Chapman Tripp has advised on more M&A deals in 2018 than any other firm in New Zealand. According to Mergermarket’s Q1 M&A league tables, it was the leading New Zealand firm by deal count and value in Australasia.
Tim Tubman, head of Chapman Tripp’s corporate group, said notable deals were the sales of Shell New Zealand to Vienna-based oil and gas company, OMV for NZ$794m, Accolade Wines by CHAMP Private Equity to US-based Carlyle Group LP for AU$1b, and Icebreaker to US-based VF Corporation, which owns The North Face, Timberland and Vans, for NZ$288m.
The firm recently highlighted M&A trends for 2018 in their annual M&A trends and insights publication.
”There is a strong M&A pipeline in place, underpinned by cashed‑up private equity buyers, strategic investors with plenty of dry powder, and generally favourable economic conditions, ensuring affordable debt financing,” Tubman said.
He said key sectors to watch this year are the financial services, media, forestry, consumer and technology sectors.
“With a shortage of quality assets coming to market through traditional M&A channels, we expect a high level of takeover activity, and high premiums for fortunate shareholders to continue in 2018.”
Chapman Tripp was also named New Zealand's Most Innovative National Law Firm for 2018 at the IFLR Asia Awards earlier this year, which recognised the firm's work on significant international deals.