Forsyth Barr is a full service investment bank. We are a market leader in raising equity and debt through New Zealand’s capital markets. We also advise companies and institutions on mergers and acquisitions, divestments, valuation, capital structure, cost of capital and dividend policy.
Our clients include NZX-listed and private corporates, public organisations such as the New Zealand Government, local councils and related entities, private equity firms, and a range of international parties.
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 investment banking team has considerable local and global experience, with our executives having worked on many of New Zealand’s most significant recent transactions.
In 2015, Forsyth Barr helped clients raise over $2.2 billion in capital, advising parties both in New Zealand and offshore.
Leading involvement in New Zealand’s most significant transactions
Recent transactions we have worked on are outlined below:
Forsyth Barr is proud to have won a number of industry awards for its involvement in some of New Zealand’s most significant recent transactions. Forsyth Barr has been awarded the FinanceAsia Best New Zealand Deal of the Year in each of the last five years for: CBL Corporation's $125 million IPO in 2015; Metro Performance Glass' $244 million IPO in 2014; EBOS’ $1.1 billion acquisition of Symbion in 2013; Fonterra’s $525 million IPO in 2012; and Trade Me’s $364 million IPO in 2011. The EBOS deal was also recognised by INFINZ with awards for 2014 M&A Deal of the Year and 2014 Equity Deal of the Year.
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.
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 one of the strongest New Zealand public debt capital market combinations of origination, distribution and support.
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
Our team offers a full range of corporate advisory services, including mergers, acquisitions, takeover offers, divestments, restructuring and capital structure advice. Our clients include corporates, private equity groups, public organisations and offshore parties. Members of the Forsyth Barr investment banking team have advised on some of New Zealand’s largest and most significant M&A transactions, including the $329.3 aggregation of 17 retirement villages and aged care facilities to form Arvida, the acquisition and funding of $1.1 billion for Symbion by EBOS, and the acquisition of an A$164.5 million Australian property portfolio by Vital Healthcare Property Trust.