New Zealand private equity activity suffers steep drop

Private equity investments in New Zealand fell by more than 90 percent in the first half of 2008, compared to the same period last year.

Total investments in the first half of 2008 in New Zealand dropped to NZ$88 million ($61 million; €41 million) from NZ$1.1 billion invested in the corresponding period last year.

However, the figures for the first six months of 2007 are inflated as a result of the completion of two large deals including the CCMP Capital-led consortium’s buyout of the Yellow Pages Group.

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