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.