23 Jul 2011

SCF stake in Scales sold

5:21 am on 23 July 2011

The receivers of South Canterbury Finance have settled the sale of an 80% stake in Scales Corporation.

Kerryn Downey and William Black of McGrathNicol sold the stock to Direct Capital Investments for $44 million.

Direct Capital is a New Zealand-based investment firm that invests in private companies.