Our work

Opus IPO
Bell Gully advised Opus International Consultants Limited on its initial public share offering and listing on the NZSX in October 2007. Opus is a leading international multidisciplinary infrastructure consultancy and the largest professional consultancy in New Zealand.

Datasquirt IPO
Bell Gully advised contact centre software company Datasquirt on the New Zealand aspects of its Australian IPO and ASX listing which raised A$7.2 million (NZ$8.4 million) to fund its international expansion plans.

Fletcher Building share placement
We advised Fletcher Building on the placement of 26 million shares at NZ$12.60 a share, raising NZ$327.6 million to fund its acquisition of Formica. The placement was conducted by a global bookbuild led and underwritten by Goldman Sachs JBWere and Deutsche Bank AG.

T3 Sale
Bell Gully acted as New Zealand counsel to the Commonwealth of Australia and to Telstra Corporation on the A$15.5 billion sale of the third tranche of the Australian Government’s stake in Telstra, in which the Commonwealth of Australia reduced its stake from 51.8% to 17% of Telstra.

Xero IPO
Bell Gully advised New Zealand web-based accounting software firm Xero on its initial public offering and successful float on the New Zealand Stock Exchange, the first ever listing in New Zealand of an early stage technology company.

Rakon initial public offering
Bell Gully advised Rakon, a world leading high performance quartz crystal components manufacturer, on its very successful initial public offering and listing on the NZX. The team advised Rakon and its selling shareholder on a wide range of sale and listing options for the company, which has developed what it believes to be the world's smallest GPS radio frequency receiver module.

Fisher & Paykel Appliances equity raising
Bell Gully advised Fisher & Paykel Appliances on the New Zealand aspects of its equity raising for the NZ$158 million acquisition of Italy-based cookware business Elba from De’Longhi S.p.A. With numerous innovative aspects, this equity raising was the first concurrent, equivalent share purchase plan undertaken by a dual-listed entity in New Zealand and Australia, and was designed to fit different trans-Tasman regulatory exemptions.

Goodman Fielder IPO
Goodman Fielder is one of Australasia's leading food companies with a portfolio of major brands. Bell Gully acted as New Zealand legal advisor to Goodman Fielder on its initial public offering of shares and NZX listing, the largest IPO in New Zealand in 2005.

Absolute Capital PINS
Bell Gully acted on Absolute Capital's note issue of PINs or packaged income notes. These are interest bearing notes with capital protection at maturity and are listed on the NZDX. These structured debt securities provide exposure to a diversified portfolio of international credit investments with built in capital protection, and incorporated a number of features not common in the New Zealand retail debt market.

BBI Networks issue of secured bonds
Bell Gully acted for BBI Networks on its offering of up to NZ$210 million of secured bonds, which featured the use of an unusual securities structure which in effect applied a trans-Tasman financing structure to a purely New Zealand issue.

Endace listing
Bell Gully advised Endace on its listing on the London Stock Exchange Alternative Investment Market (AIM). Endace, which specialises in network security and measurement applications, was the first New Zealand entity to list on the AIM market for growth companies.

Pacific Brands
We advised this major Australasian retail company on its initial public offering of shares in Australia and New Zealand and listing on the ASX and NZX.

Just Group
Bell Gully advised on the New Zealand aspects of the initial public offering and ASX listing, including the offering in New Zealand, for this owner of major retail chains including Just Jeans and Portmans.

PowerCo bond offering
Bell Gully advised on PowerCo's NZ$180 million offering of guaranteed bonds to institutions and the New Zealand public which was keenly sought after. It is one of only a handful of complex credit-wrapped bond deals ever to have been launched in the New Zealand market.