David Wallace – Joint Managing Director
David has over 20 years’ experience in investment banking, equities research and corporate treasury working in the capital markets in New Zealand and the UK. He has led numerous mandates undertaken by Armillary Private Capital across the spectrum of investment banking and advisory services. David was instrumental in the establishment of Touchstone Capital Partners and continues to lead the team which manages that investment company and the day-to-day operations of the Unlisted Securities Exchange market. Prior to joining Armillary Private Capital’s predecessor he has worked for JP Morgan, Clear Communications, NZ Steel, and Winstone Limited. David holds a Bachelor of Commerce degree from Canterbury University and a Post Graduate Diploma in Business Finance from the Auckland University Graduate School of Business.
View selected engagements in which David Wallace has been involved.Selected Engagements:
| Earthcare Environmental | Capital Structure Review |
| Ebert Construction | $30m Performance Bonding Facility |
| GFNZ | Independent Advisor Report |
| Pinnacle Corporation | Business Integration Valuation |
| Savoy | Independent Advisor Report |
| GER Group | Strategic Advisory, Refinancing & Business Turnaround |
| Manawatu Precision Enterprises | Sale of MPE to Wells Electrical |
| Datamail | Valuation of Calcium E-marketing Solutions |
| Pulse Utilities NZ | $3.4m Equity Raising |
| Active NZ | $8.75m Acquisition of Active, $4.5m Debt Facility Due Diligence Purchase Price Allocation |
| Cuthbert Stewart | Advisory in respect of implementing an EVA Incentive Program |
| Lombard Group | Acquisition Due Diligence on Tasman Mortgages & Tasman Mortgage Brokers and United Home Loans |
| Northpine | Financial Performance Review |
| PowerHouse People | Acquisition of PowerHouse People by Rubicor Group |
| Brightwater Engineers | Structuring and Arranging $20m Build Own Operate Transfer Project |
| Green Fingers | Debt Refinancing & Acquisition Facility |
| Groenz | Arranged $5.1m Debt Facility and $1.4m Preference Share placement |
| Citylink | Review of MBO Funding Structure |
| Cube Capital | Acquisition Due Diligence on Smartpay New Zealand |
| Touchstone Capital Partners | Structuring & Equity Raise |
| Calgary Petroleum | Private Placement |
| NZ Crane Hire | $10m Equipment Finance |
| NZ Life Care Group | $4.3m Aged Care Facility Sale and Lease Back |
Asset Management & Governance:
| Snow Sports NZ | Board member and Chair of Audit and Risk Committee (current) |
| Unlisted | Asset Management (current) |
| Touchstone Capital Partners | Asset Management (current) |
| GER Group | Advisory Board chair |
Leon Grandy – Joint Managing Director
Leon has over 20 years’ experience in corporate banking, structured and trade finance, financial training and executive management in New Zealand. He has managed a number of M&A and debt advisory transactions for our clients, whilst leading our training business. Leon has trained thousands of people in relation to a range of financial, risk and management topics working with corporates, law firms, tertiary institutions and a number of government agencies. Prior to joining Armillary Private Capital’s predecessor he worked for ABN AMRO, AXA, HSBC and Westpac. At AXA Leon managed leading quartile performance funds as recognised by Morningstar investment services. He is a graduate of Victoria and Massey Universities, holding a Bachelor of Arts, a Post Graduate Diploma of Banking and Finance, and a Graduate Diploma in Arts and has received fellowships from a number of Australasian Banking and Finance institutes. Leon was a Commissioned Officer in the NZ Army.
View selected engagements in which Leon Grandy has been involved.Selected Engagements:
| Cabernet Food | Acquisition Advisory |
| Education New Zealand | Project Review |
| GlobeClaritis | Strategic Advisory |
| KiwiStar Optics | Strategic Advisory |
| The Research Agency | Acquisition of The Research Agency & Acquisition Finance |
| NZ Transport Authority | Investment Behaviour Audit |
| Ricoh South Pacific | Acquisition Advisory |
| SKIDS | Equity Raising |
| Dynapack | Funding Options Review |
| Keith Andrews Trucks | Acquisition of Roadlife Trucks & Debt Financing |
| Mojo | Strategic Advisory & Funding Options Review |
| Wilderness Motorhomes | Private Placement |
| Braincell | New Business Venture Review and Review of Partnering Opportunity |
| Jobs.co.nz | Capital Restructure & Convertible Debt Issue |
| RoadCraft and Wilderness Motorhomes | Debt Raising |
| Red Hot Business Coaching | Debt Raising |
| Product Placements | Sale of Product Placements |
| Brightwater Engineers | Structuring and Arranging $20m Build Own Operate Transfer Project |
| Prime Finance | Acquisition of Prime Finance by Allied Farmers Finance |
Asset Management & Governance:
| NZ Trade and Enterprise | Advisor to International growth fund (current) |
| Keith Andrews Trucks | Advisory board member (current) |
| Switched on Property Group | Advisory board chair (current) |
| Roadcraft | Compromise Manager |
| SKIDS | Advisory board chair |
| 77 Pieces Ltd | Director |
Nigel Foster – Managing Director
Nigel has had more than 20 years’ experience specialising in business improvement and turnaround management, including 5 years as CEO of McCallum Petterson and leading its business improvement and turnaround division. Nigel provides governance and management support for businesses needing hands-on help to undertake change, frequently in circumstances of business distress, and in migrating businesses towards a more robust approach to governance. His experience spans a wide range of business sectors. Prior to his role at McCallum Petterson Nigel was a shareholder/director of a large Wellington-based IT services company. Nigel holds the degrees of Bachelor of Commerce and Administration and Master of Business Administration from Victoria University of Wellington.
View selected engagements in which Nigel Foster has been involved.Governance:
| Earthcare Group | Board chair (current) |
| Ebert Construction | Board chair (current) |
| Emergency Management Associates (NZ) | Director (current) |
| NZ Crane Group | Director (current) |
| Pinnacle Corporation | Board chair (current) |
| Tamaki Tours | Board chair (current) |
| Waitui Park | Director (current) |
Martin Gray – Executive Director
Martin is an Executive Director in our Auckland office with over 20 years of corporate finance experience in Asia, New Zealand and Europe and head M&A services for EY in New Zealand. He has advised on over 100 transactions with a total value exceeding US$1bn. Martin’s key areas of expertise include mergers and acquisitions, business disposals, finance raisings, project finance, independent expert reports, valuations, and due diligence, with substantial listed and private company lead advisory experience. Martin holds a Bachelor of Commerce and a Diploma in Business (Finance) from the University of Auckland. He also holds the ACA qualification through Chartered Accountants Australia and New Zealand.
Geoff Davis – Executive Director
Geoff has over 20 years’ experience in finance and investment markets with a particular emphasis on corporate finance, equity capital markets and all aspects of M&A. In that time he has managed numerous transactions spanning the full breadth of public and private markets. Geoff has also gained practical corporate governance experience having served as a director on a number of listed and non-listed company boards as well as providing the company secretarial function to others. At Armillary Private Capital, Geoff has a particular focus on the Investment Banking and Advisory Services aspects of the firm’s business as well as being a non-executive Director on the board of NZX-listed telco TeamTalk Limited. Prior to joining Armillary Private Capital Geoff has worked at TeamTalk, Active Equities, Brierley Investments and National Mutual / AXA Funds Management. Geoff holds a Bachelor of Commerce degree from The University of Auckland and has obtained the ACA qualification through Chartered Accountants Australia and New Zealand.
Mark Jarvis – Associate
Mark has wide-ranging experience in the New Zealand capital markets with a background in investment banking and corporate advisory. He has both led and been involved in a number of significant engagements including capital raisings, both public and private – debt and equity, and a range of acquisition, divestment, and merger transactions. Prior to joining Armillary Private Capital, Mark was a Director of a boutique corporate advisory firm and prior to that Director, Investment Banking at Forsyth Barr where he was a key member of the investment banking team for over 10 years having a particular focus on property and diversified industrials. Mark holds a Bachelor of Commerce degree from The University of Auckland.
Peter Bosworth – Associate
Peter Bosworth has had executive roles in the commercial, corporate and agribusiness markets having spent 15 years working in the banking and finance sector for Westpac and SCF. For the last eight years and prior to joining Armillary Private Capital he has been advising clients across a number of sectors on strategic initiatives, debt and equity raising, mergers and acquisitions, new growth developments and governance. Peter holds a Bachelor of Commerce (Agricultural) from Lincoln University and a Masters in Business Administration from Canterbury University. Peter is currently a director and Trustee of Hohepa Services Limited and Hohepa Homes Trust Board and sits on and chairs a number of advisory boards for private companies.
Dene Biddlecombe – Associate
Dene is a Fellow of the Chartered Accountants Australia New Zealand and a Chartered Member of the NZ Institute of Directors. Dene has extensive experience in governance and senior management roles in the public and private sectors. He is currently Executive Chairman of Lateral Profiles and holds governance roles at numerous other entities. He was the CEO of NZAX listed Pulse Energy Limited and NZX listed Horizon Energy Distribution Ltd and formerly CFO for NIWA, with responsibility for their research and commercial activities in the United States. Dene has a Master of Business Administration from Otago University in Marketing and Corporate Strategy.
Hamish Brimble – Manager
Hamish joined the Armillary Private Capital team in August 2013. He provides support to the senior team, operating across the Investment Banking, Fund Management and Advisory areas of the firm as well as the day-to-day operations of the Unlisted Securities Exchange market. Hamish comes from an accounting background working the past 5 years in a mid-tier accounting firm where he gained his Chartered Accountancy qualification. Hamish holds an Honours Degree in Applied Science majoring in Computational Modelling from the University of Otago, along with a Bachelor of Commerce degree from the same institution. In 2016 he became a Chartered Alternative Investment Analyst through the CAIA organisation.
Oliver Cuthill – Senior Analyst
Oliver joined Armillary Private Capital in October 2015, he operates in all aspects of the business providing analysis and support to the senior members of the team based in Auckland. Oliver holds a Bachelor of Commerce from the University of Otago and gained his Chartered Accountancy qualification in 2015 while working for BDO in Wellington. He has previously worked at a progressive mid-tier accountancy firm in Dunedin prior to moving to Wellington. Oliver is currently studying towards his CFA qualification.
Charles Pearce – Analyst
Charles Pearce joined Armillary Private Capital in March 2017 as an Analyst providing support to the senior members of the team. Charles holds a Bachelor of Commerce with Honours from Lincoln University, and studied company law in Europe. He has previous work experience with a UK-based financial services company and is currently studying for his CFA.
Thomas Cook – Finance and Compliance Officer
Thomas joined the Armillary Private Capital team in January 2016. He provides Finance and Compliance support to the Senior Management Team as well as providing financial assistance to our clients. Prior to Armillary, Thomas spent 3 years working as a Business Analyst in the Corporate Trustee Services of Public Trust. Thomas holds a Bachelor of Commerce and Administration majoring in Human Resource Management and Commercial Law, along with a Graduate Diploma in Commerce with Accounting Specialisation. He also completed his Chartered Accountancy qualification through CAANZ in 2016.
Louise Hodges – Admin and Accounting Assistant
Louise joined Armillary Private Capital in March 2017 as an Administration and Accounting Assistant. She has previously worked as an Assurance and Advisory Analyst at one of the big four accounting firms, and as an Office Administrator at a corporate and commercial law firm. Louise holds a Bachelor of Commerce majoring in Accounting and Commercial Law from Victoria University of Wellington, and will begin studying towards her Chartered Accountancy qualification in early 2018.