Direct Capital Invests in Active Refrigeration Group — Direct Capital
Summary
We are excited to partner with Direct Capital, said Craig Duff, Founding Director of Active Refrigeration. Their support and private company expertise will be invaluable as we advance our position as the leading refrigeration and HVAC provider in New Zealand. Together, we look forward to building on our achievements, enhance our customer offerings, and create even greater career opportunities for our team.The investment represents Direct Capitals sixth investment from its latest fund, Direct Capital VI, which raised $425 million in March 2020.Direct Capital was established in 1994 and is New Zealands largest private equity firm having raised over $1.7 billion in capital for investment into private companies. Direct Capital invests capital on behalf of institutional and intergenerational investors including NZ Super Fund, ACC and the Government Superannuation Fund, along with pension and endowment funds, community trusts and iwi groups.Direct Capital has partnered with some of New Zealands best-known and most successful businesses, including Mondiale VGL, Beca, TR Group, AS Colour, Hiway Group, Wet & Forget, Perpetual Guardian, Bayleys, along with NZX-listed Ryman Healthcare, Scales Corporation and New Zealand King Salmon.