Street Talk

Here fishy, fishy: KPMG tracks buyer for NZ’s Burnsco

Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald

Updated Jul 12, 2022 – 9.45pm, first published at 9.33pm

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KPMG Corporate Finance is seeking to lure an Aussie retailer or private equity across the Tasman for fishing and boating goods retailer Burnsco.

Encouraged by a spurt of Australian companies shopping for Kiwi assets in the past year - Ampol/Z Energy, Allegro Funds/Gull, Credit Corp/Collection House NZ, etc – KPMG’s scouting for Australian buyers keen to add a meaty NZ retailer to their portfolio.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.