Chapman Tripp is the only New Zealand law firm to place in Mergermarket's top 15 rankings for M&A deal value and count in Australasia in 2016, according to the report, Global and regional M&A: Q1-Q4 2016.
Some of the notable deals Chapman Tripp acted on in 2016 include advising NZME on its demerger from APN News & Media, Vector on the $952.5 million sale of its gas transmission pipeline business to First State Investment funds, Academic Colleges Group (ACG) and its shareholders on the sale of ACG to Pacific Equity Partners and NZ Post on its sale of 47% of the Kiwibank Group to the New Zealand Superannuation Fund and the Accident Compensation Corporation.
“As anticipated, it was a strong finish to a year of robust M&A activity; the hallmarks of which included strong strategic takeover activity, steady and significant Chinese direct investment into New Zealand, improved Overseas Investment Office (OIO) consent process and a pick-up in private M&A activity," said Tim Tubman, head of the firm's corporate practice.
“While international uncertainties such as Brexit and Trump may affect M&A levels globally in 2017, New Zealand companies are still showing a healthy appetite for deals, so we expect to see larger deal volumes continue in the first half of 2017."
This ranking follows the firm's success in 2016, which included winning Large Law Firm of the Year at the 2016 New Zealand Law Awards, as well as NZ Deal Team of the Year at the 2016 Australasian Law Awards.