Craig Heatley, a prominent New Zealand multimillionaire, has taken a strategic stake in Blue Star Group, the printing firm previously under the control of Eric Watson, a businessman now facing turbulence. The acquisition surfaces during a period characterized by a subdued M&A environment, as indicated by PwC’s consultancy guidance. Although specific financial details of Heatley’s investment were not disclosed, the move marks a significant shift in ownership for Blue Star, potentially heralding a new direction for the company under Heatley’s influence. Watson, who once helmed Blue Star, witnessed the company suffer under financial strains, casting a shadow over his erstwhile business empire. The transaction involving Heatley is notable as it comes in contrast to the overall cooling in M&A deals, signaling his confidence in Blue Star’s value proposition and potential for growth or turn-around.

Mergers and Acquisitions, Consulting Services, Printing and Publishing,New Zealand