Silvana Schenone

Partner - Corporate and Commercial

Silvana is a corporate and commercial partner and leads our Auckland corporate legal team. She is experienced in advising local and foreign clients on a range of corporate matters. With extensive expertise in M&A, private equity investments, takeovers, schemes of arrangement, capital raisings and corporate governance matters, Silvana is renowned for her ability to get the most complex and innovative deals done in a pragmatic way.

Skilled at getting to the heart of the matter and delivering excellent results for her clients, Silvana has been involved in some of New Zealand’s most iconic transactions, including a number of market “firsts”, setting precedent in the New Zealand legal market.

In doing so, Silvana regularly liaises with regulatory authorities including the Financial Markets Authority, the New Zealand Stock Exchange and the Overseas Investment Office.

Silvana is a board member of the New Zealand Takeovers Panel, evidence of her expertise and experience in the M&A and capital markets sectors locally and internationally.

The calibre of Silvana’s work is recognised in the independent and premier international legal directory Chambers Global for her M&A, IPOs, takeovers and corporate governance work, with clients saying “I give her an A+ – the work she does is excellent, sophisticated, thorough and detailed.”  and commenting that Silvana is “a fantastic lawyer who is smart, commercially minded and able to deal with different parties in a pragmatic manner.”

She has a remarkable international background, having practised law in New York, Chile and New Zealand. Her practice includes a Latin-American focus, where Silvana maintains a broad network of contacts. Due to her international experience she is ideally positioned to assist clients with all aspects of the overseas investment process as it applies to the acquisition of businesses or significant assets in New Zealand.

Silvana is a published author, having written ‘Duties and Responsibilities of Directors and Company Secretaries in New Zealand’, a highly acclaimed text referred to by the directors’ community in New Zealand.

Related Articles

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03 December 2021

MEttle Issue 15

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31 August 2021

M&A Forecast 2021: August update

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03 August 2021

Corporate Governance Symposium 2021

Professional background

Recent work

Proposed takeover of Infratil by Australian Super

Advising NZX/ASX listed company Infratil on the takeover offers received from AustralianSuper, to acquire 100% of the shares in Infratil by way of a scheme of arrangement for a consideration of approximately NZD5.4 billion. Infratil is a large group controlling significant infrastructure assets, including Wellington Airport, Trustpower, Tilt and Vodafone NZ.

Acquisition of AMP Capital Business

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.

Sale of LIC Automation

Advising NZX listed cooperative, Livestock Improvement Corporation on the divestment of its automation business to MSD Animal Health, including a number of ancillary transitional and long term agreements.

Acquisition of Asaleo Care by Essity

Advising leading global hygiene and health company, Essity on the New Zealand aspects of its acquisition of ASX listed Asaleo Care, via scheme of arrangement, valued at AUD788m. Silvana led the team advising on the OIO approval process, given the significant business presence of the Asaleo Group in New Zealand.

Strategic review of Refining NZ

Lead advisor supporting Refining NZ with its strategic overhaul project, aiming at simplifying and restructuring the whole business, and which has required engagement with essentially all of Refining NZ’s stakeholders, being its shareholders, employees, local and central government, stock exchange, banks, customers, regulators, suppliers and others.

Acquisition of Fonterra’s Tip Top ice-cream business by Froneri

Advising Froneri throughout due diligence, competitive bidding process and negotiations to successfully acquire Fonterra’s NZD385m Tip Top ice-cream business.

Zespri capital restructure and buy back

Advised on its capital restructure and buy back with a value of up to NZD1 billion. Zespri is a world leading horticultural company, and the targeted share issue and buy-back had the ambitious goal of strengthening grower ownership and control of Zespri.

Admitted

  • 2007, New Zealand
  • 2001, Chile

Qualifications

  • LLM, Harvard University
  • Pontificia Universidad Católica de Chile (Hons First Class) Facultad de Derecho

Affiliations

  • Independent Director, Skycity Entertainment Group Limited
  • Member, Takeovers Panel
  • Member, Latin America New Zealand Business Council (LANZBC)
  • Overseas Member, Australia Latin America Business Council
  • Member, Global Women

Specialisations

  • Capital Markets
  • Corporate Governance
  • Mergers and Acquisitions
  • Overseas Investment
  • Private Equity
  • Takeovers

Awards

  • New Zealand Dealmaker of the Year, Australasian Law Awards 2021
  • Excellence award – New Zealand Dealmaker of the Year, Australasian Law Awards 2020
  • Ranked Band 1 for Corporate/Commercial, Chambers Asia Pacific
  • Ranked as a leading in Foreign Expertise (Chile), Chambers Global
  • Ranked as a leading Corporate/Commercial lawyer, Chambers Global
  • Ranked as Highly Regarded - Private Equity and M&A, The IFLR1000
  • Ranked as a Leading Individual – Corporate and M&A, The Legal 500 Asia Pacific
  • Recognised for Mergers and Acquisitions Law and Private Equity Law, Best Lawyers
  • Recognised for M&A and Governance, Who's Who Legal: Australia and New Zealand 2021
  • Highly commended – New Zealand Dealmaker of the Year, Australian Law Awards 2017