close
MENU
2 mins to read

Private equity buys into Tower

Suncorp claims $8.5m gain on sale.

Tim Hunter
Thu, 08 Mar 2018

Private equity firm Bain Capital has acquired a 20% stake in Tower, raising the prospect of another takeover bid for the NZX-listed insurer down the track.

Bain Capital bought the 67.5 million shares from Australia-based Suncorp for $54 million, or 80c a share.

Suncorp bought into Tower in

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter
Thu, 08 Mar 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Private equity buys into Tower
73837
true