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Stabicraft gets equity investment from Simplicity

Southern boatbuilder seeks further expansion in North America.

Stabicraft makes a range of vessels from 4.4m to 8.4m long.

Tim Hunter Tue, 12 Nov 2024
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Boatbuilder Stabicraft has raised capital from KiwiSaver funds managed by Simplicity as it aims for more overseas expansion from its Invercargill base.

In a deal completed this month, Simplicity is taking a 35.9% stake in Stabicraft through an issue of 1.4 million shares, with owner and co-founder

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Tim Hunter Tue, 12 Nov 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Stabicraft gets equity investment from Simplicity
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