PE firm Stonepeak to acquire NZ's Arvida Group in $746m deal

PE firm Stonepeak to acquire NZ's Arvida Group in $746m deal

Photo by Vladimir Solomianyi on Unsplash.

US-based private equity firm Stonepeak will buy out New Zealand’s Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt as the investment firm looks to cash in on the demand for retirement living and aged care services.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter