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NZX Buys QuayStreet, Signs Agreement With Craigs

<p><strong>TRANSACTION HIGHLIGHTS</strong>:</p>
<ul>
<li>NZX to acquire the management rights of QuayStreet (and its $1.6 billion in funds under management) from Craigs Investment Partners for upfront consideration of $31.25 million, to be satisfied by a $22.5 million cash payment and the issuance of $8.75 million of NZX shares (at a 10% premium to the five-day volume-weighted average price).</li>
<li>Potential earn-out c...
New Zealand Simon Tong Mark Peterson Quaystreet Asset Management Limited Research Ip Fund Boutique Fund

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