Investment banking

Investment Banking Graduate Position and Summer Internship

Do you have a passion for financial markets and the desire to work within the highest level of the corporate world?

We are seeking highly motivated individuals with outstanding academic records to join our Investment Banking Division as Graduate Analysts in early 2013 and as Interns during the summer of 2012/2013.

Forsyth Barr’s Investment Banking team comprises 12 professionals in Auckland and Wellington. We offer advice to New Zealand’s leading companies and other institutions on: the issuance of equity (such as initial public offerings) and debt securities; mergers, acquisitions and divestments; and other aspects of corporate finance. Our team members have a wealth of local and international experience and in recent years have been involved in some of New Zealand’s largest and most challenging transactions.

As an investment banking analyst/intern you will have the opportunity to learn about a range of businesses and industries while engaging with people within the senior ranks of corporate New Zealand. For further information please click here.

Award-winning performance

Forsyth Barr is proud to have recently won a number of industry awards for its involvement in some of New Zealand’s most significant recent transactions.

Forsyth Barr was jointly awarded the FinanceAsia Best New Zealand Deal of the Year for Trade Me’s NZ$364m IPO - the largest IPO in Australasia in 2011.

We also received the Insto Magazine 2011 New Zealand Bond Deal of the Year award for our Joint Lead Manager role in IAG’s NZ$325m subordinated bond offer, which was the largest listed bond offer in New Zealand in 2011.

Forsyth Barr was also awarded INFINZ Equity Deal of the Year 2011 for our role as Sole Lead Manager and Underwriter to Vital Healthcare Property Trust’s $151 million rights issue to fund the acquisition of an A$164.5 million Australian property portfolio. This transaction facilitated a transformational change for Vital Healthcare in terms of its portfolio mix and investment features, and was the largest equity issue in New Zealand in 2010.

Other Investment Banking Deals

Our credentials

Our investment banking team has considerable local and global experience. Our executives have worked on many of New Zealand’s most significant recent transactions.

Forsyth Barr’s investment banking clients include leading New Zealand corporates, both NZX-listed and private companies; public organisations such as the New Zealand Government, local councils and related entities, private equity firms, and a range of international parties.

Forsyth Barr is committed to providing investment banking services within New Zealand. In June 2010 we hired four senior investment banking executives to complement the existing team and broaden our relationship network. This strengthening of the investment banking team aligns with the firm’s growth in its retail advisor network throughout New Zealand.

In 2011, Forsyth Barr helped clients raise over $1.7 billion in capital, and was mandated to advise parties both in New Zealand and offshore.

Forsyth Barr clients benefit from our strong relationships with a number of international investment banks that do not have a New Zealand presence. These relationships allow us to reach people and organisations in offshore markets on behalf of clients.

Our expertise  

Equity Capital Markets

Our investment banking team’s experience covers the full range of public market equity issuance, from large scale initial public offerings and rights issues to smaller scale secondary placements and share buy backs. 

Our investment banking team works closely with the Forsyth Barr institutional equities team to understand the current views of the New Zealand institutional investment community. They also consult regularly with our retail network for an insight into current advisor views. The investment banking team tailors its advice to clients to incorporate these views and work towards the most appropriate solution for both the client and the market.

In addition to the investment banking team’s lead management and advisory services, Forsyth Barr’s ability to arrange underwriting for appropriately structured transactions can provide added certainty for clients in executing equity capital markets transactions.

Debt Capital Markets

Forsyth Barr possesses the strongest New Zealand public debt capital market combination of origination, distribution and support. Over the last three years, we have been part of the management syndicate on more listed debt capital market transactions than any other New Zealand broker. We also provide strong ongoing secondary market support to debt issues, as evidenced by Forsyth Barr having the leading market share in NZDX secondary market trading over the same time period. 

The investment banking team consistently provides robust and reliable demand and pricing indications backed by strong links with the Forsyth Barr institutional fixed interest team and retail network.

Our support of a debt issue sends a strong positive signal to the rest of the market and we have a sound reputation regarding firm commitments in bookbuild processes.

As a result of working cohesively with the other parts of Forsyth Barr, the investment banking team is able to add tangible value to clients by providing sound, market-based advice on structuring, marketing and distributing new debt issues.

Mergers & Acquisitions and Corporate Advisory

Members of the Forsyth Barr investment banking team have worked as financial advisors on some of New Zealand’s largest M&A transactions, including:

• The sale of Yellow Pages (The Banker, Deal of the Year 2007)
• The sale of EnviroWaste
• The public market takeover of CanWest Mediaworks
• The divestment by the New Zealand Government of Contact Energy