David Richwhite
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David Richwhite
David MacKellar Richwhite (born 1948) is a New Zealand investment banker and was a partner in Fay, Richwhite & Company with Sir Michael Fay. Educated at King's College, Auckland and the University of Otago, where he graduated in 1974 with a Bachelor of Commerce degree, Richwhite's personal wealth was largely acquired during the late 1980s and early 1990s. During this period he had a significant and controversial role in the structural adjustment of the New Zealand economy undertaken by the Fourth Labour Government. Fay, Richwhite & Company was the prime focus of the "Winebox Inquiry" which dealt with, among other things, tax-avoidance arrangements in the Cook Islands. The publicity surrounding the inquiry generated considerable public ill-feeling towards Fay and Richwhite. Based in Geneva from 1998 to 2003, Richwhite now lives with his family in London. Fay Richwhite David Richwhite and Sir Michael Fay formed Fay Richwhite in 1973 which grew to become one of the leading merc ...
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Fay Richwhite
Fay, Richwhite & Company is the investment vehicle of Switzerland-based New Zealand merchant bankers Sir Michael Fay and David Richwhite. The firm was the prime focus of the "Winebox Inquiry" which dealt with, among other things, tax-avoidance arrangements in the Cook Islands. The publicity surrounding the inquiry generated considerable public ill-feeling towards Fay and Richwhite, and was one of the principal reasons for their emigration to Geneva. Fay, Richwhite were investors in the Bank of New Zealand, which was sold to National Australia Bank in 1992. Fay and Richwhite were also involved in a series of transactions between 1986 and 1993 involving their companies European Pacific Investments; Capital Markets; Fay, Richwhite; the Bank of New Zealand; Tranz Rail; and Telecom New Zealand, transactions in which they personally gained over half a billion dollars at the same time as their minority shareholders lost NZD$277 million. Fay and Richwhite also made NZD$274 million f ...
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Berkshire Partners
Berkshire Partners is an American private equity firm based in Boston. It has invested in over 100 middle market companies since 1986 through nine investment funds with aggregate capital commitments of more than $16 billion. Berkshire has developed specific industry experience in several areas including consumer products and retail, business services, communications, industrials and healthcare. The firm has invested over $50 million to $500 million of equity capital in each portfolio company. History Berkshire Partners was founded by Bradley M. Bloom, J. Christopher Clifford, Carl Ferenbach, Richard K. Lubin and Russell L. Epker in 1984. The firm traces its roots back to Boston's Thomas H. Lee Partners Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston investing in middle market growth companies across financial technology and services, healthcare and technology & business solutions. History Founded in 1974 by ..., a large-cap private equity ...
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San Diego Yacht Club
San Diego Yacht Club is a yacht club located in San Diego Bay. It is located in Point Loma across from a spit of land known as Shelter Island. Facilities The San Diego Yacht Club facility has a main dining room and outdoor deck seating, a bar, banquet space, a sailing center, a library, a swimming pool, saunas, hot tub, gym, tennis courts, and a pavilion equipped with a barbecue. There are wet and dry slips for member use for a monthly fee. The wet slips can accommodate boats up to 90 feet in length, and the dry slips are for smaller boats up to 23 feet in length. SDYC leases an outstation on Catalina Island from the Catalina Island Conservancy. The outstation is named Buffalo Beach and is located at the White's landing, Long Point area. The outstation offers resources for club members such as cabins and tents for rent, showers, stoves, bathrooms, and cooking utensils. A dockmaster tends the outstation six months a year. Fleets San Diego Yacht Club is home to multiple ...
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KZ1 (yacht)
''KZ 1'', formally called ''New Zealand'', is a one-off sailing yacht built to challenge for the 1988 America's Cup. She was designed by Bruce Farr and is constructed from a carbon fibre and Kevlar/Nomex sandwich, skippered by David Barnes and crewed by a team of 40 from the Mercury Bay Boating Club in Whitianga, New Zealand. The unexpected challenge of Michael Fay and ''KZ 1'' almost immediately after the 1987 American victory to the San Diego Yacht Club prompted syndicate head Dennis Conner to respond with an unconventional defence. Lacking time and looking to protect the planned international event in 1992, the defenders defended with one of two catamarans built for the challenge ''Stars & Stripes'' (US 1), a wing masted catamaran that Conner sailed to easily win the challenge, though most of the battle was later fought in court. ''KZ 1'' is now on display near the New Zealand Maritime Museum in downtown Auckland Auckland (pronounced ) ( mi, Tāmaki Makaurau) is ...
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1992 America's Cup
The 28th America's Cup was contested between the winner of the 1992 Citizen Cup defender selection series, America³, and the winner of the 1992 Louis Vuitton Cup challenger selection series, Il Moro di Venezia. It was the first edition of the America's Cup that was sailed on International America's Cup Class yachts. This was last Cup of the best-of-seven format held since 1930; the best-of-nine would begin in 1995, continuing through 2007. Races Crew America³ Other crew included Andreas Josenhans and Josh Belsky, Lou Varney. Il Moro di Venezia Referencesultimatesail.com External links1992 New Zealand America's Cup Challengeon Flickr by Archives New Zealand Archives New Zealand (Māori: ''Te Rua Mahara o te Kāwanatanga'') is New Zealand's national archive and the official guardian of its public archives. As the government's recordkeeping authority, it administers the Public Records Act 2005 and ... {{coord, 32, 47, N, 114, 09, W, source:kolossus-itwiki, d ...
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1988 America's Cup
The 1988 America's Cup was the 27th America's Cup regatta, and was contested between the defender, San Diego Yacht Club represented by ''Stars & Stripes H3'', and the challenger, the Mercury Bay Boating Club represented by New Zealand Challenge's ''KZ-1''. Run under strict Deed of Gift rules, the regatta was won by the San Diego Yacht club, in a two-race sweep. Challenge and response The 1988 America's Cup was the first hostile Deed of Gift challenge. Dennis Conner had won the America's Cup for the San Diego Yacht Club on 4 February 1987 at the 1987 America's Cup. In July, New Zealand banker Michael Fay went to the San Diego Yacht Club and issued a Notice of Challenge from the Mercury Bay Boating Club of New Zealand, which was based on a strict reading of the Deed of Gift. The Fay challenge stipulated that the boats to be sailed would be defined only by the details of the Deed, namely single masted yachts no more than at the waterline and that the race would be held the follow ...
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1987 America's Cup
The 1987 America's Cup was the twenty-sixth challenge for the America's Cup. The American challenger '' Stars & Stripes 87'', sailed by Dennis Conner, beat the Australian defender '' Kookaburra III'', sailed by Iain Murray, in a four-race sweep in the best of seven series. Conner thus became the first person both to lose the America's Cup and then to win it back. The series was held in Gage Roads off Fremantle, Western Australia during the Australian summer months between October 1986 and February 1987. The Royal Perth Yacht Club was the defending club and the organiser of the defence series. Yacht Club Costa Smeralda of Porto Cervo, Sardinia was appointed the challenger of record and hence the organiser of the challenger series. This was the last time that 12-metre class yachts were used in the America's Cup and the first time for 132 years that it had not been defended by the New York Yacht Club. Background The 1983 America's Cup off Newport, Rhode Island was ...
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America's Cup
The America's Cup, informally known as the Auld Mug, is a trophy awarded in the sport of sailing. It is the oldest international competition still operating in any sport. America's Cup match races are held between two sailing yachts: one from the yacht club that currently holds the trophy (known as the defender) and the other from the yacht club that is challenging for the cup (the challenger). Matches are held several years apart on dates agreed between the defender and the challenger. There is no fixed schedule, but the races have generally been held every three to four years. The most recent America's Cup match took place in March 2021. The cup was originally known as the 'R.Y.S. £100 Cup', awarded in 1851 by the British Royal Yacht Squadron for a race around the Isle of Wight in the United Kingdom. The winning yacht was a schooner called '' America'', owned by a syndicate of members from the New York Yacht Club (NYYC). In 1857, the syndicate permanently donated the tr ...
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Securities Commission Of New Zealand
The Securities Commission was an independent Crown entity of the government of New Zealand and the main regulator of investments. It was replaced on 1 May 2011 by the Financial Markets Authority. It was responsible for enforcement, monitoring and market oversight of the securities markets, authorising participants and promoting public understanding of investments. This included authorising the New Zealand Stock Exchange with which it ran a co-regulatory model. On 27 April 2010 the New Zealand minister for commerce Simon Power announced that Securities Commission would be replaced by a new integrated financial regulator the Financial Markets Authority. History The commission was first established under the Securities Act 1978 which determines its powers and functions. The commissions role was modified and extended by a number of additional pieces of legislation. These include the Securities Markets Act 1988, the Investment Advisers (Disclosure) Act 1996, the Securities Regu ...
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Winston Peters
Winston Raymond Peters (born 11 April 1945) is a New Zealand politician serving as the leader of New Zealand First since its foundation in 1993. Peters served as the 13th deputy prime minister of New Zealand from 1996 to 1998 and 2017 to 2020, the minister of Foreign Affairs from 2005 to 2008 and 2017 to 2020, and the treasurer of New Zealand from 1996 to 1998. He was a Member of Parliament (MP) from 1979 to 1981, 1984 to 2008 and 2011 to 2020. Peters was born in Whangārei, and raised in Whananāki in rural Te Tai Tokerau before attending school in Dargaville. He is of mixed parentage, his father being Māori and his mother being of Scottish descent. Widely known simply as "Winston", Peters has had a long and turbulent political career since first entering Parliament following the National Party win of the 1978 general election. Throughout his career, he has called for more focused and restrictive immigration policies. He has advocated benefits for senior citizens, critic ...
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Mercury Islands
The Mercury Islands are a group of seven islands off the northeast coast of New Zealand's North Island. They are located off the coast of the Coromandel Peninsula, and northeast of the town of Whitianga. History The Ngāti Karaua (a hapu of the Ngāti Whanaunga) and the Ngāti Hei inhabited the islands since the 14th century. A settler claimed to have bought Great Mercury Island in 1839.https://www.govt.nz/assets/Documents/OTS/Ngati-Hei/Ngati-Hei-Deed-of-Settlement-17-Aug-2017.pdf Great Mercury (Ahuahu), Kawhitu or Stanley Island and Double Island (Moturehu) where purchased and taken as crown land in 1858–65. These included Whakakapua (73 acres) and Kowhaka (21 acres) being purchased in January 1865. Despite inhabiting Ahuahu, the Ngati Hei were not consulted about this purchase. A 2017 settlement recognized the Ngāti Hei as having a legitimate claim to Great Mercury Island. Description The main chain of the Mercury Islands consists of the large Great Mercury Island (a ...
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Deutsche Bahn
The (; abbreviated as DB or DB AG) is the national railway company of Germany. Headquartered in the Bahntower in Berlin, it is a joint-stock company ( AG). The Federal Republic of Germany is its single shareholder. describes itself as the second-largest transport company in the world, after the German postal and logistics company / DHL, and is the largest railway operator and infrastructure owner in Europe. Deutsche Bahn was the largest railway company in the world by revenue in 2015; in 2019, DB Passenger transport companies carried around 4.8 billion passengers, and DB logistics companies transported approximately 232 million tons of goods in rail freight transport. The group is divided into several companies, including ''DB Fernverkehr'' (long-distance passenger), '' DB Regio'' (local passenger services) and ''DB Cargo'' (rail freight). The Group subsidiary ''DB Netz'' also operates large parts of the German railway infrastructure, making it the largest rail network in ...
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