The 2016 New Zealand Law Awards shortlists were announced for all deal categories earlier today, with Russell McVeagh included as finalists across the entire spectrum of awards to be announced so far.
The firm is proud to be among finalists for eleven deals shortlisted across five different categories which include M&A Deal of the Year, Capital Markets Deal of the Year, Mid-Market Deal of the Year, Consumer, Media and Tech Deal of the Year and International Deal of the Year.
In the M&A Deal of the Year category, Russell McVeagh has been recognised for its work advising Newmont on its sale of the Waihi Gold Mine to OceanaGold. Lead by partners Pip Greenwood and John Powell, this transaction was not a straightforward M&A transaction, and involved resolving a number of complex issues across several areas of law, including environmental matters pertaining to the ongoing operation and remediation of the mine, performance guarantees and social, environmental and employee obligations.
The firm's involvement in the Sale of Academic Colleges Group and Sale of Direct Capital’s stake in Transaction Services Group to Calera Capital has also been recognised and shortlisted in the M&A Deal of the Year category.
In the Capital Markets Deal of the Year category, one of two Russell McVeagh deals in the shortlist include Origin Energy's block trade of stake in Contact Energy. Lead by partners Pip Greenwood, David Raudkivi and Brendan Brown, the firm was legal adviser to Origin Energy Limited as divesting shareholder and was involved in all aspects of the transaction including negotiations with potential underwriters and coordination with Contact Energy.
Solid Energy’s voluntary administration was also shortlisted in this deal category, of which Russell McVeagh was involved among several other firms.
Russell McVeagh acted for Pacific Equity Partners (lead by partner David Hoare) on its acquisition of Manuka Health New Zealand, and advised on all legal aspects of the transaction. This deal has been shortlisted in the Mid-market Deal of the Year category.
Powershop’s market launch in UK with RWE npower and Wrightspeed's acquisition of new fuel-agnostic hybrid technology are two deals shortlisted for the Consumer, Media and Tech Deal of the Year. Russell McVeagh acted for Powershop, as they entered into a market-leading arrangement with npower, where negotiations involved detailed discussions about how the Powershop model could best be adapted for the UK market.
Mei Fern Johnson led the team assisting New Zealand Bus Limited in the structuring of, and its negotiations and entry into, the arrangements with Wrightspeed. While the face value of the transaction was relatively modest, the technology is novel and attracted significant media attention.
Russell McVeagh was also shortlisted for three out of the five deals which, as well as categories mentioned above, are in the running for International Deal of the Year. These deals include OceanaGold’s acquisition of Waihi Gold Mine from Newmont, the sale of Direct Capital’s stake in Transaction Services Group to Calera Capital and the sale of Origin Energy’s majority shareholding in Contact Energy.
The finalists for the remaining award categories will be announced in the next issue of NZ Lawyer magazine due out in September.
The New Zealand Law Awards bring together industry leaders to celebrate excellence in the legal profession, recognising the outstanding achievements of firms and in-house teams across New Zealand. The 2016 awards ceremony will be held at The Langham, Auckland on Thursday 17th November.