Rachel Dunne Rachel Dunne

Rachel Dunne


Corporate & commercial
Equity capital markets

Rachel specialises in corporate and securities law with particular expertise in equity capital markets, mergers and acquisitions (M&A) and corporate governance.

With a reputation for ensuring complex and involved processes run smoothly, Rachel has acted on many of New Zealand's most significant recent initial public offerings (IPOs), NZX listings and other equity capital markets transactions. She has also worked on a range of public and private M&A transactions.

Rachel is recognised as a Rising Star Partner by IFLR1000 2022, as a leading lawyer by Chambers Asia Pacific 2023 and Chambers Global 2020, and as a leading individual by Legal 500 Asia Pacific 2023. 

She is also one of two exclusively recognised Lawyers for ‘Capital Markets: Equity in New Zealand’ in IFLR’s Asia Future Leaders 2021 and recognised as a Young Influencer on the Top 25 Most Influential Lawyers 2021 list.

Recent highlights

  • Acting for the consortium of Northleaf Capital and InfraRed Capital Partners on the $1.7b acquisition of Vodafone New Zealand’s passive mobile network to create New Zealand’s largest independent tower company.
  • Acting for NZX and ASX listed Heartland Group Holdings on its $200 million placement and SPP.
  • Advising on the establishment of, and $121m capital raising by, the Centuria NZ Healthcare Property Fund.
  • Advising specialist international distribution and services group Bunzl plc on its acquisitions of Obex Medical Holdings, Universal Specialities and Toomac Holdings.
  • Acting on all aspects of the My Food Bag IPO and NZX and ASX listings, with an implied post IPO market capitalisation of $449m.
  • Acting for Deutsche Craigs and Goldman Sachs as joint lead managers of the $234m Napier Port IPO.
  • Acting for Fonterra on the sale of its iconic ice cream business, Tip Top, to global ice cream manufacturer Froneri for $380m.
  • Assisting Mercury on the sale of its smart-metering business, Metrix, to intelliHUB Group for $270m.


  • NZ Markets Disciplinary Tribunal (one of 22 members).
  • NZX Corporate Governance Institute (one of 10 members).
  • Sole legal representative on FMA and NZX convened Capital Markets 2029 Steering Committee.
  • INFINZ (Cert).
  • Listed Companies Association.

Rachel's insights

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Partner appointed to Takeovers Panel

Chapman Tripp Partner Rachel Dunne has been appointed to the Takeovers Panel, the independent Crown entity that regulates New Zealand's takeovers market.

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Partner on important NZX governing body

Chapman Tripp partner Rachel Dunne has been appointed a foundation member of the NZX Corporate Governance Institute, which NZX expects will become a centre of excellence for corporate governance in New Zealand’s listed companies.

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Phillip Ascroft

Philip Ascroft recognised for exceptional young talent

Philip Ascroft, a highly respected senior lawyer within our market-leading equity capital markets (ECM) practice, has been recognised by NZ Lawyer as a Rising Star.

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Nicola Swan and Rachel Dunne

Two eminent leaders named Influential Lawyers for 2021

Rachel Dunne and Nicola Swan have been named Young Influencers on the Top 25 Most Influential Lawyers 2021 list, highlighting their accomplishments and contributions to the legal profession. Dunne is also one of two exclusively recognised Lawyers for ‘Capital Markets: Equity in New Zealand’ in IFLR’s Asia Future Leaders 2021.

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reflective window building

A humming start to 2021 for NZ’s equity capital markets

We have observed a busy Q1, advising on all major ($5m+) equity capital market transactions on the NZX.

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mexican food

My Food Bag plates up with legal experts at Chapman Tripp

Today marks a significant milestone for New Zealand well-known brand, My Food Bag, as it lists on the NZX Main Board and ASX following a successful initial public offering.

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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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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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Innovation and change abounds for equity capital markets

​New Zealand’s equity capital markets are showing signs of revival, read more in the firm's annual Trends and Insights publication.

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High rankings in Chambers Asia Pacific 2020

Chapman Tripp recognised with the highest number of ranked practice areas and individuals in NZ.

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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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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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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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orange windows on building

The stage is set for more vibrant equity capital markets

The stage is set for a rebound of New Zealand’s equity capital markets, with much brighter years now firmly in sight, Chapman Tripp says.

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M&A off to strong start, but challenges on the horizon

​Regulatory risk featured large in the mergers and acquisitions market last year and is shaping up to be a big factor again this year.

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A return to form for ECM? Not this year

​​More vibrant equity capital markets may be on the horizon for New Zealand – but not this year, Chapman Tripp says.

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Others in the team

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