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Bell Gully

LEVEL 21, VERO CENTRE, 48 SHORTLAND STREET, PO BOX 4199, AUCKLAND 1140, NEW ZEALAND
Tel:
Work +64 9 916 8800
Fax:
Fax +64 9 916 8801
Email:
Web:
www.bellgully.com
Auckland, Wellington

David McPherson

Tel:
Work +64 9 916 8988
Email:
Bell Gully

Work Department

Financial Services.

Position

Banking and finance, Acquisition finance, Asset finance, Restructuring and insolvency, Debt capital markets, Private equity and venture capital, Project finance, Property finance, Transport

Career

David acts for domestic and offshore lenders and borrowers on all aspects of financing transactions.

David acted for the borrower on the restructure of Yellow Pages Group and the restructure of MediaWorks, two of the largest debt restructures undertaken in the New Zealand market in recent years.

He has acted on a range of acquisition financings, including the acquisition of MediaWorks by Ironbridge Capital, the acquisition of Tegel and Griffins by Pacific Equity Partners, and the acquisition of Burger King New Zealand by Blackstone Group. He also acted for Canada Pension Plan Investment Board on the funding of its partial takeover offer for, and proposed amalgamation with, Auckland International Airport.

He also has specialist expertise in cross-border and domestic asset leasing, having acted on numerous leasing transactions including Japanese, German and US leveraged and operating lease structures, defeasance leasing transactions and export credit structures.

Admitted - 1992 New Zealand International Career: Freshfields, London 1994-1996.

Education

BA(History), LLB(Hons), University of Canterbury.


New Zealand

Banking and finance

Within: Leading individuals

David McPherson - Bell Gully

Within: Banking and finance

Bell Gully is 'first class and has an exceptionally strong finance team that is commercial and responsive, and provides fantastic service'. 'The advice is always spot on, every time', remarks one client. Derivatives and structured finance partner David Craig in Wellington leads the practice, which calls on experienced partners in Auckland, including securitisation expert Murray King (who has 'unparalleled knowledge of the law and years of experience at the top'), debt restructuring specialist David McPherson (who is 'always very responsive and can turn his mind to any type of deal'), and special counsel Liz Lim (who handles both debt and equity funding matters). Lim and associate Fran Burley are 'excellent assets to the practice; both have great commercial acumen'. In Wellington, Hugh Kettle advises on major infrastructure projects and finance transactions, including property finance project finance, acquisition finance and the sale and purchase of debt portfolios. The firm's highlights in 2017 included advising Fletcher Building on a NZ$750m fundraising through an underwritten offer to shareholders, and acting for HNA Group in the financing of its NZ$660m acquisition of UDC Finance from ANZ Bank.

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Restructuring and insolvency

Within: Leading individuals

David McPherson - Bell Gully

Within: Restructuring and insolvency

Bell Gully in Auckland frequently advises leading banks such as ASB, ANZ Bank and Bank of New Zealand, as well as accounting firms and receivers including PwC, McGrathNicol, Deloitte and BDO, on some of the largest contentious and non-contentious insolvency matters in the market. For instance, practice head David McPherson is currently acting for KordaMentha as administrator of ten companies in the CBL Group; this is one of the most high-profile matters of 2018, given the complexity of the group structure and the importance of the companies to the insurance and reinsurance market. Litigator and senior associate Nick Moffatt is also playing a central role in that matter. The other key partner in the practice is Tim Fitzgerald, who acted for Ferrier Hodgson as receivers of DSE, which is the New Zealand arm of the Dick Smith group of electronics retail companies. McPherson and Fitzgerald also acted for KordaMentha in all aspects of the receivership of Stonewood Homes Limited.

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Bell Gully

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