Quadrant seeks partial exit from New Zealand’s Summerset
Quadrant Private Equity plans to list Summerset, New Zealand’s third-largest retirement village company, in November but is likely only to exit 30% of its 97% stake in the company following recent market volatility.
Summerset has registered a combined investment statement and prospectus outlining a proposed NZ$122.5-136 million offering priced at NZ$1.40-1.60 per share, The New Zealand Herald reported. This values...
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