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NZ boutique firm clinching deals

Boutique New Zealand corporate law firm Quigg Partners has worked on a number of recent acquisitions, including that of New Zealand-based energy distributor Powerco’s energy infrastructure…

user iconLawyers Weekly • 04 November 2005 • Big Law
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Boutique New Zealand corporate law firm Quigg Partners has worked on a number of recent acquisitions, including that of New Zealand-based energy distributor Powerco’s energy infrastructure maintenance business by Australian company Tenix Alliance, and Lyttelton Port’s acquisition of NZ Express.

 
 

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David Quigg, who heads the firm’s M&A team, said the sale agreement was subject to the due diligence, which is becoming a common trend in New Zealand.

The deal was also an example of the trend for a significant number of acquisitions in New Zealand to have an Australian buyer.

The Lyttleton Port acquisition of NZ Express, a logistics company involved in container services and freight distribution, was also subject to due diligence, and was an indication of “the port business being in a state of development in New Zealand at the moment”. Both companies are based in Christchurch. The acquisition was a strategic fit with Lyttleton Port’s container terminal growth plans.

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