<article>New Zealand-based private equity firm <a href="https://www.dealstreetasia.com/tag/Direct-Capital/">Direct Capital</a> has announced an undisclosed amount of investment in local engineering and management consultancy firm Beca.</article>

New Zealand-based private equity firm <a href="https://www.dealstreetasia.com/tag/Direct-Capital/">Direct Capital</a> has announced an undisclosed amount of investment in local engineering and management consultancy firm Beca.
The investment by Direct Capital is made in exchange for a minority shareholding in employee-owned Beca, per an official announcement.
Founded in 1918, Beca provides consultancy services across key sectors including advisory, building, industrial, transport and infrastructure, and water. With over 3,300 employees across 20 offices across the Asia Pacific, Beca is described as one of New Zealand’s most iconic private companies.
One of the company’s features that attracted Direct Capital to the investment is Beca’s employee ownership structure in which more than 1,000 staff are shareholders. Direct Capital said the feature is closely aligned to its core investment principle of aligning investment and company strategy through shareholder partnership.
This investment represents Direct Capital’s fifth investment from its 2017 $375-million Direct Capital V fund following earlier investments into AS Colour, Perpetual Guardian, Marvel Packers and Exact Radiology.
The latest deal comes just over a week after Direct Capital announced its acquisition of a minority stake in Qestral Corporation, an operator of retirement villages in the country for a minority stake.
Established in 1994, Direct Capital has raised more than $1.2 billion and invested in more than 70 companies.
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The investment represents the PE firm's fifth investment from its $375-million Direct Capital V fund.

NZ-based Direct Capital acquires minority stake in consulting firm Beca

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NZ-based Direct Capital acquires minority stake in consulting firm Beca

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