Latest news with #SpeirsFinanceGroup
Scoop
2 days ago
- Business
- Scoop
SFG Raises NZ$200 Million To Power Kiwi Productivity & Growth In Inaugural, Positively Supported Public Term Transaction
Speirs Finance Group has completed its first public term asset-backed securities (ABS) issue, securing NZ$200 million from a broad base of institutional investors in New Zealand and Australia. The multi-tranche notes carry Fitch ratings and settled early July. This inaugural raise diversifies Speirs' capital strategy, expanding its already strong platform to support the financing of equipment, vehicles, and technology across key sectors including construction, transport, healthcare, agriculture and fleet leasing. With enhanced capacity, Speirs continues to enable Kiwi businesses to invest in productive assets—helping drive innovation, lift productivity, and fuel growth in regional economies across New Zealand. Michelle Herlihy, Chief Executive of Speirs Finance Group, said, 'Investor demand for this deal shows deep confidence in New Zealand's real-economy story. The funds give us greater firepower to help customers invest, innovate and keep New Zealand businesses moving forward.' The offer closed with positive support from investors, underscoring market trust in Speirs' disciplined credit culture and long-term strategy. The raise diversifies the Group's funding base and further strengthens its balance-sheet resilience. Proceeds will refinance receivables housed in Speirs' warehouse facilities and free up capacity to accelerate new lending across its equipment, fleet and healthcare finance portfolios—areas proven to boost productivity and service delivery nationwide. Speirs acknowledges the invaluable support of its banking partners and advisors, whose expertise helped the Group engage a high-calibre investor base and successfully navigate its inaugural issuance.
NZ Herald
2 days ago
- Business
- NZ Herald
Speirs Finance secures $200m in first capital raise for NZ businesses
Reminder, this is a Premium article and requires a subscription to read. Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Access to Herald Premium articles require a Premium subscription. Subscribe now to listen. Speirs Finance secures $200m in first capital raise for NZ businesses Michelle Herlihy, chief executive of Speirs Finance. Photo / Supplied Speirs Finance Group, which specialises in lending to small to medium-sized enterprises, has completed its first capital raise. The company said it had completed an asset-backed securities (ABS) issue, securing $200 million from institutional investors in New Zealand and Australia. The multi-tranche notes carry Fitch ratings and settled early this month. Speirs, which is owned by Australian private equity firm Anchorage Capital Partners, said its raise diversified the company's capital strategy, expanding its platform to support the financing of equipment, vehicles, and technology across key sectors including construction, transport, healthcare, agriculture and fleet leasing. Chief executive Michelle Herlihy said investor demand for the deal showed deep confidence in New Zealand's economy.
Scoop
18-06-2025
- Business
- Scoop
Speirs Finance Group Makes Two Senior Appointments To Drive Growth In Healthcare Finance And Fleet Leasing
Speirs Finance Group has strengthened its team with two senior hires, each tasked with accelerating growth in high-priority sectors of the business. Michelle Herlihy, Chief Executive Officer of Speirs Finance Group, says the appointments come at an exciting time as the company expands what it can offer. "Sean's deep sector knowledge will let us deliver smarter, more flexible funding to healthcare providers nationwide, while Hayley's energy and relationship skills will lift Yoogo Fleet's presence in the North. We're delighted to welcome them both." Sean Coutts becomes Commercial Manager, Healthcare, leading the newly created division within Speirs Finance that funds medical, dental and veterinary equipment. Coutts brings more than two decades of experience working with leading health-technology suppliers and is known for designing tailored capital-equipment solutions that preserve cash flow while keeping practices at the cutting edge of technology. Hayley Holt joins Yoogo Fleet, part of Speirs Finance Group, as Northern Business Development Manager from July, responsible for customer growth from Taupō north. A well-known broadcaster and former TVNZ reporter, Holt recently stepped back from media to study finance. Her remit includes partnering with clients to deliver customised fleet solutions that enhance business productivity through real-time visibility, guaranteed compliance, and optimised asset utilisation. Hayley will support organisations in streamlining their fleet operations, freeing them to focus on driving their core business forward while achieving sustainability objectives. About Speirs Finance Group: Founded in Palmerston North in 1964, Speirs Finance Group is a Kiwi-owned asset-finance specialist that partners with New Zealand businesses to fund equipment, technology and vehicle fleets through simple, flexible solutions. The Group includes Speirs Finance, focused on SME and sector-specific funding including a dedicated healthcare division and Yoogo Fleet, a nationwide vehicle-leasing and fleet-management provider founded in 2013 and recognised for its data-driven, sustainability-led approach. Yoogo Fleet was recently appointed to the All-of-Government panel, reinforcing its position as a trusted partner for both private and public sector fleet solutions.
