Colin McKinnon, NZVCA Executive Director, spoke with Tony Bishop about deal flow and the type of investment the new fund will 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.
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.
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.
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.