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.
Banking and finance in New Zealand
Bell Gully
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.’
Highlight-Mandate
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.‘