John Anthony

1 week ago | businessdesk.co.nz | John Anthony

Buyer demand for New Zealand businesses has climbed, says business broker Link, which is reporting record engagement and stronger deal completion across the board.Link national business development manager Steve Matthews said it recorded a 19% year-on-year rise in signed confidentiality agreements, a key indicator of buyer interest, alongside a 32% increase in engagement per listing.“This is a clear signal of growing intent among buyers, even in sectors where economic conditions have...

1 week ago | businessdesk.co.nz | John Anthony

Leading New Zealand keg supplier Konvoy has been tipped into liquidation with $8.37 million in debt, but receivers say progress on a potential sale is continuing.The company, launched in October 2019, offers breweries keg rentals and long-term leasing options.In March, receivers McGrathNicol were appointed to Konvoy NZ and its Australian parent by EQT Structured Finance Services in its capacity as security trustee for the Konvoy Security Trust.The Konvoy group comprises seven entities in...

2 weeks ago | businessdesk.co.nz | John Anthony

One of New Zealand’s largest corporate law firms is increasingly recommending arbitration over litigation, citing persistent court delays.A recent article by Chapman Tripp partners Nicola Swan, Sam Holden and senior associate Emma Peart said delays in resolving commercial matters in court were of increasing concern, with larger civil claims filed this year not being scheduled until 2028-2029.“As court system delays reach unprecedented levels, and the cost and length of hearings continue to...

3 weeks ago | businessdesk.co.nz | John Anthony

The largest shareholder in New Zealand-based healthcare and animal care company Ebos is selling $949 million worth of shares to redeploy capital into other growth opportunities.DiscountA substantial product holder notice issued by Ebos to the NZX and ASX on Wednesday said Sybos had entered into an agreement with UBS to manage and underwrite the sale of 26,740,177 shares in Ebos for $35.50 per share, an 8.81% discount on its $38.93 share price.Ebos’ share price fell about $2.50 following the...

3 weeks ago | businessdesk.co.nz | John Anthony

Green Cross Health, which owns Unichem, Life Pharmacy and the country’s largest GP network, lifted its net profit after tax attributable to shareholders to $16 million for the year to March, up from $11.8m a year earlier.A Green Cross Health statement to the NZX on Thursday said the company had been navigating a difficult economic environment and a challenging primary healthcare landscape.“Amidst inflationary pressures, insufficient government funding and constrained consumer spending, a...