Structured Finance.

Mayne Wetherell’s domestic and cross-border structured finance and securitisation expertise is widely regarded as being the best in the New Zealand market.

This has seen us act for either issuers or financial institutions on the establishment of nearly all of the significant securitisation structures in New Zealand. In addition to issuers and originators, we act for arrangers, warehouse/mezzanine lenders and trustees.

As part of that expertise, we are increasingly using securitisation structures or techniques as a means of acquisition financing, complementing our expertise in financial services M&A transactions.

Recent Transactions.

New Zealand and offshore financiers in relation to the provision of stapled securitisation warehouse finance to UDC to support the acquisition of UDC by Shinsei in 2020 (non-bank finance).
Avanti Finance in respect of its securitisation programme including multiple warehouses for auto loans, unsecured personal loans, small business loans and residential mortgages, and issuances of residential mortgage backed securities.
Eclipx Group Limited in respect of its New Zealand business, including the restructure of its securitisation warehouse, the recent New Zealand ABS bond issuance and the establishment of a warehouse in respect of its New Zealand commercial leasing business.
ASX-listed FleetPartners in respect its New Zealand securitisation warehouse and New Zealand ABS bond issuances.
ASX-listed Prospa on its establishment of its securitisation warehouses to fund its New Zealand SME lending business (non-bank finance).
Latitude Financial Services in relation to its on-going funding programmes in New Zealand.
Offshore financiers in relation to the securitisation financing provided to SG Fleet in relation to its acquisition of Leaseplan.
KKR, Värde Partners and Deutsche Bank on its acquisition of GE Capital’s A$8bn consumer finance business, and Bain Capital and Deutsche Bank on the acquisition of GE Capital’s commercial finance portfolio (non-bank finance).
Latitude Financial Services on the establishment of its New Zealand Credit Card Master Trust securitisation programme and its on-going funding programmes in New Zealand.
Westpac as arranger and senior financier in relation to the establishment of Fisher & Paykel Finance’s Q Card securitisation programme and wholesale markets issuance.
Financiers in relation to Bluestone’s New Zealand residential mortgages securitisation programme and issuance of residential mortgage backed securities.
Financiers in relation to MTF’s auto receivables and personal loans securitisation programmes and issuance of auto receivables backed securities.
Financiers in relation to Basecorp’s New Zealand residential mortgages securitisation programme and issuance of residential mortgage backed securities.
Offshore financiers in relation to the securitisation of energy services contract originated by solarZero.
Deutsche Bank and Värde Partners on the key funding solution for Pepper’s acquisition of the NZ$1bn residential mortgage book from GE.
Trustee companies in relation to multiple securitisation programmes including in relation to the RESIMAC residential mortgages securitisation programme.
Structured leasing and sale and lease back transactions, redeemable preference share financing transactions and co-investment transactions.

Recent Transactions.

Capital Markets.

Financial Services Regulation.

Banking & Finance.

Special Situations & Restructuring.