UPFRONT
TRANSACTIONS
DEALS ROUND-UP Powershop’s agreement with UK-based electricity generator and supplier npower Wellington-based power company Powershop (a subsidiary of Meridian Energy) has signed on with UK-based electricity generator and supplier npower. Led by Powershop’s general counsel Monique Greene, the legal team constructed a deal that will see Powershop commercialise its IP by providing a new retail platform for npower. npower is one of the UK’s ‘Big Six’ energy retailers, which captures about 10% of the UK’s domestic electricity market. Monique was supported by Tom Maasland, who heads up Russell McVeagh’s Auckland information communications and technology team, and senior associate Dominic Rowe.
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Lead lawyer(s)
Additional firms involved
Value (NZ$)
Adviser
Client
Fletcher Building’s acquisition of Higgins Group Holdings
$315m
Bell Gully
Fletcher Building
Brynn Gilbertson, James Cooney, Jennifer Coote
Chapman Tripp
Fastway sale to Aramex New Zealand Holdings
$125m
Bell Gully
Fastway Limited
Glenn Joblin
Russell McVeagh
Funding for the purchase of GE’s NZ personal loans and consumer finance book
$1.2bn
Bell Gully
BNZ Commonwealth Bank of Australia, Westpac, Bank of America
Murray King, Liz Lim, Graham Murray
Mayne Wetherell, Ashurst, Herbert Smith Freehills
Funding for the purchase of GE’s NZ personal loans and consumer finance book
$1.2bn
Bell Gully
Credit Suisse Asset Management
Rachel Paris
Mayne Wetherell, Ashurst, Herbert Smith Freehills
Diversified NZ Property Fund’s $445m acquisition of shopping centres in Lower Hutt and Hamilton
Bell Gully
Stride Property Limited
Jane Holland
REIT Host Hotels & Resorts’ sale $91m of the Novotel Queenstown
Bell Gully
REIT Host Hospitality
David Chisnall, Buddle Findlay, Karl Anderson, Beca & Co Andrew Petersen, Jarrod Walker
ACE Limited merger with The Chubb Corporation
$42.4bn
Bell Gully
ACE Insurance
Haydn Wong
First State Investments’ $335m acquisition of Maui gas pipeline
Bell Gully
First State Investments Dean Alderton, Garry Downs, Rachel Paris
Contact Energy retail bond
$150m
Bell Gully
Contact Energy Limited
First State Investments’ acquisition of Vector Gas from Vector
$952.5m
Bell Gully
First State Investments Garry Downs, Dean Alderton, Rachel Paris, Andrew Petersen
Chapman Tripp
Fisher & Paykel Appliances sale of Fisher & Paykel Finance to FlexiGroup
$315m
Bell Gully
Fisher & Paykel Appliances Holdings Limited
Mayne Wetherell, Ashurst, KWM
Transaction
Amon Nunns
Brynn Gilbertson
Chapman Tripp