New Zealand M&A and equity raisings
32 deals since January 2025, each with its advisers and sources · as at 9 Nov 2026 · Venture rounds
32 deals · A$4.2bndisclosed · Clear
Columns
| Date | Target | Vendor | Acquirer | Type | Status | Value A$m | Sector | Advisers |
|---|---|---|---|---|---|---|---|---|
| 2025 | Fonterra global consumer and associated businesses | Fonterra Co-operative Group | Lactalis | Acquisition | Completed | – | Food and beverage | Herbert Smith Freehills Kramer (sell-side)Jarden (sell-side)Russell McVeagh (sell-side)Craigs Investment Partners (sell-side)J.P. Morgan (sell-side)Sudath Perera Associates (sell-side) |
| Jan 2025 | Connexa | Ontario Teachers' Pension Plan (OTPP) | Caisse de dépôt et placement du Québec (CDPQ) | Stake | Completed | – | Telecommunications and digital infrastructure | Allens (buy-side)Russell McVeagh (buy-side) |
| Feb 2025 | NZ Windfarms | – | Meridian Energy | Scheme | Announced | – | Renewable energy and storage | Russell McVeagh (buy-side)Clare Capital (buy-side) |
| Feb 2025 | Ryman Healthcare | – | – | Entitlement offer | Announced | – | Hospitals, clinics and aged care | Jarden (lead manager) |
| Mar 2025 | Bathurst Resources | – | – | Placement | Completed | 34.4 | Coal | Blue Ocean Equities (lead manager)Ord Minnett (lead manager) |
| May 2025 | Craig Investment Partners | – | TA Associates | Stake | Completed | – | Asset and wealth management | Allens (buy-side)Chapman Tripp (buy-side) |
| May 2025 | Pacific Edge | – | – | Placement | Completed | – | Medical devices and technology | Cameron Partners (issuer)Harmos Horton Lusk (issuer)The Project NZ (issuer) |
| Jun 2025 | RANOS | – | BlueMatrix | Acquisition | Completed | – | Software | Hamilton Locke (buy-side)Kirkland & Ellis (buy-side) |
| Jun 2025 | Tourism Holdings | Accident Compensation | BGH Capital | Acquisition | Announced | – | Hospitality, leisure and gaming | Jarden (sell-side)MinterEllisonRuddWatts (sell-side) |
| Jun 2025 | Melio | – | Xero | Acquisition | Completed | 3,992.1 | Payments and fintech | J.P. Morgan (buy-side) |
| Aug 2025 | Purple Shirt | – | Elemental Concept | Acquisition | Completed | – | IT services | Hamilton Locke (buy-side)Gordon Partnership (buy-side) |
| Aug 2025 | Spark data centre business (DC Co) | Spark New Zealand | Pacific Equity Partners | Acquisition | Announced | – | Data centres | Jarden (sell-side) |
| Sep 2025 | Fonterra's consumer and associated businesses | Fonterra | Lactalis | Acquisition | Completed | – | Food and beverage | Allens (buy-side)Freshfields (buy-side)Bell Gully (buy-side)Rothschild & Co (buy-side)Cameron Partners (buy-side)Deloitte (buy-side) |
| Nov 2025 | Endura Mining | – | – | Placement | Completed | 150.0 | Other mining and exploration | Allens (issuer) |
| Dec 2025 | Animal Control Technologies | – | Kiwicare | Acquisition | Announced | – | Chemicals and fertilisers | Kidder Williams (sell-side) |
| Dec 2025 | AS Colour | – | – | Stake | Completed | – | Consumer brands and apparel | Allier Capital (sell-side)Jarden (buy-side)Gilbert + Tobin (buy-side) |
| Dec 2025 | Trade Window Holdings | – | – | IPO | Listed | 5.0 | Software | UHY Haines Norton (issuer) |
| Feb 2026 | Contact Energy | – | – | Placement | Announced | – | Electricity and gas networks and retail | UBS (lead manager) |
| Feb 2026 | Infrawork Holdings | – | PeopleIN | Acquisition | Completed | – | Business and professional services | DLA Piper (buy-side) |
| Feb 2026 | Genesis Energy | – | – | Entitlement offer | Completed | – | Electricity and gas networks and retail | Bell Gully (issuer)Herbert Smith Freehills Kramer (issuer)Jarden (lead manager) |
| Mar 2026 | TenPeaks | Spark New Zealand | Pacific Equity Partners | Acquisition | Announced | – | Data centres | |
| Mar 2026 | Cue Energy Resources | Echelon Resources | Horizon Oil | Takeover | Announced | – | Oil and gas | Azure Capital (sell-side)Gilbert + Tobin (sell-side)Mallesons (buy-side) |
| Mar 2026 | KMD Brands | – | – | Entitlement offer | Completed | – | Consumer brands and apparel | Goldman Sachs (lead manager)Forsyth Barr (lead manager) |
| Apr 2026 | Klaar | – | Brosnan Group | Acquisition | Completed | – | Education and childcare | BDO (buy-side) |
| Apr 2026 | Paymark Limited (trading as Worldline New Zealand) | Retail International Holding S.A.S. (Worldline) | Cuscal | Acquisition | Completed | 27.0 | Payments and fintech | BofA Securities (buy-side)Bell Gully (buy-side) |
| May 2026 | Pacific Edge | – | – | Placement | Completed | – | Medical devices and technology | Cameron Partners (issuer)Harmos Horton Lusk (issuer)The Project NZ (issuer) |
| Jun 2026 | TSB Bank | Toi Foundation | Heartland Group Holdings | Merger | Announced | – | Banking and lending | Jarden (buy-side)Chapman Tripp (buy-side)Deloitte (buy-side)EY (buy-side) |
| Aug 2026 | MediaWorks Topco | – | Sports Entertainment Group | Acquisition | Announced | – | Media, entertainment and online platforms | Jarden (sell-side)Deloitte (buy-side) |
| Oct 2026 | Universal Communications Group Holdings | – | GenusPlus Group | Acquisition | Announced | – | Engineering and construction | Sternship Advisers (buy-side)Quigg Partners (buy-side)Gilbert + Tobin (buy-side)RSM (buy-side) |
| Oct 2026 | Rekover Therapeutics | Tenmile | Invex Therapeutics | Acquisition | Announced | – | Biotech and pharmaceuticals | Moore Australia (buy-side) |
| – | Blackpearl Group | – | – | Placement | Completed | 10.2 | Software | Lander & Rogers (issuer)Duncan Cotterill (issuer) |
| – | The Instillery | – | Virtual IT Group | Acquisition | Announced | – | IT services | Ad Astra Corporate Advisory (buy-side) |
Deals come from ASX announcements, scheme booklets, prospectuses, the advisers' own deal announcements and the press. How the data is built