Two Industry Leaders Purchased
On May 15, 2007, HumanWare shareholders voted to accept an offer to sell a controlling interest in the company. The purchaser is Jolimont Capital, funded by private equity from Jolimont, debt financing from ANZ National Bank, and personal investments from HumanWare's senior managers. HumanWare is based in New Zealand, and Jolimont is based in Australia. The sale price was reported to be $10.80 per share. HumanWare has approximately 3.3 million shares on issue. Its CEO is Dr. Richard Mander.