Bell Gully’s position at the forefront of legal advisers for mergers and acquisitions has been highlighted in an international legal league table released in January.
Bloomberg’s Asia Pacific M&A Market Review ranked Bell Gully as the only New Zealand firm among the top 20 firms advising on deals announced in Australia and New Zealand. The league table credited Bell Gully with advising on more than US$4.08 billion (NZ$5.43 billion) of deals, including advising Rank Group and Carter Holt Harvey on the sale of the pulp, paper and packaging business to the Oji Holdings and the Innovation Network Corporation of Japan (INCJ) consortium for NZ$1.037 billion, and advising Fletcher Building on the sale of its Pacific Steel Group to BlueScope Steel in a transaction valued at approximately NZ$120 million.
The review confirmed a strong increase in mergers and acquisitions activity in New Zealand in 2014, with 142 deals worth US$6.49 billion. That was up 86% from 2013, when there were 117 deals worth US$3.49 billion.