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> MERGERS, ACQUISITIONS AND DIVESTMENTS
> CAPITAL RAISING / PRIVATE EQUITY FUNDING
> ACQUISITIONS, SALES AND CAPITAL RAISING FOR SMALLER BUSINESSES
> COMPANY VALUATIONS

MERGERS, AQUISITIONS AND DIVESTMENTS

Clavell offers a full range of advisory services to both major corporates and smaller companies on mergers, acquisitions, divestments and company sales including leveraged and management buy-outs and buy-ins.

Clavell’s clients are predominantly New Zealand based but also include offshore corporates particularly in Australia, the USA and Asia.

Clavell undertakes an evaluation of the project with the client to determine potential outcomes at its own expense prior to commencing an assignment. This ensures that its clients’ aspirations are in harmony with what Clavell believes the market can deliver in each case.

Mergers, acquisitions and divestments are by far the largest area of Clavell’s business and has seen Clavell involved in a full range of activities from complex transactions through to relatively straightforward negotiated tender processes and one on one negotiations.
Due to Clavell’s internal evaluation of each project prior to commencement and full commitment to each assignment, the company has an enviable success rate for projects for which it is mandated.

Clavell assists clients to produce information memorandums, search and find partners/prospects, undertake due diligence and negotiate transactions. It provides potential acquisition advice, scopes the project, helps develop the business plan, undertakes risk assessment and SWOT analysis as well as valuing either the target or the entity to be sold and manages the process which may include a full negotiated tender process. If an acquisition of a listed company is undertaken Clavell can advise on strategy and tactics in conjunction with legal counsel, given the requirements of NZX and securities laws of New Zealand. Clavell also handles the sale of businesses internationally in conjunction with its associates in Australia, the United States and Asia.
Clients may well use all of the above services, or only some, depending upon their own resources and requirements.

Examples of projects completed by Clavell’s MD in this area are:

• Advisor to Task Transactions Limited in the sale of the business in two tranches to Linfox Armaguard Pty Limited (November 2006/September 2007).
  
  
• Co Advisor to The New Zealand Wine Fund Limited in the acquisition of Goldwater Estate (April 2006).
  
  
• Co Advisor to Private Life Care of New Zealand Limited in the sale of the business to Macquarie Bank Limited/FKP Limited (December 2005).
  
  
• Co Advisor to Abano Healthcare Group Limited in the sale of the Eldercare business to Macquarie Group (June 2005).
  
  
• Co Advisor to Security Merchants Limited and Security Merchants Australia Pty Limited in the sale of the two companies to Assa Abloy AB (March 2004).
  
  
• Advisor to Task Transactions Limited in the acquisition of Task Technology Limited by way of a management buy out and equity/debt funding (June 2003).
  
  
• Co Advisor to The New Zealand Wine Fund Limited in the acquisition of Vavasour Wines Limited for a sum of $13.5 million (June 2003).
  
  
• Advisor to Rio Beverages Limited in the acquisition by The Coca–Cola Company and Coca–Cola Amatil Limited for a sum of $40 million (November 2002).
  
  
• Co Advisor to listed corporate The Newmarket Property Trust in its on market acquisition by The National Property Trust for $38 million (July 2002).
  
  
• Co Advisor to Fuelquip Consultants Limited in the sale of Fuelquip Services Limited and Supalite Industries Limited to Tyco New Zealand Limited (2001).
  
  
• Co Advisor to EDL Fasteners Limited in the sale of 100% of the shareholding to Wuerth AG (Germany) (2001).
  
  
• Co Advisor to listed corporate Metlifecare Limited in seeking an anchor shareholder Todd Capital Limited (1999).
  
  
• Co Advisor to Cullen Investments Limited in the on market acquisition of 71% of Pacific Retail Group Limited, $46m (1999).
  
  
• Advisor in the formation of a joint venture Rio Beverages Limited between Performance Products Limited and Cerebos Greggs Limited (1997).
  
  
• Advisor in the purchase of FAI Metropolitan Life Group on behalf of Sovereign Assurance Holdings Limited, price $125m (1996).
  
  
• Co Advisor to directors of Noel Leeming Limited in the merger/acquisition of Bond & Bond NZ Limited (1996).

* This is a representative list only.