Partner - Banking and Finance
A specialist banking and finance lawyer, Steve acts for major banks and corporates providing strategic advice on secured, unsecured, and subordinated debt facilities, acquisitions, corporate reorganisations/restructures, management buy-outs, and securitisations. He is also well-known in New Zealand’s project and property finance sectors, and is recognised for acting on all the major government PPPs in New Zealand to date.
Financing the acquisition of Vodafone New Zealand
Acted for the mandated lead arrangers in connection with the senior syndicated debt financing for the Infratil/Brookfields consortium’s acquisition of Vodafone New Zealand Limited.
Financing the acquisition of NZ Bus Group
Acted for Next Capital, advising on all financing aspects in connection with its acquisition of the NZ Bus Group from Infratil.
Financing the acquisition of Aegis
Acted for MMC Limited and Pencarrow Private Equity, advising on all financing aspects in connection with MMC Limited’s acquisition of Aegis Limited from CBA.
CITIC Capital’s acquisition of Trilogy International Limited
Acted for CITIC Capital in arranging its syndicated debt financing for the purchase of Trilogy International Limited by way of scheme of arrangement.
BT Mining’s acquisition of mines from Solid Energy
Acted for BT Mining Limited (a joint venture between Bathurst Resources and Talleys) in connection with its financing of the purchase of the Stockton, Rotowaro and Maramarua mines from the administrators of Solid Energy New Zealand.
Financing of PwC
Acted for ANZ and BNZ on their financing of PwC which was provided by the banks on a bilateral basis, under an umbrella common terms deed.
Acted for Hirepool in relation to its mezzanine and senior refinance, which coincided with an equity restructure and negotiating all of the finance documents in connection with the refinance.
Acquisition of Ascot Radiology from Abano Healthcare
Acted for the group of radiologists who acquired Ascot Radiology Limited from Abano Healthcare Group Limited. The transaction involved arranging various facilities from BNZ.
Education Perfect Limited acquisition financing
Acted for ASB in relation to the financing of Five V Capital Pty Ltd and Mulpha International Bhd’s acquisition of Education Perfect Limited.
Tauranga Social Housing Transfer
Acted for Westpac on the financing of Accessible Properties’ special project vehicle in connection with the transfer of Housing New Zealand’s 1140 Tauranga social housing properties, and the ongoing management of Ministry of Social Development’s tenancies.
Vector Gas and Maui Gas Pipeline acquisition financing
Acted as bank counsel to the syndicate of banks in their financing of Australian utilities investor Colonial First State Funds’ separate successful bids for the NZ$1.288 billion acquisition of all the shares in Vector Gas Limited and the Maui gas pipeline assets.
Trusted legal advisor to Tegel Foods
Acted for Tegel Foods on various financing transactions including on its dual-listing on the NZX and ASX and its syndicated facilities provided by Westpac, ANZ and BNZ.
Project finance and hedging facilities for school project (PPP)
Acted for the lending syndicate and hedge counterparties providing project finance and hedging facilities to fund the design, construction and maintenance of four schools throughout New Zealand. Steve has advised on all of the PPPs in New Zealand to date (including school, prison and roading assets).
- 2008, England and Wales
- 2004, New Zealand
- LLB, BCom (Finance), University of Auckland
- Corporate Finance
- Leveraged Finance and Private Equity
- Project Finance and Public Private Partnerships
- Syndicated Lending
- Structured Finance
- Property Finance
- Ranked as a leading Banking and Finance lawyer, Chambers Asia Pacific
- Ranked as a Notable Practitioner – Banking, IFLR1000
- Ranked as a Notable Practitioner – Project Development, IFLR1000
- Recognised as a Rising Star – Expert Guides
- +64 9 353 9949
- +64 27 667 5546