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EFG’s Australia Unit Acquires New Zealand Investment Firm
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EFG subsidiary Shaw and Partners acquires a majority stake in a company in Auckland and is expanding to New Zealand.
EFG’s Australia Unit Acquires New Zealand Investment Firm
Shaw and Partners – the Australian unit of EFG International – has expanded into New Zealand with a new acquisition of an Auckland-based investment firm. Shaw and Partners Financial Services has acquired a 75 percent stake in Auckland-based Investment Services Group (ISG) for NZD 67.5 million ($40.7 million), according to a statement. The deal, subject to regulatory approval, marks a formal entry into the New Zealand market. The ISG business wil…
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