Artesian Capital Management, told a roundtable on innovation hosted by KPMG on Monday that the trade sale option was becoming more viable because “the mathematics for venture capital firms” had changed.

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News
0 Record super fund nudges $29b mark

An investment fund created to help cover the country’s rising superannuation bill has reached a new record high, just shy of $29 billion.

The New Zealand Superannuation Fund hit headlines last month after revealing it had written off a loan to a Portuguese bank worth almost $200 million.

While in the process of legal action to recover the taxpayer cash, the fund reported a 3.91 per cent return in February, taking its overall value to a new record high of $28.98b.

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