Grant Baker (businessman)

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Grant Baker
Grant Baker.webp
Grant Baker Portrait Image
Born1957 (age 6667)
NationalityNew Zealander
Occupation(s)Businessman, entrepreneur
Known forCo-founding The Business Bakery, 42 Below, Turners Automotive Group, and involvement with Trilogy International

Grant Baker is a New Zealand businessman, entrepreneur, [1] and venture capitalist.

Contents

Early life and education

Grant Baker was raised in Mangere, located in the south of Auckland, New Zealand, with interests in motorsports from a young age. He attended teachers' college [2] with the intention of earning an education degree but left early to pursue a career in sales.

Career

Baker's career began with newspaper ad sales before moving to office equipment sales. He is best known for co-founding the successful venture capital firm The Business Bakery. He gained attention for his role in the creation and $132 million sale of 42 Below vodka to Bacardi in 2006. [3] As a chairman and principal of Auckland-based Business Bakery, Baker played a role in the $211 million takeover of Trilogy International by Citic Capital Partners. [4]

Following the sale of Trilogy, Baker, along with his business partners, turned their attention to Me Today, an NZX-listed health and skincare company. [5] [6]

During the Global Financial Crisis (GFC), Baker's venture capital firm invested in Dorchester Pacific. [7] [8] This investment was pivotal as Dorchester evolved into Turners Automotive Group, which emerged as a notable entity in the NZ50 index. [9] Baker's role transitioned to that of a non-executive chairman and a substantial shareholder in Turners Automotive Group.

Philanthropy

After having had bowel cancer, Baker co-founded the Gut Cancer Foundation, which aims to support research and increase awareness of gut cancers in New Zealand. [10] [11]

Personal life

Baker is a car collector, known for his collection of Ferraris. [12] He has been involved in motorsport racing in Ferrari's Challenge Series [13] as well as the support of young racing drivers, including Formula 1’s Liam Lawson. [14]

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References

  1. "Big project in train for Baker's residential property fund". NBR | The Authority since 1970. 1 November 2023.
  2. "My Net Worth: Grant Baker, chairman, Turners Automotive Group and Me Today". businessdesk.co.nz.
  3. "42 Below founder to be multi-millionaire". NZ Herald. 6 March 2024.
  4. "The Business Bakery to enjoy a bigger slice of Trilogy International". NBR. Retrieved 6 November 2023.
  5. "Me Today board buys into more shares". BusinessDesk. Retrieved 6 November 2023.
  6. "Grant Baker, Geoff Ross and Stephen Sinclair purchase stake in Me Today". NBR. Retrieved 6 November 2023.
  7. "Business Leader of the Year Finalist: Grant Baker". NZ Herald. 6 March 2024.
  8. "Vodka trio move into finance company business". NZ Herald. 6 March 2024.
  9. "Turners to enter the S&P NZX 50 and MidCap Index - NZX, New Zealand's Exchange". www.nzx.com.
  10. "Supercar show raising funds to fight cancer". Stuff. 16 October 2015.
  11. Anthony, John (20 March 2015). "Businessman's Ferraris raise cancer awareness". Stuff.
  12. "Me & My Car: living life in Ferrari heaven". Driven Car Guide. 10 November 2018.
  13. "Ferrari Challenge Driver Grant Baker - Ferrari.com". www.ferrari.com.
  14. "My Net Worth: Grant Baker, chairman, Turners Automotive Group and Me Today". BusinessDesk. Retrieved 6 November 2023.