David Raudkivi

Partner

Corporate Advisory

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Profile

As a partner in the Corporate Advisory Group, David focuses on capital markets, mergers and acquisitions (M&A), takeovers, private equity and other corporate transactions.  

David has extensive experience on public company transactions, including significant initial public offerings, secondary capital raisings, block trades, takeovers and schemes of arrangement.

David also advises sovereign wealth and pension funds on large scale investments in New Zealand, including in the forestry sector.

Experience

David's capital markets experience includes advising:

  • Fonterra on the initial public offering of NZX and ASX listed units in the Fonterra Shareholders' Fund as part of the 'Trading Among Farmers' programme introduced by Fonterra.
  • Genesis Energy on its IPO as part of the New Zealand Government's mixed ownership programme.
  • Origin Energy on the block trade sale of its entire control shareholding in Contact Energy.
  • Fairfax Media and Trade Me on the initial public offering of NZX and ASX listed shares in Trade Me Group and advising Fairfax Media on its subsequent block trades of shares in Trade Me.
  • Macquarie as underwriter and bookrunner of the block trade of shares in NZX listed Vista Group International.
  • Arrium on the block trade sale of its entire control shareholding in Steel & Tube.
  • Forsyth Barr, Macquarie Bank and UBS on their underwriting of the Metro Performance Glass IPO.
  • First NZ Capital Securities Limited, Credit Suisse (Australia) Limited, Goldman Sachs New Zealand Limited and Macquarie Capital (New Zealand) Limited, as joint lead managers of the initial public offering of shares in Mighty River Power Limited.
  • Goodman Property Trust on its underwritten institutional placement.
  • The Warehouse Group on its underwritten institutional placement.

David's M&A and takeover experience includes advising:

  • Infratil Limited on its partial takeover of Trustpower.
  • Zhejiang Rifa Holding Group Co on its partial takeover and subsequent take private of Airwork Holdings.
  • The board of Radius Properties Limited on the partial takeover offer made for its ordinary shares by Montagu Investment Holdings Limited and the subsequent going private transaction under scheme of arrangement.
  • Trustpower on its demerger and NZX and ASX listing of Tilt Renewables. 
  • Hancock as manager of Tasman Bay Forests Company on the sale of 24,000 ha of forestry to Sumitomo Forestry Group.
  • Healthscope on its acquisition of the Wellington pathology assets from Abano Healthcare and Sonic Healthcare.
  • Retirement Villages Group on its three-way stock for stock merger with Metlifecare and Vision Senior Living.
  • Pacific Equity Partners on the sale of Tegel Foods.
  • Avis Budget Group on its acquisition of Apex Car Rentals.
  • Fairfax Media on the acquisition of Trade Me.

Credentials

LLB (Hons), BCom, University of Auckland
LLM, Columbia University New York (James Kent Scholar)

Professional

David is ranked as a leading Capital Markets lawyer in New Zealand by Best Lawyers® 2019, described in the Legal 500 as a "standout practitioner" for Corporate and M&A and recognised in the 2019 IFLR1000 client feedback - "David has great all-round capital markets expertise and provides excellent client service."

David is admitted to practise in New Zealand and in New York. In 2007 and 2008, David worked in the mergers and acquisitions team at Davis Polk in Manhattan.

David joined Russell McVeagh in 2003, before gaining overseas experience and returning to the firm in 2010. He was promoted to a partner at Russell McVeagh in 2015.

 

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