Roger Wallis Roger Wallis

Roger Wallis

Partner
Auckland

Equity capital markets
Mergers & acquisitions
Corporate governance

Roger specialises in corporate and securities law. He advises on public market mergers and acquisitions, equity capital market transactions, business reorganisations, corporate governance and regulatory compliance.

Consistently ranked as a leading individual by independent legal directories, he is recognised as a Band 1 lawyer by Chambers Asia Pacific 2022 and Chambers Global 2020. Roger is also highly regarded in capital markets by IFLR1000 2022, and is recognised as a leading individual by Legal 500 Asia Pacific 2022.

Roger is a previous chair and was a board member of Chapman Tripp for seven years, and was a member of the New Zealand Takeovers Panel for eight years.

Recent highlights

Has advised:

  • NZX-listed Oceania Healthcare on its NZ$57m acquisition of the Remuera Rise and Bream Bay retirement villages
  • the New Zealand Treasury on Air New Zealand’s NZ$2.2b recapitalisation package, including the Crown’s participation in Air New Zealand’s $1.2b underwritten rights issue, and associated funding arrangements
  • EBOS on its NZ$845m capital raise to part fund its acquisition of the Lifehealthcare medical devices business from Pacific Equity Partners 
  • Z Energy on a scheme of arrangement with ASX-listed Ampol for NZ$1.95b
  • Precinct Properties New Zealand on its NZ$1b property fund joint venture with GIC, following on from advising the independent directors of Precinct on the internalisation of its management from AMP Haumi Management for NZ$215m, and a $250m innovative placement and supersized share purchase plan equity capital raising
  • The Selwyn Foundation on the sale of six retirement villages and aged care facilities to listed retirement operator Metlifecare
  • Arvida Group on its NZ$345m acquisition of the Arena Living retirement village portfolio from leading global investment fund, Blackstone, and Arvida’s NZ$330m capital raising to part fund the acquisition
  • Mercury on a consortium bid with PowAR to acquire Tilt under a NZ$3.24b scheme of arrangement whereby Mercury acquired Tilt’s New Zealand assets for ~NZ$770m enterprise value
  • Metlifecare on its NZ$1.3b scheme of arrangement with Asia Pacific Village Group, owned by EQT Infrastructure IV fund.

Affiliations

  • Chartered member of the Institute of Directors in New Zealand.
  • Certified member of the Institute of Finance Professionals New Zealand.
  • Executive officer of the Listed Companies Association.
  • Former Chair of the NZX Legal & Regulatory Advisory Board.

Roger's insights

See all insights

Time for directors to bring their best game to the board

“Any director who thought that, once the world entered post-pandemic mode, things would settle down and life would be easier – will be well and truly disabused of that notion by now.”

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Skyscraper

Helping Precinct Properties to next stage

We are pleased to have assisted Precinct Properties New Zealand (NZX: PCT) to achieve a ground-changing strategic partnership with Singapore sovereign wealth fund GIC.

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Helping The Selwyn Foundation help others

We are pleased to have been able to assist The Selwyn Foundation to sell half of its retirement village portfolio so that it can substantially strengthen its charitable mission.

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$345m acquisition in retirement village sector

We advised Arvida Group Limited on the purchase of six retirement villages in a game-changing acquisition, which will increase Arvida’s portfolio in the sector by 24% and provide it with a further growth platform.

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energy wind farm

Mercury brings home Tilt’s wind farms

We are pleased to have helped Mercury NZ Limited acquire all of Tilt Renewables Limited’s New Zealand assets, operations and future development options.

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On ground floor with Precinct in innovative deal

We are pleased to be assisting Precinct Properties New Zealand Limited in its $250m equity raising.

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Chapman Tripp named New Zealand Deal Firm of the Year

Our corporate and commercial team were named New Zealand Deal Firm of the Year at this year’s Australasian Law Awards.

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King Honey sold to Me Today

Last week, Me Today (NZX: MEE) opened its capital raise to retail investors, to help fund its $36m acquisition of King Honey announced on 31 May 2021.

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Oceania raises $100m for acquisitions in Auckland

Oceania Healthcare has successfully raised $100m to fund the acquisition of a premium Auckland retirement village, Waterford at Hobsonville Point and its currently leased Franklin site and adjacent land for development.

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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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A time for boardrooms to hold their nerve

The opportunity is out there – to ‘build back better’, but this is going to require effective governance and, in some of the more exposed sectors, a willingness to work through difficult conditions. This, and more themes are discussed in our 2020 edition of Corporate Governance – trends and insights.

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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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First 2020 NZX new equity listing

Me Today was the first NZX equity issuer listing under a ‘reverse listing transaction’, after raising $1.5m growth capital amongst the challenging backdrop of COVID-19 lockdown.

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sienna spiral

Supporting Vector on sale of Kapuni interests

We assisted Vector over the sale of its Kapuni gas treatment plant and related assets.

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Governance trends in 2019

We ask whether the “shareholder primacy” ethos, which has prevailed in New Zealand and like jurisdictions for generations, is now in decline?

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Churchill a potential champion for directors in paper war

​Directors may find a champion in Sir Winston Churchill as they fight the battle of the bulging board information pack...

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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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Impact investment poised for lift off

​Increasing investor interest, evolving data capability and rapid advances in markets are aligning to create the conditions for a growth surge in impact investment in New Zealand.

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Disclosure – a key performance and risk area for boards

​The quality of disclosure is improving in response to regulatory signals but has a way to go yet despite a recent high profile reminder from mining giant Rio Tinto about the costs of getting it wrong.

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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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