Rangatira is currently looking to invest
Rangatira has around $70 million available for further investment and is looking for mid-sized companies (companies with annual revenue of over $12 million) that have good growth potential and require additional capital to take them to the next stage.
Following the sale of oil and gas services company Contract Resources in late 2012, we are interested in making a number of investments of up to $20 million in New Zealand based businesses with strong management and good growth prospects. Read more on Rangatira Investments.
Rangatira agrees to sell its 50% stake on Contract Resources
December 27, 2012: Wellington investment company Rangatira today announced that it has entered into a conditional agreement to sell its 50% share of Contract Resources Holdings Limited (Contract Resources) to Hellaby Holdings Limited (Hellaby). Read more.
Rangatira at a glance
Rangatira is a Wellington-based investment company with over $180 million of equity.
Established in 1937, the Company is 51% owned by the JR McKenzie Trust with other community and charitable organisations owning another 15% of the shares. The balance of the shares is owned by private investors. Rangatira’s mission is to increase both the capital value of its shares and the dividends paid to its shareholders by investing creatively and competitively.
Rangatira has built a portfolio of local and international investments across a wide range of sectors. The Company has pursued a policy of investment in small to medium-sized unlisted New Zealand companies, complemented by holdings in a range of publicly listed New Zealand, Australian and international companies. All investments have been made taking a long-term position in companies that are well founded and well managed with good growth potential.
Rangatira is strictly commercial in its investment approach and benchmarks its performance against the wider investment community.
Rangatira continues to explore investment opportunities across a range of business sectors. We aim to add value to our unlisted investments by actively contributing at management and board level, recognising the need to combine high standards of governance with sound management and a clear focus on growth and profitability.
Read more about Rangatira.