Forsyth Barr has won the FinanceAsia 2024 Achievement Award for Best M&A Deal.
The annual FinanceAsia Achievement Awards recognise excellence across the financial markets of Asia Pacific and the Middle East, and are determined by an Advisory Board of external experts supported by the FinanceAsia editorial team. In 2024, nearly 1,000 submissions were received across the various awards.
The Best M&A Deal was for the 50% sale of Eastland Generation to Obayashi Corporation at an implied enterprise value of $503m. Forsyth Barr was Financial Adviser to Eastland Generation.
James Dykes, Co-Head of Investment Banking, says this is an outstanding achievement given the award category changes this year which removed New Zealand specific awards. Accordingly, this award is FinanceAsia’s M&A award across all New Zealand and Australian transactions and builds upon Forsyth Barr’s previous achievements of Best New Zealand Investment Bank for the prior three years.
