Mergers & Acquisitions

Acquisition of Enerco New Zealand

Morrison & Co advised Southpower, a New Zealand electricity company, on the successful acquisition of a majority stake in the stock exchange listed Enerco, New Zealand’s largest gas distributor and retailer for NZD200 million:

• Valuation of the acquisition;
• Bid preparation and takeover tactics;
• On market purchase strategy and execution of “dawn raid”; and
• Project management of all technical, legal and accounting due diligence advisors.