Philip Ascroft Philip Ascroft

Philip Ascroft
Senior Associate
Auckland

Corporate & commercial

Philip specialises in corporate and securities law with a particular focus on equity capital markets, mergers and acquisitions and corporate governance.

With experience on many of New Zealand's most significant recent initial public offerings (IPOs) and NZX listings and other equity capital markets transactions, Philip acts for issuers, arrangers and underwriters on all aspects of IPOs and capital raisings. He also advises on mergers and acquisitions, takeovers and other corporate law issues, including listed company compliance and corporate governance.

Recent highlights

  • Advised Deutsche Craigs and Goldman Sachs as joint lead managers of the $234m Napier Port IPO.
  • Assisted Kathmandu with its $145m accelerated rights offer to partially fund the $368m acquisition of Rip Curl.
  • Advised Fonterra on the sale of its iconic ice cream business, Tip Top, to global ice cream manufacturer Froneri for $380m.
  • Assisted Mercury with the sale of its smart metering business, Metrix, to intelliHUB Group for $270m.
  • Advised New Zealand King Salmon and Direct Capital on the $77.5m IPO and NZX Main Board and ASX listing of New Zealand King Salmon.
  • Advised on two of the New Zealand Government's Mixed Ownership Model programme transactions: Treasury on the $736m IPO and NZX and ASX listing of Genesis Energy, and Mighty River Power (now Mercury) on its $1.7b IPO and NZX and ASX listing.

Affiliations

  • Institute of Finance Professionals New Zealand (Cert).

Philip's insights

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boardroom office

Over $2.35b capital raised with equity capital markets experts

Our equity capital markets team has advised clients on capital raisings totalling over $2.35b since NZX Regulation released its COVID-19 relief package.

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building glass

Clients’ choice for capital raisings

Our equity capital markets team continues to be in hot demand, acting on more recent capital raisings than any other law firm in NZ..

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covid 19

Six equity capital raisings in response to COVID‑19, to raise almost $2b

We have been trusted counsel on more capital raisings in response to COVID-19 than any other law firm in NZ.

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surfer riding wave

Kathmandu's transformational acquisition of Rip Curl

Assisting NZX and ASX-listed Kathmandu Holdings as lead legal advisors on the NZ$368m acquisition of Rip Curl and associated debt and equity funding arrangements.

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cargo ship

Chapman Tripp advise on Napier Port IPO

We advised on the NZX listing and initial public offering of shares in Napier Port, the largest IPO in NZ since 2016.

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Nine new June appointments at Chapman Tripp

Chapman Tripp is pleased to announce the promotion of seven new senior associates, and the recognition of two senior legal advisors.

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ice cream

Chapman Tripp trumpets sale of Tip Top

Advising Fonterra on the sale of its iconic ice-cream brand Tip Top to global ice cream manufacturer Froneri for $380m.

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Others in the team

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