Announced
Completed
Financials
Sources
Tags
Private Equity
Acquisition
Majority
Domestic
Friendly
Completed
Public
New Zealand
fund management
Asset Managers and Custodians
Single Bidder
Synopsis
NZX, a company that builds and operates capital, risk, and commodity markets, agreed to acquire QuayStreet, a fund management company, from Craigs Investment Partners, an investment advisory firm, for $31m. “Ensuring our clients get the highest quality outcomes is our number one priority. With 19 offices across New Zealand, and 60k clients with $2bn in funds under management with us, we represent Kiwis from every walk of life. Our decision to sell QuayStreet is particularly exciting for those clients whose needs are suited to funds. In Smartshares, they get an award-winning, reputable, focused funds manager and more choice,” Simon Tong, Craigs Investment Partners CEO.
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