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Administrators are looking to sell the company to local or international buyers.

Nanolayr’s manufacturing facility in Mangere Bridge.

An Auckland-based nanofibre textile company with backing from well-known venture capital firms, has been placed into voluntary administration.

Nanolayr, which was founded in 2009, appointed Stephen Keen and Russell Moore of Grant Thornton as administrators on Thursday.

Grant Thornton NZ said voluntary administration was due to a number of factors, including New Zealand being too far from key markets, and as Nanolayr could not get enough investment to reach “commercial revenue scale needed to become profitable”.

Nanolayr had well-known backers, including Movac Fund, Icehouse Ventures, Sir Stephen Tindall’s K1W1, and Ngāi Tahu.

The administrators were seeking expressions of interest from potential…

This year, seven MLT Aikins partners have been recognized as leading lawyers in the Lexpert Special Edition: Insolvency & Restructuring 2025. 

This Lexpert Special Edition features Lexpert-ranked lawyers who practice corporate restructuring and insolvencies. It also features editorial articles discussing market trends in insolvency and restructuring as well as legislative developments and significant cases.  

Please join us in extending congratulations to: 

J.J. Burnell 

Based in Winnipeg, J.J. practices in the area of corporate recovery and insolvency law. J.J. provides advice regarding corporate recovery strategies, debt restructuring, arrangements under the Companies’ Creditors Arrangement Act,…

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