Philip Ascroft Philip Ascroft

Philip Ascroft

Senior Associate
Auckland

Corporate & commercial

Philip specialises in corporate and securities law with a particular focus on equity capital markets, mergers and acquisitions and corporate governance.

With experience on many of New Zealand's most significant recent initial public offerings (IPOs) and NZX listings and other equity capital markets transactions, Philip acts for issuers, arrangers and underwriters on all aspects of IPOs and capital raisings. He also advises on mergers and acquisitions, takeovers and other corporate law issues, including listed company compliance and corporate governance.

Philip was recognised as a Rising Star by NZ Lawyer in 2022.

Recent highlights

  • Advised Deutsche Craigs and Goldman Sachs as joint lead managers of the $234m Napier Port IPO.
  • Assisted Kathmandu with its $145m accelerated rights offer to partially fund the $368m acquisition of Rip Curl.
  • Advised Fonterra on the sale of its iconic ice cream business, Tip Top, to global ice cream manufacturer Froneri for $380m.
  • Assisted Mercury with the sale of its smart metering business, Metrix, to intelliHUB Group for $270m.
  • Advised New Zealand King Salmon and Direct Capital on the $77.5m IPO and NZX Main Board and ASX listing of New Zealand King Salmon.
  • Advised on two of the New Zealand Government's Mixed Ownership Model programme transactions: Treasury on the $736m IPO and NZX and ASX listing of Genesis Energy, and Mighty River Power (now Mercury) on its $1.7b IPO and NZX and ASX listing.

Affiliations

  • Institute of Finance Professionals New Zealand (Cert).

Philip's insights

See all insights

Philip Ascroft appointed to NZ Shareholders’ Association board

Chapman Tripp Senior Associate, Philip Ascroft has been appointed as an Associate Director to the board of the NZ Shareholders’ Association (NZSA).

Read more

Phillip Ascroft

Philip Ascroft recognised for exceptional young talent

Philip Ascroft, a highly respected senior lawyer within our market-leading equity capital markets (ECM) practice, has been recognised by NZ Lawyer as a Rising Star.

Read more

aerial shot of houses and water

Winton lands $350m with assistance from Chapman Tripp

We assisted residential land developer Winton Land Limited to raise $350m through an IPO and to list on both the NZX Main Board and the ASX.

Read more

reflective window building

A humming start to 2021 for NZ’s equity capital markets

We have observed a busy Q1, advising on all major ($5m+) equity capital market transactions on the NZX.

Read more

mexican food

My Food Bag plates up with legal experts at Chapman Tripp

Today marks a significant milestone for New Zealand well-known brand, My Food Bag, as it lists on the NZX Main Board and ASX following a successful initial public offering.

Read more

boardroom office

Over $2.35b capital raised with equity capital markets experts

Our equity capital markets team has advised clients on capital raisings totalling over $2.35b since NZX Regulation released its COVID-19 relief package.

Read more

building glass

Clients’ choice for capital raisings

Our equity capital markets team continues to be in hot demand, acting on more recent capital raisings than any other law firm in NZ..

Read more

covid 19

Six equity capital raisings in response to COVID‑19, to raise almost $2b

We have been trusted counsel on more capital raisings in response to COVID-19 than any other law firm in NZ.

Read more

surfer riding wave

Kathmandu's transformational acquisition of Rip Curl

Assisting NZX and ASX-listed Kathmandu Holdings as lead legal advisors on the NZ$368m acquisition of Rip Curl and associated debt and equity funding arrangements.

Read more

cargo ship

Chapman Tripp advise on Napier Port IPO

We advised on the NZX listing and initial public offering of shares in Napier Port, the largest IPO in NZ since 2016.

Read more

photos of senior associates who have been promoted

Nine new June appointments at Chapman Tripp

Chapman Tripp is pleased to announce the promotion of seven new senior associates, and the recognition of two senior legal advisors.

Read more

ice cream

Chapman Tripp trumpets sale of Tip Top

Advising Fonterra on the sale of its iconic ice-cream brand Tip Top to global ice cream manufacturer Froneri for $380m.

Read more

Others in the team

See all people