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Mergers and acquisitions

When you’re operating in the complex area of mergers and acquisitions you need specialist legal, commercial, and strategic advice you can trust.

Our team has significant experience in a wide variety of transactions for both New Zealand and international clients. We use this knowledge to deliver the best commercial results, often in high pressure situations.

Kensington Swan’s specialist mergers and acquisitions team can advise on:

  • share purchases or disposals
  • asset and business purchases or disposals
  • code company takeovers
  • contested bids
  • mergers
  • joint ventures
  • business restructures.
 

Advice at every step

We advise on all aspects of a transaction, from initial planning to post-completion. This includes the due diligence process, negotiation of the legal and commercial terms, regulatory advice, and ongoing project management.
 

Warranty and indemnity insurance

Often the most heavily negotiated aspects of large transactions relate to warranty strategies. Our team are experts with up-to-date experience in this developing area.
 

Collaborative approach

As part of a full-service law firm, our mergers and acquisitions team has immediate access to the full range of specialist legal support. We draw on the legal expertise of our colleagues in the areas of banking and finance, employment, intellectual property, information technology, property, competition, overseas investment, and tax law.

We regularly work with leading corporate financiers, merchant banks, financial advisors, and other professional advisors, to deliver value-adding strategies to our clients.
 

Recent experience


L&M Energy Limited (LME)

We advised LME on the acquisition of L&M Coal Seam Gas Limited and subsequent capital raising through a private placement and a share purchase scheme. We successfully and efficiently completed the acquisition and subsequent capital raising transactions.

This acquisition was a landmark for the growth of New Zealand’s emerging coal seam gas sector. It resulted in the largest coal seam gas company in New Zealand and raised sufficient funding to finance LME’s expected exploration costs. LME were able to immediately benefit from increased gas reserves.


Michael Hill International Limited (MHI)

We acted on the recent successful partial takeover by Hill family interests. The successful completion of the partial takeover under the Takeovers Code benefited both the shareholders and ownership structure of MHI.

MHI has great brand reputation in New Zealand and internationally. It was very important to them to provide shareholders with an opportunity to exit part of their investment for a premium price. The result benefited MHI and made for a more efficient ownership structure.


Oceania Capital Partners Limited

We acted on the sale of the Signature Security Group in 2011. The Australasian business was sold by ASX-listed Oceania Capital Partners Limited (previously Allco Equity Partners Limited) to ADT for AUD$171 million.


Unison Networks Limited

We advised Unison Networks Limited, one of New Zealand’s largest electricity network companies, on the sale of its wind farm interest to Meridian Energy Limited. This involved drafting and negotiating the asset sale agreement and the terms of an ongoing alliance arrangement for the design and build of wind farm reticulation assets thus successfully secured a favourable position for any future Meridian wind farm development in the Unison network region.


Integral Technology Group Limited

We acted for Integral Technology Group Limited in its acquisition of Axon Computers, and then for the shareholders of Integral Technology Group Limited in the sale of that company to Datacraft New Zealand Limited (a subsidiary of Dimension Data). Integral had consolidated a number of IT businesses (including Axon Computer Systems Limited) over recent years to create New Zealand's largest locally-owned, independent, privately-held IT services operation. That IT business has now been sold to Datacraft, a subsidiary of the London Stock Exchange listed Dimension Data.

 

Related legal services

Private equity and venture capital
Security markets and NZX
Takeovers
Competition and anti-trust law
Overseas investment
Banking and finance

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