DLA Piper New Zealand delivers quality, commercial and practical advice to leading national and international companies in New Zealand. We offer the full range of corporate and commercial legal services.
Our team is highly experienced, a veteran of corporate activities such as mergers and acquisitions (M&A), initial public offerings (IPO), joint ventures, compliance, venture capital, due diligences, and capital raising. We have a reputation for sound advice in complex and challenging business matters.
DLA Piper has one of the largest corporate advisory teams in the world covering legal and business guidance in all aspects of commercial activities. Through this, DLA Piper serves some of the world's leading organisations in New Zealand, across multiple jurisdictions.
DLA Piper advice is in-depth and pro-active. We have an understanding of specific issues in a wide range of sectors and industries. We work as a partner in your business, to understand your company and provide the best advice to meet your commercial goals.
Foodstuffs North Island Limited
DLA Piper New Zealand advised on the largest corporate merger in New Zealand in 2013, of Foodstuffs (Wellington) Co-operative Society Limited and Foodstuffs (Auckland) Limited to create Foodstuffs North Island Limited, making them one of the three largest business entities in New Zealand. The merger involved consultation with the Financial Markets Authority, Commerce Commission, Takeovers Panel and Reserve Bank and also involved restructuring a funding package in the vicinity of NZ$992 million.
DLA Piper New Zealand advised the Ingersoll-Rand group in an internal re-organisation which culminated in the transfer of the IR Group's commercial and residential security businesses to Allegion (a newly listed entity). This referral from Baker & McKenzie (US) was a cross-border transaction involving multiple jurisdictions (ie wherever there is an Ingersoll-Rand subsidiary) with a scope of US$2 billion.
Shareholders of Media Transfer Services Limited and BankLink Pty Limited
DLA Piper New Zealand advised on the sale of all of the shares in Media Transfer Services Limited and Australian entity BankLink Pty Limited to MYOB Finance NZ Limited, a Bain Capital entity. This transaction required a group restructure to carve-out the UK Business, which has been retained by one of the sellers, and involved multi-jurisdictional negotiations between parties in New Zealand, Australia and Hong-Kong.
Shareholders of Bell Tea & Coffee Company Limited
DLA Piper New Zealand advised on the sale of all of the shares in Bell Tea & Coffee Company Limited to BTCC Finance Limited. This required the renegotiation of an important exclusive distribution agreement, ongoing trading terms between the target and the sellers, the sale and lease back of a number of properties, and the complications of a partial management buyout.
The National Trading Company of New Zealand Limited
DLA Piper New Zealand advised The National Trading Company Limited on the purchase all of the shares in in RPH (2006) Limited and RPH No.4 Limited. DLA Piper advised Foodstuffs North Island Limited as it made accelerated rental payments to the rental receivable entities.
DLA Piper New Zealand advised Tata Steel on the sale of 100% of shares of Tata Steel International (Australasia) Limited to Steel & Tube Holdings Limited. Part of the business is dependent on intellectual property owned (and retained) by Seller group, requiring negotiation and documentation of formal licence arrangements going forward. The deal was structured as an insured deal (ie warranty and indemnity insurance was obtained).
Insight Global Farmland Fund Limited
DLA Piper New Zealand advised Insight Global Farmland Fund Limited (IGFFL) on the purchase of a Southland 'going-concern' dairy farm business from Fermoy Farms Limited. The transaction included the transfer of property, plant and equipment, contracts and livestock, and also involved complex water rights issues.
DLA Piper New Zealand advised TOWER Limited on sale of 100% of the investments business TOWER Asset Management Limited, TOWER Investments Limited and TOWER Managed Funds Limited to Fisher Funds Management Limited, and the sale of all TOWER Health & Life Limited life insurance business and the non-participating life insurance assets of TOWER Life (N.Z.) Limited to Fidelity Life Assurance Company Limited. The transaction values were $79 million for the Investments deal and $189 million for the Life transaction.
DLA Piper New Zealand also acted on TOWER's return of capital ($120 million) to shareholders in 2013 by way of a scheme of arrangement requiring High Court approval. This was followed in January 2014, with a pro rata off-market buy back, to return an additional $52 million to shareholders.
DSM Nutritional Products AG
DLA Piper New Zealand, liaising with management and legal counsel based in Singapore and Switzerland, advised on the 100% share acquisition of Unitech Industries Limited (Unitech) by global entity DSM Nutritional Products AG (DSM).
Steadfast Insurance Brokers Pty Ltd
DLA Piper New Zealand advised on the 30.08% share acquisition of Rothbury Group Limited (RGL) by Steadfast Insurance Brokers Pty Ltd (Steadfast), in two separate stages. Stage one consisted of an initial purchase of a 17.90% interest in RGL, paid in cash. Stage two involved purchase of the remaining 12.18% interest in RGL, paid for by issued capital in Steadfast, through an IPO.
We have prepared a Guide To Doing Business In New Zealand to help those venturing into the market navigate their way through local legislation to identify and maximise the many opportunities that are available.