News | 10 June 2020
Leading Australian business law firm Hall & Wilcox has advised Victory Offices Limited on its recently announced capital raising, which will strengthen the company’s balance sheet to manage the ongoing impact of COVID-19.
Victory Offices, a leader in Australia’s evolving flexible workspace industry, provides comprehensive serviced office packages and co-working spaces as an alternative to traditional office space.
The Hall & Wilcox team was led by Partner John Hutchinson, with support from lawyers James Fisher, David Holland and Rebecca Kazzi. The equity raising involved a $15.3 million fully underwritten pro-rata non-renounceable entitlement offer.
John Hutchinson commented, ‘We are delighted to have assisted Victory Offices’ recent capital raising which leaves the company well-positioned as business conditions improve.’
Hall & Wilcox has a strong equity capital markets practice, with extensive experience in high-profile capital raising and capital management transactions. We have acted on a number of IPOs and ASX listings, secondary retail and institutional offerings, capital raising transactions by managed investment schemes, stapled security structures, on-market buy-backs and capital reductions. We also assist ASX-listed clients with ongoing compliance and corporate governance-related obligations.
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