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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
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

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Tim Hunter
Thu, 08 Mar 2018
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Private equity buys into Tower
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