We’re proud to congratulate our client, Lodestone Energy, on its success at the 2023 Institute of Finance Professionals New Zealand (INFINZ) Awards. Lodestone won Mid-market Equity Transaction of the Year and Mid-market Debt Transaction of the Year for its Series B capital raise and subordinated debt financing transaction.

The INFINZ Awards recognise innovation and excellence in New Zealand's financial sector ecosystem and is the leading program for the industry.

Corporate and Commercial Partner, Michael Sage says: “It’s great to be part of a broader finance community that not only recognises, but also celebrates excellence. Having had the privilege to advise on the winning transactions in both the mid-market debt and the mid-market equity categories is truly an honour. We advised Lodestone throughout its journey – from absolute start up to becoming the developer of NZ’s first utility-scale solar farms, across 5 North Island sites. It was great for the wider Simpson Grierson team to be able to contribute, alongside the Lodestone management team and its other advisers, to an innovative, landmark deal of this type – where the debt and equity components were just two of many interlocking parts. “

The Simpson Grierson team advising Lodestone was led by Partner Michael Sage and included Partner Josh Cairns, Special Counsel Rob Macredie and Senior Associate Edward Norman. Congratulations to the team at Jarden who provided advice on the equity and debt structuring and to everyone involved.