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Press Release

Partnership set to unlock domestic & overseas funding

Neu Capital & Grant Thornton team up to close funding gap[1] for NZ mid-sized businesses (MSBs).

In a bid to transform access to funding channels for established New Zealand MSBs, Neu Capital, a leading global private investor network for mid-market institutional investor relationships, has teamed up with global professional services network Grant Thornton.

New Zealand’s MSBs account for 17% of total enterprise income and 20.5% share of New Zealand’s employment[2]. Combining Grant Thornton’s advisory capabilities with Neu Capital’s investor relationships and proprietary market intelligence, the collaboration will see the two companies unlock billions of domestic and overseas funds for companies in New Zealand looking for growth capital.

Commenting on the partnership, Neu Capital New Zealand Director Steven Holden, says: “We see this as a prime opportunity to fill the gap for established companies who need a broader range of funding options, especially when looking to expand their burgeoning businesses. We’re also delighted to partner with one of the world’s most established professional services firms.”

With a focus on businesses seeking $10 million to $200 million in debt or equity, Neu Capital and Grant Thornton will provide a full suite of mid-market capital raising and merger and acquisition services including deal readiness planning, information preparation, deal structuring, institutional matchmaking and negotiation.

Neu Capital’s deep global investor relationships span offices of wealthy families, private equity firms, credit funds and other non-bank lenders, including some based in North America, Europe and Asia.

“We want to alert mid-market CEOs, CFOs and financial controllers to the large pool of private capital available for investment into established businesses. Our team, technology and processes are built for discrete distribution from the ground up, which facilitates higher volumes and quality of opportunities for our investor network,” continued Holden.

Neu Capital knows domestic and overseas funds aggressively seek established New Zealand companies to invest in and in recent years has seen a disconnect between funds seeking investment and companies looking for capital for growth, acquisition, or debt refinancing.

Russell Moore, National Managing Partner at Grant Thornton NZ, believes the deal will enhance opportunities for both businesses and investors. “New Zealand’s MSBs form a crucial part of our economic landscape but are often underrepresented as we focus on the success or failure of large and small businesses. There’s huge potential for MSBs to accelerate their growth and make a big impact on NZ’s bottom line. We’re excited to deploy our advisory capabilities alongside Neu Capital’s investor expertise, and to help more New Zealand mid-market businesses to thrive.”

Neu Capital has been based in Auckland since mid-2019; cementing the Grant Thornton partnership in Australia in mid 2019 and as of March 2020 in New Zealand.

Read more about Neu Capital at: https://www.neu.capital/

[1] New Zealand Trade and Enterprise, 2019

[2] The power and potential of the mid-sized business, Grant Thornton, 2019

 

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