Wealth management deal allows debt repayment for Jarden
Investment from Pacific Equity Partners will cover $65m owed on capital notes.
Jarden will own 20% of a new merged wealth management business dubbed FirstCape.
Private equity firm Pacific Equity Partners is said to be investing $245 million for a 35% stake in a combined Jarden/JBWere NZ wealth management business, valuing the overall new entity at $700m.
The cash from PEP will fund payments to Jarden and National Australia Bank, owner of JBWere, who are
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