Private Equity and Venture Capital

Widely renowned for their experience and pragmatism, our private equity specialists are experts in their field.  Our team regularly acts for our private equity and venture capital clients on their fundraising activities, investments, acquisitions and divestments.  We also regularly assist owners and other stakeholders on their dealings with PE and VC funds.

Our wide-ranging experience provides a thorough understanding of the private equity/venture capital landscape and the factors that contribute to a successful transaction.  We frequently act on all areas of private equity and venture capital arrangements, including financing, takeovers, foreign investment laws, mergers and acquisitions, warranty and indemnity insurance, acquisition structuring, restructurings, and initial public offerings.

As part of the MinterEllison Legal Group, our network of offices in New Zealand and Australia, as well as Asia and the UK, enables us to provide a full range of legal services on a global scale.  Our PE specialists work collaboratively across the firm, with other advisors and many law firms around the world to ensure a successful outcome for our clients.  This provides us with an advantage when navigating complex transactions that require international or multi-jurisdictional considerations.

How we help

  • Fundraising
  • Investments and divestments
  • Mergers and acquisitions
  • Warranty and indemnity insurance
  • Takeovers
  • Initial public offerings
  • Foreign investment laws
  • Financial and debt structuring advice
  • Restructuring
  • Exit strategies

Recent work

Deals

Macquarie Group – Advising Macquarie Group on the New Zealand aspects of its acquisition of AMP Capital’s Global Equities and Fixed Income business.  The transaction is expected to be complete in 1H 2022.

Pencarrow Private Equity – Advised Pencarrow backed investment administration specialist MMC on their acquisition of Aegis from ASB.  This deal expands MMC’s service offering in the financial services administration sector.

Advent Capital Partners – Advised Advent Partners, one of Australia’s longest standing private equity firms, on its investment alongside existing shareholders in Flintfox International Limited.

Allegro Funds – Advised Australian private equity firm Allegro Funds on the acquisition of Toll Global Express business in New Zealand.

Fundraising

Private equity funds establishment – Advising on the establishment of private equity funds, including funds for Pioneer Capital (5 funds, including a new private debt fund), Milford (2 funds), Continuity Capital (3 funds with a fund-of-funds, secondaries, model), Craigs, Origin Capital (kiwifruit industry), and The Professionals Club.

Venture capital funds establishment – Advising on the establishment of venture capital funds, including funds for Nuance Capital, Pacific Channel, WNT Capital, Icehouse Ventures, Movac, New Group Capital and Alt Ventures.

Advising fund investors– Advising significant cornerstone and other investors in PE and VC funds managed by Movac, Direct Capital, Waterman, Pencarrow, Quadrant and others.

Specialist fund advice – Advising other PE/VC fund management teams in New Zealand and overseas in relation to specialist areas including cross border offers, cryptocurrency, and climate change investment, and on team restructuring, carried interest and other arrangements.

Financing

Infratil Limited – Appointed by Infratil to act for the lead arranger banks in connection with the underwrite of the syndicated financing of the acquisition of the controlling stake in the Pacific Radiology Group.

Next Capital transactions – Advising Next Capital on the financings and subsequent debt restructurings of its investments in New Zealand, including most recently for the Hirepool Group and the New Zealand Bus Group.

Pencarrow Private Equity – Advising Pencarrow on all aspects of financing their acquisition of Aegis from ASB. This acquisition was funded solely by debt and, following a competitive debt process, was funded using a uni-tranche debt structure.

“They formed an extremely collaborative commercially minded team that delivered an outstanding outcome. Forthright, sanguine and delivering clear advice, saw the team making an invaluable contribution to the transaction.”

Philippa Weston

Investment Director, Pencarrow Private Equity

Who can help