The sale of Seequent to Accel-KKR and the subsequent Seequent acquisition of Geosoft (financial advisor: Murray & Co) and Milford Asset Management, are this year’s winners of the Chapman Tripp Mergers & Acquisitions Transaction of the Year, and the Chapman Tripp Fund Manager of the Year – Equities awards.
The awards were presented at the annual Institute of Finance Professionals New Zealand (INFINZ) Industry Awards Gala Dinner last night.
The sale of Seequent to Accel-KKR and the subsequent Seequent acquisition of Geosoft won the Mergers & Acquisitions (M&A) Transaction of the Year award. The judges noted that the back-to-back transactions were transformational, creating a global geoscience software enterprise supported by specialist investors in software and technology-enabled services businesses. These transactions were well planned and executed and each in their own right was amongst the largest New Zealand software M&A transactions ever implemented. Deal complexity involved addressing company amalgamations and various share classes with the ultimate outcome well received by deal and market participants.
Milford Asset Management was successful in the Fund Manager of the Year – Equities award. The judges noted that, in a challenging year for active equity managers, Milford Asset Management has continued to produce good returns for its investors. The judges believe that the manager’s discipline, in-depth proprietary research, and culture of challenge amongst its analysts have been key factors in its long-term performance.
The INFINZ Industry Awards recognise innovation and excellence in the New Zealand financial and capital markets sector. Chapman Tripp is proud to be associated with INFINZ and the INFINZ Industry Awards, and to celebrate success in our industry.