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A consortium comprising Infratil Limited (Infratil) and Brookfield Asset Management Inc. (Brookfield) today announced it had executed a conditional agreement to acquire Vodafone New Zealand from Vodafone Group Plc for an enterprise value of NZ$3.4b.

Buddle Findlay partners Simon Vodanovich, Nick Bragg, Allan Yeoman, Sarah McEwan and Steve Nightingale advised Infratil and Brookfield, while Bell Gully, led by partners Anna Buchly and James Gibson advised Vodafone Plc.

Simon Vodanovich, lead partner at Buddle Findlay said:

"We are delighted to have had the opportunity to act for Infratil and Brookfield on this landmark New Zealand transaction." 

Kellee Clark, Head of Legal, Morrison & Co commented:

"Infratil and Brookfield could not have achieved this transaction milestone without the outstanding skills and dedication of the whole team at Buddle Findlay."

The deal is subject to regulatory approvals and completion is expected in the third quarter of 2019.