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MICHAEL HARROD - Partner
Auckland phone 64 9 921 6004
Sydney phone 61 2 9293 2877
Mobile 029 311 5930
Email michael.harrod@maynewetherell.com
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Education:
University of Auckland - LLB, Senior Prize in Law
Professional:
Partner Mayne Wetherell 2004 - present
Senior Solicitor Russell McVeagh 2003- 2004
Senior Assistant Allen & Overy (London) 2001 - 2003
Senior Solicitor Russell McVeagh 2000 - 2001
Assistant Clifford Chance (London) 1997 - 1999
Solicitor In New Zealand 1995 - 1997 |
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Areas of Specialisation
Corporate and securities law
Mergers and acquisitions (including public company takeovers)
Major projects
Joint ventures
Relevant Experience
Extensive experience in corporate and private company mergers and acquisitions with particular expertise in private equity transactions and public company takeovers across a broad range of sectors including financial services, utilities, energy and infrastructure, resources and the primary sector.
Broad range of experience in corporate, project, structured and asset finance. Particular expertise in the structuring and funding of infrastructure projects, having advised on a number of major project transactions.
Extensive experience in public offerings of debt and equity securities, both listed and unlisted.
Illustrative (non-exhaustive) examples follow:
Corporate/M&A
Acted for Deutsche Bank in relation to its investment in, and strategic relationship with, Craigs Investment Partners.
Acted for Phaunos Timber Fund in relation to its cornerstone investment in, and recapitalisation of, Matariki Forests.
Acted for Cadmus Technologies Limited in relation to its merger with Provenco Group Limited.
Acted for Dubai Aerospace Enterprise (DAE) Limited in relation to Auckland International Airport.
Acted for Global Forest Partners LLP in relation to its 2006 bid for the forestry assets of Carter Holt Harvey. This was one of New Zealand’s largest and most complex property / resources transactions
Acted for New Zealand Finance in relation to its joint venture with Liberty Financial Limited and the subsequent takeover of Mike Pero Mortgages.
Acted for the vendors of Metropolitan Glass and Glazing and the Metro GlassTech group of companies to Catalyst.
Acted for Strategic Investment Group Limited (the parent of the Strategic Finance group) on the disposition of a 50% stake in the company to Allco Finance Group and the subsequent disposal of the remaining 50%.
Acted for Matariki Forests (the joint venture comprising RREEF Infrastructure and Rayonier Inc.) in relation to the purchase of the Marlin forestry estate from Carter Holt Harvey Limited and certain forest assets from Rayonier New Zealand Limited, resulting in the JV entity, on completion, being the owner of the third largest forest plantation, by area, in New Zealand.
Acted for ABN AMRO in relation to the equity bridge funding of Vector’s takeover of NGC. This transaction was awarded New Zealand Deal of the Year at the 2005 Australasian Legal Business Awards 2005.
Acted for a prospective bidder for Carter Holt Harvey.
Acted for a prospective bidder for Metlifecare.
Acted for Kiwi Income Property Trust in relation to Capital Properties.
Acted for Prime Infrastructure (now Babcock and Brown Infrastructure) in relation to the takeover of Powerco.
Regularly acts on offerings of listed and unlisted debt, hybrid debt/equity and structured products.
Projects and Project Finance
Acted for Senior Lenders in relation to the US$735m “ Sakhalin 1” offshore oil and gas project, the first concession based project financing in the Russian Federation.
Senior Assistant advising Export Credit Agencies and the World Bank participating in a US$1bn toll bridge BOT project in Turkey.
Advised on the acquisition of a major Asian coal mining company.
Acted for the project company on several significant energy projects based in Sub-Saharan Africa and the Middle East, including in relation to crude oil and refined petroleum products (which involved advising on production permitting issues, acquistion and divestment of production sharing interests and offtake arrangements).
Acted for Wembley National Stadium Limited, the project company responsible for designing, financing, building and operating the new £757m English National Stadium at Wembley.
Advised a major UK electricity generator in respect of the restructuring of its financing relating to the £660m combined cycle gas turbine generation facility.
Acted for the arrangers of the bank debt made available to the project company of a 480MW natural gas combined cycle BOT project in Turkey.
Acted for senior and mezzanine funders in relation to a £75m Ministry of Defence PFI procurement project for Tornado GR4 fighter pilot training system.
Advised on several other Ministry of Defence PFI procurement projects for military hardware and service facilities.
Advised the project company awarded the concession to run the M1/A1 Link Road
Provided ongoing advice to a multinational IT company in relation to the off-balance sheet financing of its procurement programme, being one of the largest providers of PFI IT services in the UK.
Advised the development entity on all aspects of development, financing and construction of the Ascot Hospital in Greenlane, Auckland.
Advised Kiwi Income Property Trust in relation to the debt financing of Sylvia Park.
Advised ABN AMRO on the off-balance sheet financing of Auckland Hospital Carpark.
Advised ABN AMRO in the ECA backed financing of the Tararua Windfarm for TrustPower.
Finance
Acted for lead arrangers financing the $2.1bn purchase of Yellow Pages Group by CCMP / OTPP.
Acted for JV partner and funder of the Avion Capital Joint Venture with Airbus Industrie, a US$1bn joint venture designed to provide structured finance solutions for acquisition of aircraft by customers of Airbus.
Has acted regularly for a variety of banks, export credit agencies, tax lessors and lessees of defeased and non-defeased UK tax leases, Japanese and German leveraged leases and US LILO transactions relating to the financing of ships, aircraft and rolling stock.
Has regularly acted for NZ and international banks and financial institutions engaged in complex structured finance transactions, including redeemable preference share programmes, convertible note forward sale and purchase transactions and tax based structured funding transactions.
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