Auckland-based fund administration firm, MMC, has named governance heavy-weight James Ogden as its new independent chair.
Ogden, who was head of Macquarie NZ for six years until 2002, serves as independent member on the investment committee of Pencarrow Private Equity, which took a 50 per cent stake in MMC late last year.
Unleashed Software, an Auckland-based inventory management Software-as-a-Service (SaaS) provider, has received a Series C investment of NZ$7.0 million from Movac.
CEO of Unleashed Software, Gareth Berry, comments, “We have been building our core product and markets for eight years now and the market now feels like it is really starting to embrace cloud based applications.”
Blue Sky Venture Capital, Allegro Funds, Quadrant Private Equity and KKR have been recognised for closing the best deals of the year in Australia.
The Australian Private Equity and Venture Capital Association Limited (AVCAL) announced the winners at its annual conference in Melbourne, recognising the four private equity firms for successful investments in Pet Circle, Great Southern Rail, Canberra Data Centres and GenesisCare.
Global healthcare technology specialist, Clanwilliam Group, has taken a majority shareholding in HealthLink, Australasia’s leading Health-system Integrator. The Dublin-based Clanwilliam Group consists of a number of healthcare technology and services businesses in Ireland, the United Kingdom and Australasia.
The purchase brings Clanwilliam Group’s investment in Australasia to nearly $NZ70 million so far this year, including another New Zealand company, pharmacy software provider Toniq.
Phil Veal, the chief executive of Rangatira Investments, which owns two of the country’s most iconic attractions, has resigned and will leave his role in November.
Rangatira owns Auckland’s Rainbow’s End and Rotorua’s Polynesian Spa. It is the second high profile resignation in six weeks from the group with Rainbow’s End chief executive Chris Deere stepping down in August.
Veal, who has been leading Rangatira for the past three years, told the Ticker he had “no other plans at the moment, al though I probably won’t sit still forever”.