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WILL TIPPING - Partner
Auckland phone 64 9 921 6074
Sydney phone 61 2 9293 2877
Mobile 021 621 032
Email will.tipping@maynewetherell.com
Education:
University of Canterbury – LLB (Hons)/B Com
Professional:
Partner Mayne Wetherell 2007
Senior Associate Mayne Wetherell 2005-2006
Senior Solicitor Chapman Tripp 2003-2004
Associate Clifford Chance (Hong Kong) 2001-2003
Solicitor Chapman Tripp 1998-2000 |
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Areas of Specialisation
Insolvency and restructuring
Leveraged finance
Asset finance
Securitisation
Structured finance
Capital markets
Relevant Experience
Extensive leveraged finance experience acting for both lenders and borrowers on a range of transactions including private equity lead management buy outs and listed company takeovers.
Significant experience acting for banks and receivers in relation to insolvency and restructuring matters.
Extensive asset finance experience with a particular focus on aircraft leasing, acting for arrangers, lenders and investors on a range of cross border financings, tax driven structures, European ECA backed financings and operating lease transactions.
Significant securitisation, structured finance and capital markets experience.
Illustrative (non-exhaustive) examples of these transactions are:
Insolvency and restructuring
Acted for the senior financiers in relation to the restructure and recapitalisation of the HT Media group of companies (MediaWorks and RadioWorks)
Acted for Westpac in relation to the Lane Walker Rudkin receivership.
Acted for KordaMentha as receivers of certain Perron property assets.
Acted for PricewaterhouseCoopers as receivers in relation to certain aspects of the Bridgecorp receivership.
Acted for McGrath Nicol as receivers in relation to the Sarvee and Custodian group of companies.
Acted for BOS International (Australia) Limited in relation to the Geneva Finance moratorium and restructuring.
Acted for JPMorgan Chase as agent for a syndicate for approximately 50 banks in relation to the debt restructuring of US$1.3 billion owing by LG Philips Displays.
Leveraged finance
Acted for the lenders on the following acquisitions (clients in brackets):
Qualcare by Retirement Care (NZ) Limited (ANZ, BOSI, Westpac)
Mediherb Holdings Limited by Thompson Group Limited (Westpac)
Tegel Foods by PEP and ANZ Capital (ANZ, BOSI, Westpac)
CanWest MediaWorks by Ironbridge (ABN, BOSI, RBS)
ATF Hire Group by Quadrant (BOSI, GE, NAB)
Yellow Pages Group by CCMP and OTPP (ABN, Barclays, Calyon, Deutsche Bank)
Repco by CCMP (Barclays)
Ezibuy by Catalyst (BOSI)
Independent Liquor by PEP and CCMP (ANZ and Barclays)
Aperio Group by Catalyst (BOSI and NAB)
Waste Management by Transpacific (ANZ and NAB)
Manassen Food Group by CHAMP (ANZ and Westpac)
Amdel by CHAMP Ventures (BOSI)
Onesource by Archer Capital (BOSI)
Qualcare and Elrond aged care assets by Ironbridge and other interests (BOSI)
Eldercare aged care assets by Macquarie (BOSI)
Akzo Nobel by Nuplex Industries (CBA and Westpac)
and extensive roles in various other high profile transactions including Carter Holt Harvey, Stagecoach, The Warehouse and PGW/Silver Fern Farms.
Acted for the borrower on the following acqusitions:
MYOB by Archer Capital.
Certain paper assets by Red Paper (Archer Capital)
Nufarm and Chem Labs assets by ANZ Capital and others.
Certain forestry assets of Carter Holt Harvey by Matariki Forests.
Vertex by Masthead Limited.
Chequer Plastics by ANZ Private Equity and others.
Asset finance
Acted for Fonterra in relation to certain finance lease transactions.
Acted for Westpac in relation to certain aircraft financing transactions.
Acted for various arrangers, lenders and equity participants in relation to multiple Japanese operating lease transactions of wide body aircraft, a number of which involved Export Credit Agency support.
Acted for Citibank in relation to bridge financings required in anticipation of US EximBank supported funding for new aircraft deliveries into Taiwan and Korea.
Acted for the purchaser (operating lessors) in relation to three separate multi-aircraft sale and purchase agreements (both new and second hand aircraft) in each case with a novated operating lease component.
Acted for Bank of America as arranger in relation to a US leveraged lease of various rail network assets owned by KCRC (Hong Kong’s major rail network).
Acted for Contact Energy as lessee in relation to the sale and leaseback (German leveraged lease) of certain power generation assets comprising the Otahuhu B combined cycle power plant.
Acted for TransAlta as lessee in relation to the sale and leaseback (German leveraged lease) of certain power generation assets comprising the Taranaki (Stratford) combined cycle power plant.
Securitisation
Acted for Trustees Executors Limited as trustee in relation to the establishment of a securitisation programme for Foundation Mortgage Securities Limited.
Acted for Pacific Retail Services as originator in relation to the establishment of a new securitisation programme with Aurora (ANZ) relating to retail finance receivables (such programme replacing the existing programme that PRS had with Waratah (Westpac)).
Acted for Gough Gough & Hamer as originator in relation to the securitisation of various equipment rental streams and other receivables.
Structured Finance
Acted for Telecom, ANZ, ASB, SCB, Deutsche Bank and Telecom on various structured finance transactions.
Capital Markets
Acted for Rural Portfolio Capital Limited as issuer in relation to its offer of redeemable preference shares to New Zealand retail investors.
Acted for Pacific Print Group as issuer in relation to its offer of capital notes to New Zealand retail investors.
Acted for Telecom as issuer in relation to its offer of bonds to New Zealand retail investors (Telebonds).
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