Craigs Investment Partners, a New Zealand wealth management firm, has reached a conditional agreement with global private equity firm TA Associates for a strategic investment.
According to a recent press release, as part of the agreement, existing employee and director shareholders of Craigs will retain 50% ownership, forming a close partnership with TA Associates.
The collaboration between Craigs and TA is designed to strengthen Craigs’ place in the New Zealand wealth management sector while supporting its continued growth, with TA providing industry expertise, strategic resources, and an expansive global network.
“This is an exciting opportunity that connects our local team with TA’s extensive global experience in wealth management, supporting our ability to deliver enhanced outcomes for clients in an increasingly dynamic environment. Access to TA’s international network, best practices and insights will help us elevate our services while maintaining the personalised approach that sets us apart,” said Simon Tong, CEO of Craigs.
The agreement is subject to several conditions, including Court approval, shareholder approval, and consent from the Overseas Investment Office (OIO). The deal is expected to close by the end of the first quarter of 2025. Financial terms have not been disclosed.
