Bell Gully ranked among top Asia Pacific legal advisers for M&A

Bell Gully was one of the top 20 legal advisers for mergers and acquisitions in Asia Pacific in 2011, according to new research into global M&A activity.

League tables released by global financial information publisher Bloomberg in January show Bell Gully was the only New Zealand firm to feature among the leading legal advisers in Asia Pacific (excluding Japan). It was also the highest ranked New Zealand firm in the Australia & New Zealand league tables, ranked 12th by the value of announced deals in the region and 8th by the number of deals on which the firm advised.

Bloomberg's analysis showed a recovery in the value of New Zealand mergers and acquisitions activity, up 22%, with 93 transactions valued at US$4.5 billion.

Growth in New Zealand M&A activity was in contrast with reduced activity in other key Asia Pacific markets (excluding Japan), while the volume of announced global M&A transactions remained essentially flat with US$2.2 trillion of deals.

Significant deals which Bell Gully advised on in 2011 include:

  • Asahi on the New Zealand law aspects of the NZ$1.5 billion acquisition of Independent Liquor, Asahi's largest ever acquisition.
  • Fletcher Building on its successful takeover of Crane Group.
  • Private equity firm Blackstone on the acquisition of Antares Restaurant Group, which has exclusive franchise rights for the Burger King brand of restaurants in New Zealand.

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