Stabicraft gets equity investment from Simplicity
Southern boatbuilder seeks further expansion in North America.
Stabicraft makes a range of vessels from 4.4m to 8.4m long.
Tim Hunter
Tue, 12 Nov 2024
Boatbuilder Stabicraft has raised capital from KiwiSaver funds managed by Simplicity as it aims for more overseas expansion from its Invercargill base.
In a deal completed this month, Simplicity is taking a 35.9% stake in Stabicraft through an issue of 1.4 million shares, with owner and co-founder
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Tim Hunter
Tue, 12 Nov 2024
Contact the Writer: thunter@nbr.co.nz
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