The country’s established companies are still looking good to foreign buyers, according to a top lawyer.
The comment came from Cathy Quinn ONZM, who recently led the MinterEllisonRuddWatts team that acted for Computer Dynamics Limited in the sale of its business assets.
The assets were sold to Marshire Invesments (NZ), the New Zealand holding company of a foreign privately owned group. Financial details of the deal are confidential.
“Computer Dynamics has built a strong market reputation in New Zealand – a reputation that was attractive to Marshire and inspired the significant investment,” said Quinn, who leads the firm’s M&A group. “The acquisition again highlights the attractiveness of established local companies to international investors seeking to expand within Australasia.”
Quinn was supported by senior associate Jo Carrick-Anderson. Partners Chris Young and Steve Gallaugher also provided legal advice.
MinterEllisonRuddWatts recently completed other cross-border acquisitions. Last month, the leading firm acted in Volution Group’s acquisition of its longstanding partner in the country for $72m. It also acted for a Norway-based company in its $66.9m buy of a Kiwi technology business.