Qualifications
LLB (Hons), University of Canterbury
Admitted
2011, New Zealand
Philip specialises in corporate and securities law with a particular focus on equity capital markets, corporate governance, public mergers & acquisitions and listed company compliance.
Philip acts for issuers, arrangers and underwriters on all aspects of initial public offerings and capital raisings and has advised on many of New Zealand's most significant initial public offerings and other equity capital markets transactions. Philip has also worked on a range of public and private mergers & acquisitions.
Philip was recognised by NZ Lawyer as a Rising Star in 2022, Highly Regarded by IFLR1000 2024, and a Most Influential Lawyer in 2024. Philip is also an Associate Director of the New Zealand Shareholders’ Association.
Recent highlights
- Advised Winton Land on its $350m initial public offering and listing on the NZX Main Board and ASX
- Advised My Food Bag on its $342m initial public offering and listing on the NZX Main Board and ASX.
- Advised Craigs Investment Partners and Goldman Sachs as joint lead managers of the $234m Napier Port IPO.
- Assisted Heartland Group Holdings to bank $210 million (through a $105 million underwritten institutional placement and a $105 million underwritten accelerated non-renounceable entitlement offer) enabling it to complete its acquisition of Challenger Bank, now Heartland Bank Australia.
- Advised the lead managers and underwriters on Auckland International Airport’s equity raise of $1.4 billion and Fletcher Building’s $700 million equity raise.
- Advised Winton on the sale of shares in NZX and ASX listed Winton by Wanaka Partners to TC Akarua 2 Pty Limited for $37m, requiring preparation of a notice of meeting and independent adviser’s report for approval by shareholders under the Takeovers Code.
- Advised property fund manager, Centuria Funds Management (NZ) Limited, on the establishment of two new property funds, Centuria NZ Agricultural Property Fund Limited and Centuria NZ Value-Add Fund No. 2 LP, and the associated wholesale offers to raise NZ$18 million and NZ$23.5 million, respectively.
- Advised Lodestone Energy on its $55m capital raise to fund the continued development of solar farms in New Zealand.
- Advised FTSE 100-listed specialist international distribution and services group Bunzl plc on its acquisitions of Cubro, DBM Medical, Universal Specialities, Toomac Holdings and Obex Medical.
- Advised Embark Education on the $46m sale of its New Zealand business to funds managed by Anchorage Capital Partners and on its redomiciling via a court approved scheme of arrangement, requiring approvals, exemptions or non-objections from NZ RegCo, NZ Financial Markets Authority, High Court of New Zealand, Takeovers Panel, ASX and the Australian Securities and Investments Commission.
Affiliations
- Institute of Finance Professionals New Zealand (Cert).