Corporate law experts handle cross-border merger and Nasdaq listing

The complex transaction involved capital raising, a scrip-for-scrip rollover in Australia, and a delisting and listing on the Nasdaq in the US

Corporate law experts handle cross-border merger and Nasdaq listing

Wynn Williams has played a key role in the complex cross-border merger of a New Zealand intimate apparel company with a US business.

The firm fielded its corporate advisory team to act for Bendon on its merger with Naked Brand. Nick Kovacevich, who joined the firm’s partnership in January, led the team, Wynn Williams told NZ Lawyer.

Bendon ­is known for brands such as Heidi Klum, Stella McCartney, Fredrick's of Hollywood, Hickory, Fayreform and Davenport. Naked Brand, which was listed on the Nasdaq, is a US-based intimate apparel and sleepwear company sold at major retailers such as Saks Fifth Avenue, Nordstrom and Bloomingdale’s. 

The corporate advisory team handled New Zealand aspects of the deal, Wynn Williams said. This included capital raising before the listing and a scrip-for-scrip rollover of the New Zealand shareholders in Bendon into a new Australian company called Naked Brand Group.

Naked Brand Group listed on the Nasdaq, under the ticker “NAKD,” while Naked Brand delisted after its shareholders swapped their shares for Naked Brand Group shares.

 

Related stories:
Corporate law experts make partner
Firms act on complex transnational merger and listing

 

Recent articles & video

EU FTA ratified as legislation gets Royal Assent

Domain Legal principal urges lawyers to 'stay curious'

Lawyer accused of pressuring dementia-stricken mum into granting him power of attorney

Corcoran French expands partnership with seasoned solicitor

NZ legal professionals mourn lawyer's death in Sydney car accident

Standards committee finds unsatisfactory conduct in senior lawyer's comment to junior staff

Most Read Articles

Tauranga firm brings in new senior solicitor

Standards committee finds unsatisfactory conduct in senior lawyer's comment to junior staff

First-ever Family Court associates appointed

NZ legal professionals mourn lawyer's death in Sydney car accident