Mercury Capital to buy minority stake in Forsyth Barr
Deal provides liquidity event for broking firm’s employee shareholders.
Dunedin-based Forsyth Barr manages about $32b of client funds from 25 offices nationwide.
Broking firm Forsyth Barr has announced a deal to sell a 25-30% stake to Sydney-based private equity firm Mercury Capital.
In a statement, Forsyth Barr chair David Kirk said it was a positive step for the firm, its staff, and clients.
“Mercury Capital’s investment reflects confidence in our
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