Forsyth Barr named best investment bank
Publisher FinanceAsia hands out the gongs.
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Scrutiny Week
Forsyth Barr has been named New Zealand investment bank of the year by Hong Kong-based publisher FinanceAsia.
The New Zealand deal of the year was Z Energy’s $785 million acquisition of Chevron, which settled in June. Z Energy’s adviser on the deal was Goldman Sachs.
Forsyth Barr’s head of investment banking Guy Williams says the firm is delighted to receive the award.
“This year we have been involved in 22 transactions and this award reflects a combination of the ongoing support we receive from our clients, the hard work put in by the team and the investment and ambition of Forsyth Barr. This recipe should continue to deliver.”
FinanceAsia says Forsyth Barr’s award recognised its work on more than 12 debt deals raising close to $3 billion, six equity deals raising more than $500 million and advisory work on mergers and acquisitions totalling $1 billion.
“We particularly liked its involvement in Vital Healthcare's $160 million rights issue, subordinated note issues for IAG, ASB and Westpac, and a refinancing programme for TrustPower. It also played a role in the IPO for Investore,” say award judges.
Forsyth Barr is involved in advising NZME on its merger with Fairfax NZ and the takeover defences of Hellaby Holdings and Abano Healthcare.
The investment banking award for Australia was taken out by UBS.
FinanceAsia is owned by London-based Haymarket Group which is controlled by Lord Michael Heseltine, a former British Conservative MP and government minister.
Staff reporter
Thu, 15 Dec 2016
Thu, 15 Dec 2016
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Forsyth Barr named best investment bank
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