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Equity Capital Markets
Our equity capital markets group provides a combination of experience, technical excellence, and drive.
We believe the key to success is proactive engagement with our client and its other advisers to forge a seamless unit, focused on results.
We work collaboratively with our clients, other advisers, and our debt capital markets specialists to find the best solutions for our clients' fundraising objectives.
Our specialists have been at the table for some of the most significant capital markets developments in New Zealand. We started with the development of the capital notes market through our work with Brierley Investments in the 1990s. We have worked through the IPO booms of the early to mid-2000s and are involved in many of the recent ECM transactions.
We often act on private placements, rights issues, and corporate debt/hybrid raisings. We advise on New Zealand aspects of significant international capital raising transactions.
Work Highlights
Auckland Council's sale of shares in Auckland International Airport
We advised Auckland Council on the 2023 $833 million strategic sale and block trade of 7% of Auckland International Airport. Equity Market Deal of the Year, 2024 NZ Law Awards.
We also advised Auckland Council on the 2024 establishment of the Auckland Future Fund and $1.32 billion block trade of 9.71% of Auckland International Airport.
Infratil’s acquisition of One NZ
We advised UBS, Barrenjoey and Forsyth Barr on the $850 million underwritten placement and retail offer by Infratil to fund the acquisition of the residual 50% of One NZ.
New Zealand Oil & Gas rights offer
We advised NZ Oil and Gas on its $25 million rights offer.
Oceania Healthcare block trade
We advised Craigs Investment Partners, Jarden Partners and Macquarie Securities on the $301 million block trade of shares in Oceania Healthcare.
Vista Group
We advised Craigs Investment Partners and Macquarie Securities on the $65 million placement and ANREO of shares in Vista Group International.
Wellington International Airport
We advised Wellington City Council on the $76 million underwrite of Wellington International Airport, jointly with Infratil.
Tilt Renewables
We advised Citigroup Global Markets and Forsyth Barr Group on the AU$300 million underwritten entitlement offer by Tilt Renewables.
Oceania Healthcare IPO
We advised Macquarie Capital, First NZ Capital and Deutsche Craigs on the initial public offering of Oceania Healthcare, through a dual listing on the New Zealand and Australian stock exchanges.
TCV
We advised on the $28.6 million acquisition of shares in Xero Limited from Matrix Capital Management.
Restaurant Brands
We advised Macquarie Capital on the $94 million underwritten accelerated rights entitlement offer by Restaurant Brands.
Bright Dairy & Food Company
We advised on the $98 million accelerated rights entitlement offer by Synlait Milk.
