Mergers and acquisitions

We deliver successful outcomes for our clients on mergers and acquisitions.

  • Summary
  • Work highlights
  • People
  • Publications

​​​​​​​​​​​​We have a proven track record creating value for our clients and in delivering execution certainty. Our experience and expertise allows us to assist clients to proactively manage transaction issues. We advise on the full range of transactions including mergers, acquisitions, takeovers, and business reorganisations.

Working closely with our clients means that we have significant experience advising across a broad range of industries and sectors, including energy and resources, infrastructure and utilities, transportation, retail, agriculture and building and materials.

We pride ourselves on being part of our client’s transaction team. For every transaction we assemble the relevant specialists necessary to meet our client’s commercial needs and their desired outcomes.

Refer to our takeovers expertise page for details of our public company and merger and acquisition work highlights.

Recognition in our mergers and acquisitions expertise

Bell Gully’s 17-partner team "rates highly for quick, practical advice." 
The Legal 500 Asia Pacific 2017 - Tier 1

"We consider Bell Gully to be a leading firm delivering to a high standard and providing excellent client service."
"Advice is succinct and on point and provided by astute and commercially savvy lawyers."
IFLR1000 2016 - Tier 1

"We use them for our big projects because we believe they are the best quality." ​
Chambers Asia Pacific 2017 - Tier 1

View Bell Gully Chair Chris Gordon's​​​ interview on the outlook for mergers and acquisitions below.

Chris also discusses what companies are going to have to do to grow in the current business environment with Jake Miller of Unfiltered.​

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Ngāi Tahu Capital acquisition of Hilton Haulage
Advised Ngāi Tahu Capital on the purchase of 50% interest in Hilton Haulage, a South Island trucking and storage firm.

Nuplex takeover
Advised Nuplex Industries on its acquisition by Allnex by way of scheme of arrangement. The billion-dollar transaction is the largest completed takeover involving a New Zealand target company in a decade and was the first large takeover to be implemented by way of scheme of arrangement under the new regime for schemes, which came into force in 2014.​

Fletcher Building acquisition of Higgins Group Holdings
Advised Fletcher Building on the NZ$305 million acquisition of Higgins construction company.

Fastway sale to Aramex New Zealand Holdings
Advised courier company Fastway, on the sale of all of its shares to Dubai-based logistics firm Aramex for NZ$125 million.

Fiskars acquisition of Wedgwood china and Waterford crystal
Advised Fiskars on the New Zealand aspects of the acquisition of the holding company of WWRD for US$437 million from the private equity firm KPS Capital Partners. WWRD owns the luxury home and lifestyle brands Wedgwood china and Waterford crystal.

Contact Energy block trade
Advised Contact Energy on the sale of Origin's 53% stake in Contact Energy in a block trade worth approximately $1.81 billion.​

UGL Limited sale of DTZ
Advised UGL on the New Zealand law aspects of the sale of its global property services business DTZ for A$1.215 billion to a consortium comprising TPG Capital, PAG Asia Capital and Ontario Teacher’s Pension Plan (together TPG and PAG consortium).

Zebra Technologies Corporation acquisition of Motorola Solutions
Advised Zebra on the New Zealand aspects of its acquisition of Motorola Solutions Enterprise business for US$3.45 billion in an all-cash transaction.

GUD Holdings joint venture with Jarden Corporation
Advised GUD Holdings on the New Zealand law aspects for joint venture arrangements with the US-based Jarden Corporation. GUD and Jarden entered into two joint venture arrangements. Jarden purchased 49% of Sunbeam Australia and New Zealand and GUD acquired 49% of JCS's Asian sales and marketing business.

Government of Singapore Investment Corporation (GIC) joint venture with Goodman Property
Advised GIC on its acquisition of a 49% share in a joint venture company with an interest in five leasehold office buildings in Auckland's Viaduct Quarter with a value of NZ$313 million, and the joint venture arrangements with the 51% joint venture partner, Goodman Property Trust.

Goodman Fielder takeover offer
Advised Goodman Fielder on the New Zealand aspects of a takeover offer by Wilmar International and First Pacific Company via a scheme of arrangement which values the equity of the company at A$1.34 billion.

Rank Group and Carter Holt Harvey sale of pulp, paper, packaging business
Advised Rank Group and Carter Holt Harvey on the sale of the pulp, paper and packaging business to the Oji Holdings Network Corporation and Innovation Network Corporation of Japan for NZ$1.037 billion.

Vodafone New Zealand acquisition of TelstraClear
Advised Vodafone New Zealand on its NZ$840 million acquisition of rival telecommunications provider TelstraClear from Telstra Corporation.

Asahi Group acquisition of Independent Liquor
Advised Asahi Group on the New Zealand law aspects of the NZ$1.5 billion acquisition of Independent Liquor, Asahi's largest ever acquisition.

Blackstone Group acquisition of Burger King
Advised Blackstone on the acquisition by its private equity funds of the Burger King business in New Zealand.

Danone sale of Frucor
Advised Danone on the sale of the Frucor Beverages Group business (New Zealand's second largest non-alcoholic drink company) to Suntory of Japan for over NZ$1.45 billion.

Fisher & Paykel Appliances takeover by Haier Group
Advised Fisher & Paykel Appliances on the successful NZ$927 million takeover offer by Haier. This transaction involved the takeover of an iconic New Zealand company by an international purchaser and therefore attracted intense media interest.

Cerebos Pacific takeover of Comvita
Advised Cerebos Pacific on its takeover offer, made by a wholly-owned subsidiary Cerebos New Zealand for NZX listed honey-based and natural products manufacturer Comvita.

Cheung Kong Infrastructure purchase of Vector's Wellington assets
Acted as New Zealand counsel to CKI, the largest listed infrastructure company in Hong Kong, in its successful bid to purchase Vector's Wellington electricity network.

AMP Capital Investors sale of AMP Haumi Management
Advised AMP Capital Investors on the sale of its shareholding in AMP Haumi Management, the manager of NZX listed company Precinct Properties.

Air New Zealand acquisition of stake in Virgin Australia
Advised Air New Zealand on competition and structuring aspects of its A$145 million strategic acquisition of a 14.99% stake in listed Australian airline Virgin Australia.

Far East Orchard on joint venture with Toga Group
Advised Far East Orchard on the New Zealand legal aspects of a 50:50 joint venture arrangement with Australia’s Toga Group in hotel management and ownership.

Guardians of New Zealand Superannuation Fund joint venture with Infratil
Advised the Guardians of New Zealand Superannuation on a NZ$700 million joint venture deal with Infratil for the acquisition of Shell New Zealand's refining and downstream business (now known as Z Energy).

SAB Miller takeover of Fosters Group
Advised SAB Miller on the New Zealand law aspects of SAB Miller successful takeover offer for Fosters Group.

AMI Insurance sale of IAG
Advised AMI Insurance on the NZ$380 million sale of its ongoing insurance business to IAG.

Fletcher Building sale of Pacific Steel Group
Acted for Fletcher Building on the sale of its Pacific Steel Group to BlueScope Steel in a transaction valued at approximately NZ$120 million.

Kiwibank acquisition of Gareth Morgan Investments
Advised Kiwibank on the acquisition of the Gareth Morgan Investments funds management business.

Heartland New Zealand acquisition of PGG Wrightson Finance
Advised Heartland on its acquisition of PGG Wrightson Finance.

Masterpet Corporation sale of EBOS Group
Advised Masterpet Corporation on the NZ$105 million sale to NZX-listed EBOS Group.

Asahi takeover of Charlie's Group
Advised Asahi Group on its takeover of Charlie's Group.

Fletcher Building takeover of Crane Group
Advised Fletcher Building on its NZ$1.3 billion takeover of Australian building products company Crane Group. This transaction was the first successful scrip-based takeover offer a New Zealand company has made for an Australian company and was also the largest on-market takeover by a New Zealand company of an Australian public company at the time. Previously advised Fletcher Building on its NZ$1 billion cross-border acquisition of Formica Corporation.

Suncorp-Metway sale of Tyndall Investment Management
Advised Suncorp-Metway on the New Zealand aspects of its A$128.5 million sale of Tyndall Investment Management to Nikko Asset Management of Japan.

Pyne Gould Corporation (PGC) sale of PGG Wrightson
Advised PGC on the lock-up agreement for the sale of PGC's 18.3% shareholding in PGG Wrightson to Agria (Singapore), a wholly owned subsidiary of Agria Corporation. The sale resulted in the successful partial takeover by Agria of PGG Wrightson.

Suncorp-Metway sale of New Zealand Guardian Trust
Advised Suncorp-Metway on its NZ$42 million sale of New Zealand Guardian Trust to Australia's oldest trust company, The Trust Company.

Tyco International acquisition of Signature Security Group
Advised Tyco on the New Zealand aspects of its A$171 million acquisition of Signature Security Group from Australian-listed Oceania Capital Partners.

Bomac sale of Bayer AG
Advised Bomac, New Zealand’s largest privately owned dedicated animal health company, on its sale to German healthcare company Bayer. 

Canterbury Clothing Company sale to JD Sports
Advised on the sale of Canterbury Clothing Company's Australian operations, along with an interest in the New Zealand operations, to JD Sports.

Mainfreight's acquisition of Wim Bosman Group
Advised New Zealand logistics company Mainfreight on its €110 million (NZ$205 million) acquisition of Netherlands-based Wim Bosman Group.

Frucor acquisition of Simply Squeezed
Advised Frucor Beverages Group (New Zealand's second largest non-alcoholic drink company) on the acquisition of Simply Squeezed.

Aggrekko acquisition of New Zealand Generator Hire
Advised Aggrekko on the acquisition of New Zealand Generator Hire.

Prime Media Group sale of OnSite Broadcasting New Zealand
Advised Australian-based Prime Media Group on the sale of OnSite Broadcasting New Zealand to Sky Network Television.

Archer Capital acquisition and sale of OneSource
Advised Archer Capital in relation to the NZ$132 million sale of the OneSource Group, comprising the distributor of Konica Minolta products and an associated finance company. Previously advised Archer Capital on the acquisition of OneSource.

Prime Infrastructure sale of Powerco
Advised on Prime Infrastructure’s (then known as Babcock & Brown Infrastructure) sale of part of its interest in Powerco to Queensland Investment Corporation for NZ$423 million.

Fletcher Building acquisition of Formica Corporation
Advised Fletcher Building on the NZ$1 billion cross-border acquisition of US-based Formica Corporation. We advised on all aspects of the transaction which resulted in the creation of the largest global manufacturer of decorative surfaces and high-pressure laminates in the world. The transaction was named New Zealand Deal of the Year at the 2008 ALB Australasian Law Awards.

Ironbridge Capital takeover of MediaWorks
Advised Ironbridge Capital, a leading independent Australasian private equity group, on its takeover of all the shares and options in New Zealand media company CanWest MediaWorks. Ironbridge Capital's offer to acquire all of the shares in MediaWorks followed a highly contested bidding process for CanWest's 70% stake. Subsequently advised Ironbridge Capital on the debt and equity restructuring of MediaWorks.

Waste Management merger with Transpacific Industries Group
Advised Waste Management on its merger with Australia's Transpacific Industries Group, which saw Waste Management amalgamate into a New Zealand subsidiary of Transpacific. This ground-breaking transaction is the only significant cash amalgamation (NZ$903 million) involving a public company in New Zealand in the last ten years.

Contact Energy merger with Origin Energy
Advised Contact Energy on a potential NZ$8 billion merger (which ultimately did not proceed) with Origin Energy to create Australasia's largest integrated energy company. The deal was to involve a dual-listed company (DLC) structure enabling Contact Energy and Origin Energy to retain separate legal entities and maintain their individual stock exchange listings.

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  • Haydn Wong

    Partner Auckland
  • Chris Gordon

    Partner & Chairman Wellington