Direct Capital takes 50% of Perpetual Guardian
Private equity firm converts loan to shareholding.
Tim Hunter
Tue, 08 Oct 2019
Private equity firm Direct Capital has taken 50% ownership of trustee company Perpetual Guardian after converting a $64 million loan into shares.
The transaction reduced the holding of businessman Andrew Barnes to 50% from 100%.
Direct Capital provided loan finance to Barnes’ company, Bath
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Tim Hunter
Tue, 08 Oct 2019
Contact the Writer: thunter@nbr.co.nz
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Direct Capital takes 50% of Perpetual Guardian
Business,
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