NZ Rugby votes to sell commercial share to US investors
By STEVE McMORRANApril 29, 2021 GMT
WELLINGTON, New Zealand (AP) New Zealand Rugby will move ahead with a plan to sell a 12.5% stake in its commercial rights, mainly the All Blacks, to U.S. investors after winning the support of provinces at its annual meeting Thursday.
New Zealand’s 26 provincial unions voted unanimously in favor of the proposal to sell the stake to California-based Silver Lake Partners for 387.5 million New Zealand dollars ($279.2 million), valuing the rights at NZ$3.1 billion ($2.2 billion).
The only remaining obstacle to the private equity deal is the New Zealand Rugby Players’ Association. The union representing professional players has expressed concern about several aspects of the sale, including the possible commercialization of traditional and cultural symbols such as the silver fern and All Blacks’ haka.
NZ Rugby debates selling All Blacks share to US investors
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NZ Rugby debates selling All Blacks share to US investors
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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Work management software company secures investment to enable customers in North America, APAC and European markets to simplify their techstack and eliminate distractions Scoro, an award-winning work management software for professional service businesses, has closed a $16.4 million Series B funding round led by Kennet Partners. Additional investors include Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures. The investment will fuel continued global expansion and is supported by new French and Spanish versions of the software. Even before Covid-19 hit, most professional service businesses used as many as a dozen different platforms daily, said Scoro s Founder and CEO, Fred Krieger. However, teams now realise that constantly switching between tools harms productivity and results in lost data and duplicated work. In many ways, these tools became weapons of mass distraction. We re proud to have the support of Kennet Partners and other investors as we he
Scoro : Raises $16 Million in Series B Funding To Invest In Its End-to-End Work Management Software
03/09/2021 | 05:02am EDT
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Work management software company secures investment to enable customers in North America, APAC and European markets to simplify their techstack and eliminate distractions
Scoro, an award-winning work management software for professional service businesses, has closed a $16.4 million Series B funding round led by Kennet Partners. Additional investors include Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures. The investment will fuel continued global expansion and is supported by new French and Spanish versions of the software.
“Even before Covid-19 hit, most professional service businesses used as many as a dozen different platforms daily,” said Scoro’s Founder and CEO, Fred Krieger. “However, teams now realise that constantly switching between tools harms productivity and results in lo