Banking and finance in New Zealand

Bell Gully

Bell Gully‘s banking and finance team continues to advise a number of leading financial sponsor clients, both private equity and infrastructure sponsors, and their lending syndicates on a range of acquisition and refinancing transactions. The team is particularly noted for its strength in the securitisation market, as well as debt capital market matters and real estate finance. The team is led by practice head Jennifer Gunser, who handles significant matters in the securitisation market. The team further includes experienced individuals, Murray King, who regularly advises major corporates and bank lenders, alongside David McPherson, who is well regarded in acquisition finance and debt restructurings.

Praxisleiter:

Jennifer Gunser


Weitere Kernanwälte:

Murray King; David McPherson; Sarah Anderson-Butler; Sam Dykes; Finnbahr Boyle


Referenzen

‚We regularly work with the Bell Gully finance team on international mandates that have a New Zealand nexus.‘

‚Finnbahr Boyle is a standout in the team and is one of the leading banking and finance lawyers in the New Zealand market.‘

‚Finn is known for his strategic thinking and ability to distil complex issues into clear, actionable advice. His judgment and attention to detail inspire confidence and are appreciated by both instructing counsel, clients and stakeholders in any deal.‘

Kernmandanten

Huatai Private Equity Investment Management Limited


Ryman Healthcare Limited


BlackRock


Stonepeak Partners


Brookfield & Tainui Group Holdings joint venture


Air New Zealand


ANZ Bank New Zealand


ASB Bank Limited


Igneo Infrastructure Partners


Fletcher Building Limited


JP Morgan


Reserve Bank of New Zealand


Vector


SkyCity


The New Zealand Guardian Trust Company Limited


Bank of New Zealand


Metlifecare Limited


New Zealand Green Investment Finance Limited


One New Zealand (previously Vodafone New Zealand)


National Infrastructure Funding and Financing (previously CIP)


Vital Healthcare Property Trust


Tainui Group Holdings


Synlait Milk Limited


Stride Property Group


Fisher & Paykel Appliances


Motor Trade Finance


Tamaki Health


Top Energy Limited


Highlight-Mandate


  • Advised Stonepeak Partners on all aspects of the $1.075 billion debt funding and hedging arrangements to fund the US private equity firm’s takeover of retirement village operator Arvida Group Limited (Arvida) by way of a court-approved scheme of arrangement for NZ$1.25 billion.
  • Bell Gully advised Contact Energy on the NZ$900 million financing for its NZ$1.86 billion acquisition of NZX-listed Manawa Energy through a court-approved scheme of arrangement.
  • Bell Gully advised Ryman Healthcare, New Zealand’s largest retirement village provider, on the financing aspects in relation to its recent recapitalisation process, involving a restructuring of its bank facilities and institutional term loan alongside a NZ$1 billion equity raise.

Buddle Findlay

The banking and financial services team at Buddle Findlay regularly acts on a range of matters throughout the market. The group acts on high-profile transactions, acting for major banks operating in New Zealand as well as non-bank lenders and debt advisors, prominent corporate borrowers, and their sponsors. With demonstrated capabilities, the team is recognised for its expertise in acquisition and leveraged finance matters, as well as project and infrastructure finance. Paul Farrugia leads a dedicated team with expertise in syndicated lending and development finance. Daniel Collins is noted for his work on leveraged finance transactions and cross-border matters.

Praxisleiter:

Paul Farrugia


Weitere Kernanwälte:

Daniel Collins; Miriam Andrews; Will Hunnam


Referenzen

‚The team provide a very commercial approach. This simplifies complex concepts.’

‘Will Hunnam and Daniel Collins – very professional. Accessible. Explains legal in simple, layman’s terms.’

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Chapman Tripp

Chapman Tripp‘s finance team is regularly engaged by a range of clients throughout the banking and finance industry. The group works with clients including local and international banks, as well as market-leading issuers, investors, and trustees. The practice evidences strong capabilities in specialised finance areas such as sustainable financing, syndicated lending, and debt capital markets. Gerard Souness leads the national finance practice, advising both domestic and international clients on debt transactions. The team further includes Cathryn Barber, who is noted for her focus on syndications and property financing, as well as Emma Sutcliffe, Mark Reese, and Luke Ford.

Praxisleiter:

Gerard Souness


Weitere Kernanwälte:

Cathryn Barber; Mark Reese; Emma Sutcliffe; Luke Ford


Referenzen

‚Dedicated, professional team, which has a deep understanding of the market and our business.‘

‚Luke Ford has been a long-time great support to our business. He is always the go-to person when we require any legal advice or assistance on the debt capital market.‘

‚The Chapman Tripp banking and finance team has a great depth of knowledge and is incredibly responsive to our often demanding requirements.‘

Kernmandanten

Challenger Life Company


China Construction Bank (New Zealand) Limited


Mercury NZ


Vincent Capital


Beca Group


New Zealand Guardian Trust


ANZ Bank


Bank of New Zealand


Powerco


Winton Land


Westpac New Zealand Limited


Highlight-Mandate


  • Advised Mercury NZ on New Zealand’s largest ever corporate capital bond, a $350m issuance.
  • Advised Powerco on all matters in relation to its debt funding programme.
  • Advised the senior funders to an SPV (Kimihia Number 3 Limited) held by Te Rūnanga o Toa Rangatira Incorporated to purchase and lease back 31 public schools, equating to approximately 80 hectares in the Upper Hutt Region worth over $250m from the Ministry of Education.

MinterEllisonRuddWatts

MinterEllisonRuddWatts‘ banking and finance team advises all of New Zealand’s major trading banks, with expertise in the retail and commercial banking sectors. The team also assists other banks, large global financial institutions, private credit funds, corporates, and governments. The practice is noted for its expertise that covers bank regulation and compliance, infrastructure, leverage, private capital finance matters, and securitisation. Kate Lane is noted for her practice acting for both borrowers and financiers, while Allison Hancock brings an international perspective, assisting banks and private credit providers. The team further includes the experienced Chris O’Brien, while key support is provided by Simon Gray and Emma Geard.

Weitere Kernanwälte:

Kate Lane; Chris O’Brien; Allison Hancock; Simon Gray; Emma Geard


Referenzen

‘Commercial acumen. Timely engagement and response. Logical and practical approach to documentation and structures.’

‘In my experience I have found MERW to be exceptional partners – providing not just expert advice and support (timely, accurate, value-adding etc), but proactive suggestions on alternatives. They are not order takers, and instead provide options, not thought of by the business, to solve complex issues and opportunities.’

‘The Banking and Finance team at MinterEllisonRuddWatts is the stand-out team for me at MinterEllisonRuddWatts . Easy to work with and experts in their field.’

Kernmandanten

American Express


ANZ


ASB


Bank of New Zealand


The Carlyle Group


Five V Capital


Global Loan Agency Services Limited


The Hongkong and Shanghai Banking Corporation


Ministry of Business, Innovation and Employment


Rabobank


The (New Zealand) Treasury


Westpac


Highlight-Mandate


  • Advised Amicaa, The Carlyle Group and ASB Bank on all aspects of their NZ$140 million secured senior debt package to finance a management buyout of New Zealand’s leading independent fuel retailer, NPD.
  • Advising the mandated lead arranger banks in connection with the $1.7 billion syndicated financing of One NZ.
  • The primary advisers to Tourism Holdings Limited on its NZD475m refinancing of its corporate debt facilities.

Russell McVeagh

The banking and finance team at Russell McVeagh advises on the vast majority of large bank funding work. The team is noted for its strong capabilities in project finance, leveraged finance, private equity, and sustainability-linked green borrowing. Deemple Budhia chairs the practice group and is a specialist in debt capital markets, Jesse Fairley acts as deputy chair and focuses on acquisition and leveraged finance, as well as complex syndicated lending matters. The team also features Guy Lethbridge, who brings considerable experience in the regulation of banks and insurers, alongside John Powell, who is noted for his knowledge of sustainability lending. David Weavers is noted for his work in the growing non-bank lending and alternative credit segment.

Praxisleiter:

Deemple Budhia; Jesse Fairley


Weitere Kernanwälte:

Guy Lethbridge; John Powell; David Weavers; Ling Yan Pang; Richelle Go Ocao; Fred Ward


Referenzen

‚You always know Russell McVeagh’s banking & finance team will meet transaction/advice timelines and deliver quality/professional work.‘

‚I’ve valued the relationship building and networking opportunities that are consistently delivered. It helps to engage quickly and commercially on matters when they arise. I also find the team friendly, commercial, and have a problem-solving/value-add mindset.‘ 

‚Russell McVeagh is distinguished by its leading securitisation expertise, cross-team collaboration, and deep understanding of our business.‘

Kernmandanten

ANZ Bank NZ Limited


UDC Finance Limited


Bank of New Zealand Limited


Genesis Energy Limited


Westpac New Zealand Limited


National Australia Bank Limited


PEP Capital Solutions


Meridian Energy Limited


Scentre Group Limited


Highlight-Mandate


  • Acted as New Zealand counsel to ANZ Bank New Zealand Limited, its non-operating holding company ANZ Holdings (New Zealand) Limited, and Australia and New Zealand Banking Group Limited, in relation to the issue of NZ$866,720,000 perpetual preference shares and the back-to-back issue of perpetual subordinated notes to wholesale investors.
  • Advising Genesis Energy, one of New Zealand’s largest electricity generators, on the structuring and implementation of its bespoke ‚Huntly Firming‘ electricity swaption derivative product, one of the most complex structured finance derivative products to be offered in the New Zealand market.
  • Advised Bank of New Zealand (as agent, security trustee and lender) and the banking syndicate in relation to the full refinancing of a strategic commercial real estate limited partnership between Precinct Properties NZ and Singapore sovereign wealth fund GIC.

Mayne Wetherell

Mayne Wetherell‘s banking and finance team acts for a range of clients, including domestic and international borrowers and lenders, infrastructure companies, and a portfolio of private equity firms. The team is well known for its expertise in debt capital markets, securitisation, and leveraged buyouts. Will Tipping spearheads the practice, with a particular focus on acquisition financing and special situations. Elsewhere, Mei Nah focuses on acting for corporate borrowers, while Daniel Meikle has a broad range of experience across funding structures. The team further includes Dave Wetherell and Cameron Peachey, who is noted for his work with originators, financiers, and trustees participating in the securitisation market.

Praxisleiter:

Will Tipping


Weitere Kernanwälte:

Dave Wetherell; Daniel Meikle; Mei Nah; Cameron Peachey


Referenzen

‚Very strong technically, with the depth and breadth to support the broad spectrum of complex financing transactions, which we look at.‘

‚We work mainly with Daniel Meikle, who is technically very strong and has the depth and breadth of legal and product knowledge necessary to support the wide variety of complex financing transactions which we look at in the NZ market. Daniel is very thorough and hands-on, which is necessary in the types of transactions we deal with.‘

‚Will Tipping has a great mix of superb technical skill, but is also an experienced „win-win“ negotiator. He is a lawyer plus a debt advisor.‘

Kernmandanten

Anchorage Capital Partners


ASB Bank Limited


Auckland International Airport


Auckland Council


Avanti Finance Limited


Bank of New Zealand


Blue Planet Environmental Solutions Pte Ltd


Channel Infrastructure


Deutsche Bank


FleetPartners Group Limited


Fonterra Co-operative Group Limited


Goldman Sachs


KKR


Latitude Financial Services Limited


Société Générale


The Todd Corporation Limited


Transpower


Vulcan Steel Limited


Westpac New Zealand Limited


Highlight-Mandate


  • Advised ASB Bank Limited and Kiwibank Limited on the financing arrangements to support the management buy-out of NPD Limited.
  • Advised Vulcan Steel Limited on the refinance of certain of its banking facilities with a value of NZ$390m and A$20m.
  • Advised the lending syndicate of ANZ, ASB, and Westpac in respect of financing Five V’s acquisition of Habit Health Group.

Simpson Grierson

Simpson Grierson‘s banking and finance team has considerable breadth and depth of expertise in New Zealand’s financing deals. The team is best known for its work in leveraged and acquisition finance, debt capital markets, and work related to M&A private equity transactions. Further, the group demonstrates experience in real estate finance, institutional finance, and project and infrastructure finance matters. Josh Cairns spearheads the practice, with a focus on infrastructure financing. Further, Andrew Harkness regularly advises both lenders and borrowers on complex real estate financing matters, while Dominic Toomey is noted for his knowledge of acquisition financing and the implementation of sustainable financing products.

Praxisleiter:

Josh Cairns


Weitere Kernanwälte:

Andrew Harkness; Dominic Toomey; Stuart Evans


Referenzen

‚Extremely capable team with the ability to multi-resource large transactions often under tight time frames. Excellent oversight by the partner involved. Practical commercial advice is given, and the team takes a solutions approach as opposed to simply pointing out a problem.‘

‚Extremely proactive and great communication.‘

‚Deep understanding of the bank’s requirements and very easy to work with, great at picking up the phone and having a conversation.‘

Kernmandanten

ASB Bank


ANZ Bank


Arena Global Investors


Bank of China Ltd


Bank of New Zealand


Bank of Queensland


China Construction Bank (New Zealand) Limited


Commercial Bank of China


Commonwealth Bank of Australia


Coöperatieve Rabobank U.A.


Dunedin City Treasury Limited


Heartland Bank Limited


Hong Kong and Shanghai Banking Corporation (HSBC)


Industrial and Commercial Bank of China (New Zealand) Limited (ICBC)


Infrastructure Holdings Limited


ING Bank N.V


Kiwibank


Mount Capital


MUFG Bank, Ltd


National Australia Bank Ltd


Private Capital Group


Pallas Capital


Sumitomo Mitsui Banking Corp Ltd


The Treasury (New Zealand Government)


United Overseas Bank


Watercare


Westpac New Zealand


Highlight-Mandate


  • Advised Watercare Services Limited on its financial separation from Auckland Council, which included setting up a groundbreaking security structure to support a multi-creditor debt platform and the establishment of its NZ$7billion independent debt capital raise programme.
  • Advised the sponsor on one of only two known unitranche deals supported by private credit in the New Zealand market in this period.

Anderson Lloyd

Anderson Lloyd‘s banking and finance team is especially well known for its strength in the project finance and corporate finance areas. The practice advises a range of clients, including foreign law firms, banks, and borrowers on significant cross-border financing transactions. Geoff Busch spearheads the practice, specialising in acquisition, project, and structured finance matters. Emma Kerr is noted for her expertise in leveraged finance, as well as property and development finance matters.

Praxisleiter:

Geoff Busch


Weitere Kernanwälte:

Emma Kerr; Ben Johnstone


Referenzen

‚Good access to senior staff, commercial approach, and advice to close out transactions quickly.‘

‚Emma Kerr has a commercial approach and provides innovative advice to close out transactions quickly. Emma is good at suggesting resolutions that address key issues.‘

‚Geoff Busch provided excellent advice that helped us focus on and resolve priority issues quickly, was highly proactive and solutions-focused, highly responsive, and managed client expectations on time and cost very well.‘

Kernmandanten

Harmony Energy NZ Limited


Ranui Generation Limited


Maungaturoto Solar Farm Project LP


Rockit Global Limited


Magic Memories Group Holdings Limited


Commonwealth Bank of Australia & Bank Of New Zealand


Westgate Town Centre (2017) Limited


Farmlands Co-operative Society Limited


Bank of China (New Zealand) Limited & Bank of China Macau Branch


IHC New Zealand Incorporated


ANZ Bank New Zealand Limited


Pioneer Capital Private Debt I LP


Theland Tahi Farm Group Limited


Mt Cardrona Station Developments Limited


Vitol Asia Pte Limited


ASB Bank Limited


Bank of New Zealand


Westpac New Zealand Limited


Eastland Estate Limited


Highlight-Mandate


  • Advised Westpac on the portfolio project financing of the Pukenui and Edgecumbe Solar Farms.
  • Advised Harmony Energy NZ on the project financing of the 202MWp Tauhei Solar Farm.
  • Advised Farmlands on the syndicated financing of its acquisition of Seales Winslow.

Anthony Harper

The banking and finance team at Anthony Harper has specialist industry knowledge throughout the industry. The practice is particularly noted for its handling of cross-border international financing transactions, including matters concerning leveraged finance, project finance, and syndicated corporate facilities. Nick Summerfield heads the team, while Nigel Oliver is noted for his extensive experience in the agriculture and agribusiness sectors. Furthermore, Grant Goldsmith brings specialised knowledge of leveraged acquisition finance, and Alice Von Batenburg receives numerous offshore instructions.

Praxisleiter:

Nick Summerfield


Weitere Kernanwälte:

Grant Goldsmith; Nigel Oliver; Alice von Batenburg


Kernmandanten

ASB Bank Limited


Bank of China Limited


Bank of New Zealand


First Mortgage Managers Limited


HP Capital Ltd


Kiwibank Limited


Mainland Capital Ltd


Maxcap Group New Zealand


Westpac New Zealand Limited


Highlight-Mandate


  • Acting for NPD Retail Limited, in connection with the management buy-out of its majority shareholding.
  • Acting for the South Island Office as the purchaser of the Whakapapa ski field assets, which involved a secured facility from the Crown and a novation of the vendor’s existing bonds.
  • Acting as local counsel for a syndicate of Canadian-based lenders on a credit facility to be advanced for the acquisition of the New Zealand medical software company Orion Health.

DLA Piper New Zealand

DLA Piper New Zealand‘s finance team handles a wide range of financing transactions and financial regulatory work. The practice is noted for its growing expertise in the renewable energy market, alongside its established offering in the technology sector. Michael Thompson heads the team, with expertise in leveraged and acquisition finance, as well as property and development finance. Rachel Brown is well-regarded for her renewable finance expertise, while Jacob Nutt provides key support to the team.

Praxisleiter:

Michael Thomspon


Weitere Kernanwälte:

Rachel Brown; Jacob Nutt


Referenzen

‚They ensure I am well-informed and have great knowledge of market norms.‘

‚Michael Thompson & Jacob Nutt are both super approachable and I feel like I can have frank conversations about any matters that are frustrating me, and they lend an understanding ear and seek to address.‘

‚Rachel Brown is knowledgeable, client-focused, pragmatic, and proactive. Her focus, together with that of her team, on delivering clear advice that enables optimal outcomes in appropriate timeframes is excellent.‘

Kernmandanten

New Zealand Green Investment Finance


Aquila Clean Energy APAC Pte Ltd


Mitre 10 New Zealand Limited


Foodstuffs North Island Limited


Bank of China Limited


Accel – KKR


Westpac New Zealand Limited


ASB Bank Limited


Bank of Queensland


Bank of New Zealand


Auckland Council


Highlight-Mandate


  • Acted for Accel-KKR and Unimarket in connection with the acquisition of VendorPanel.
  • Acted for the project entities in which Aquila has invested on an ongoing basis in connection with New Zealand law aspects of its debt facilities with Westpac New Zealand.
  • Acted for Auckland Council on the grant funding arrangements with St James Holdings Limited. This grant funding is being provided to refurbish the historic St James Theatre in Auckland.

Lane Neave

The banking and finance practice at Lane Neave regularly acts for a range of clients throughout the industry. The group is highly regarded for its key areas of expertise, including transactional work, debt recovery and restructuring, regulatory compliance, and a particular focus on the aviation industry. Evelyn Jones heads the practice and brings deep expertise in securitisation, structured finance products, as well as the aviation and real estate sectors.

Praxisleiter:

Evelyn Jones


Referenzen

‘The team is responsive and has the expertise to get the job done quickly and accurately and with minimum fuss.’

‘Evelyn Jones is easy to deal with and approachable, which makes dealing with her and her team a pleasure.’

‚Ready availability, ability to understand our issues and to respond to our needs professionally. ‚

Kernmandanten

Bank of New Zealand


ANZ Bank of New Zealand Limited


Commonwealth Bank of Australia


Bank of China


China Construction Bank


Vincent Securities Limited


Service Foods Limited


Public Trust


Unity Credit Union


Limelight Financial Services Limited


BT Mining Limited


Ticketek Group


Archer Memorial Baptist Home Trust


Highlight-Mandate


  • Acted for the Limelight Group on the restructuring of a securitisation programme, amendments to an investor note programme, group recapitalisation involving a debt-to-equity conversion, and the sale of assets with intercreditor considerations cutting across all workstreams.
  • Acted for a leading bank on the refinance and expansion funding of a nationwide self-storage business, with a facility secured over its existing portfolio and structured to support the acquisition of new storage sites across New Zealand.

Dentons New Zealand

Dentons New Zealand‘s banking and finance team covers the full range of local and cross-border transactional work. With particular areas of experience and expertise in real estate finance, acquisition finance, structured finance, and debt capital markets. Liz Lim spearheads the practice, acting for borrowers, lenders, agents, trustees, and supervisors.

Praxisleiter:

Liz Lim


Weitere Kernanwälte:

Joshua Jones


Referenzen

‚Dentons‘ team consistently delivers an exceptional standard of service that sets them apart in the legal market. What makes this practice unique is their deep understanding of the banking sector and their ability to anticipate issues before they arise.‘

‚Communication is a standout strength. They are clear, timely, and always approachable. No question is ever treated as too small or too basic.‘

‚Liz Lim and her team are outstanding. They are not only experts in their field but also personable, pragmatic, and easy to work with.‘

Kernmandanten

Te Rūnanga o Toa Rangatira


Pro-invest Group


Highlight-Mandate


Vince&Rice

Vince&Rice is a specialist banking, finance, and restructuring law firm, advising both domestic and offshore clients on all aspects of financing and restructuring transactions. John-Paul Rice spearheads the practice, with key support from Teressa Macbeth.

Praxisleiter:

John-Paul Rice; Teressa Macbeth


Referenzen

‚Cutting edge, pragmatic, solutions focused.‘

‚John-Paul Rice exceptional. Very responsive and great client service. Always looking for solutions.‘

‚The team at Vince & Rice stands out for their exceptional responsiveness, strategic thinking, and innovative approach to legal services. From the outset, they’ve demonstrated a deep understanding of our needs, offering smart, tailored advice that consistently adds value.‘

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