Partnership to facilitate trans-Tasman capital raising
New Zealand investment banking firm Murray & Co has entered a trans-Tasman alliance with Australian financial advisory firm Gresham Partners.
The new partnership between the two financial institutions is set to provide new and existing Murray & Co clients with numerous benefits.
Since 2004, Murray & Co has provided financial, strategic and transactional advice to companies and other commercial entities.
Gresham Partners is an independent Australian financial advisory and funds management business which specialises in corporate advisory, funds management, property and capital solutions.
Murray & Co executive chairman Justin Murray (pictured above) said the new partnership with Gresham Partners would facilitate cross-border capital raising and enhance the respective firms’ offerings in trans-Tasman mergers and acquisitions.
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“The Australian market is the most important offshore source of capital for Kiwi companies,” Murray said.
“Working with Gresham will give our clients access to Australian capital markets while we can provide access to the New Zealand market for Gresham’s clients.”
Murray said Gresham Partners was a leading and trusted source of corporate and financial advice in the Australian market.
“Some of their recent major transactions have included advising Woodside on its merger with BHP Petroleum, Crown Resorts on the takeover by Blackstone and the ANZ Board on its acquisition of Suncorp Bank and the associated capital raising,” he said. “Gresham also has a leading debt advisory business that has advised on over $75 billion of debt financing during the past five years.”
Murray said international capital flows were essential for the New Zealand market.
“Over 60% of the transactions Murray & Co has completed in the past year have been cross-border,” he said.
“Australia has been one of New Zealand’s top trading partners for many years. Our alliance with Gresham reflects not only our respect for their firm, but also the importance of the Australian market for New Zealand’s economy and our clients.”
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Murray said it was a pleasure to formalise the trans-Tasman relationship.
“We share the same values and both firms are recognised as trusted advisors with a focus on long-term client relationships,” he said. “We look forward to strengthening our offering to clients through this alliance and supporting them in accessing the growth opportunities provided by cross-border transactions.”
Gresham Partners managing director Charles Graham said the financial advisory welcomed the new and important partnership with Murray & Co.
“This will enhance the capability to service clients across the region and we are excited about working together in the future with Justin and his team,” Graham said.
“Gresham’s Sydney, Melbourne and Perth offices provide a network covering Australia’s significant markets, so together with Murray & Co’s Auckland and Christchurch offices and with several new appointments including Auckland managing director Cameron Baudinet, we look forward to the next chapter together.”
