Equity Capital Markets

Our equity capital markets group provides a combination of experience, technical excellence, and drive. This enables us to deliver results.

Our approach is co-operative. We believe the key to success is proactive engagement with our client and its other advisers to forge a seamless unit, focused on results. We work collaboratively with our clients, other advisers, and our debt capital markets group, to find the best solutions for our clients' fundraising objectives.

Our specialists have been at the table for some of the most significant capital markets developments in New Zealand. We started with the development of the capital notes market through our work with Brierley Investments in the 1990s. We have worked through the initial public offering boom of the early to mid 2000s and the recent spate of cornerstone investments in major New Zealand companies.

Initial public offerings have always been a key practice area. We are experienced in preparing companies for flotation. We have been associated with some of the most successful initial public offerings of recent times, including Pumpkin Patch, Gullivers Travel Group, and Methven.

We often act on private placements, rights issues, and corporate debt/hybrid raisings. We advise on New Zealand aspects of significant international capital raising transactions.

Our Experience

  • Agria Corporation (a NYSE listed Chinese agriculture business) -
    $120 million investment in PGG Wrightson as part of its $250 million capital raising, and associated strategic co-operation agreement between Agria and PGG Wrightson
  • Haier Group Corporation - $80 million investment in cornerstone shareholding in Fisher & Paykel Appliances through a placement, rights issue and top-up
  • Guinness Peat Group - $215 million capital note rollover
  • Methven - rights issue, institutional placement and subsequent acquisition of Deva Tap Company (UK)
  • Gullivers Travel Group - $160 million initial public offering and listing on both NZX and ASX
  • Pumpkin Patch - $100 million initial public offering and listing on NZX, including private equity sell-down
  • Methven - initial public offering and listing on NZX
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