Corporate & commercial

Corporate & commercialCorporate & commercial

Commercial market leaders, most significant corporate deals

Chapman Tripp is home to New Zealand’s largest corporate and commercial group. We regularly act on New Zealand’s most significant corporate deals.  Our expertise spans the full spectrum of corporate and commercial law, including project managing the legal work stream on complex transactions, developing strategies, and drafting and negotiating contracts. This means our clients have lawyers who advise across their projects, delivering high value commercial results.

In addition to ‘business as usual’ contracting arrangements, we play a significant role in merger, acquisition and disposal transactions for international and New Zealand clients, including large multinationals and leading private equity players.

We advise on the full range of foreign investment matters in wider corporate transactions involving direct investment into New Zealand business or land assets.

See also Mergers & Acquisitions, Equity Capital Markets and Private Equity.

Ranked Tier One for corporate work by independent legal directories Chambers Global 2016, Chambers Asia Pacific 2016, Legal 500 Asia Pacific 2016 and AsiaLaw Profiles 2016

We have advised

  • on all four MOM transactions: we are the only New Zealand firm to have played a key role in all four of the Government’s Mixed Ownership Model programme transactions, including advising:

    – The Treasury on all aspects of the IPO and NZX and ASX listing of 49% of Genesis Energy, which raised NZ$733m. It was the final sale in the Government's Mixed Ownership Model (MOM) programme

    – the Treasury on all aspects of the sell down of 20% of the Government’s holding in national airline Air New Zealand for NZ$365m by way of block trade through broker networks and to institutional investors

    – The New Zealand Guardian Trust Company and The Trust Company (Australia) on their role as instalment receipt trustee for the NZ$1.88b IPO and NZX and ASX listings of Meridian Energy, New Zealand’s largest ever IPO, and

    – Mighty River Power on all aspects of its NZ$1.7b IPO and NZX and ASX listing, Australasia’s “IPO of the Year” in 2013 according to the Australian Financial Review
  • Z Energy, and its shareholders Infratil and the New Zealand Superannuation Fund, on all aspects of its NZ$840m partial IPO and associated NZX and ASX listings, New Zealand’s largest IPO outside of the Government’s MOM programme of the last decade
  • EBOS Group on its NZ$1.1b acquisition of Australian health company Symbion, which included a NZ$239m placement and rights issue and an ASX listing – NZ’s largest M&A transaction of 2013
  • News Corporation on its sale of its 43.6% stake in Sky Network Television for NZ$815m, through New Zealand’s largest ever market block-trade
  • Transpacific Industries on the NZ$950m sale of its New Zealand business to a wholly owned subsidiary of the Beijing Capital Group
  • a Japanese consortium (Tokyo Stock Exchange-listed packaging company Oji Holdings Corp, and INCJ – a Japanese corporate investor, sponsored by the Japanese government and private enterprise) on its 100% acquisition of Carter Holt Harvey’s pulp and paper and packaging businesses for NZ $1.037b
  • on almost all of New Zealand's growth company IPOs of 2013 including: Airwork’s NZ$40m IPO, Wynyard Group’s NZ$65m IPO, SLI Systems’ NZ$27m IPO, and Craigs Investment Partners as underwriter and lead manager of the 2013 reverse listing of the Mad Butcher, through a NZ$25m offer of shares by Veritas Investments
  • BlueScope Steel, Australia’s largest steelmaker, on its NZ$120m acquisition of Fletcher Building Limited’s Pacific Steel Group assets
  • ASX-listed Arowana International on the IPO of its Australasian education business, Intueri Education Group. In connection with the IPO, Intueri Education Group has listed on both the NZX Main Board and the ASX. The IPO values Intueri Education Group at NZ$235m
  • on the merger of NZSX listed Property For Industry (a listed PIE fund) and Direct Property Fund (a widely held but unlisted PIE Fund). This was the first merger of a listed and unlisted PIE in New Zealand
  • The Warehouse Group, New Zealand’s largest retailer, on a series of acquisitions: Noel Leeming, Torpedo 7, R&R Sport, No.1 Fitness, Shotgun Supplements, Diners Club NZ, Shop HQ and SchoolTex
  • Shanghai Pengxin in forming and negotiating an incorporated joint venture vehicle with Juliet Maclean and John Penno (SFL Holdings) and acted for SFL Holdings in its NZ$87.5m full takeover offer for Synlait Farms
  • Quadrant Private Equity on the sale of Seniors Money International’s home equity release businesses (HER) in New Zealand and Australia to Heartland New Zealand for NZ$87m in cash and shares
  • Southern Pastures Limited Partnership (New Zealand’s largest domiciled and managed agricultural fund) on a range of matters, including corporate governance, bank facility and custody arrangements, negotiations with institutional investors and various successful consent applications under the Overseas Investment Act for the acquisition of farms in the Canterbury and Waikato regions.
  • Foodstuffs Wellington on its merger with Foodstuffs Auckland to form Foodstuffs North Island, one of New Zealand’s largest FMCG businesses, and a market leader in grocery retailing and wholesaling under three major New Zealand grocery brands – PAK'nSAVE, New World and Four Square

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