Bancorp Wealth Management New Zealand Ltd.
Bancorp Wealth Management New Zealand Limited: BANCORP ACQUIRES LEADING TRANSPORT SPECIALIST
DGAP-News: Bancorp Wealth Management New Zealand Limited / Key word(s): Investment/Miscellaneous BANCORP ACQUIRES LEADING TRANSPORT SPECIALIST “The acquisition will add around $6 million in revenue to Bancorp in the first full year of ownership.” Bancorp’s Managing Direct, Craig Brownie said. The business will be the first or a series to be acquired by Bancorp’s new Limited Partnership fund – Castlerock LP. The Partnership will be managed by Castlerock LP Management limited a subsidiary of Bancorp Capital. The full financial impact of the business acquisition will flow through into the 2017 financial year and be EPS positive from day one. The new Limited Partnership will be the first of its kind in New Zealand offering quarterly valuations, distributions and liquidity for investors. About Bancorp
2016-09-01 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |