Jarden restructuring to clear ‘untenable dynamic’, source says
The investment bank brings in Pacific Equity Partners as passive shareholder, exits FirstCape.
Jarden says its current staff will move to 70% ownership under the deal.
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Investment banking group Jarden is exiting its stake in wealth manager FirstCape in a complex restructure to resolve “an untenable shareholder dynamic”.
FirstCape was formed in early 2024 from the merger of Jarden’s wealth and fund management arms with National Australia Bank’s JBWere NZ
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