Our extensive experience and knowledge of market practices together with our established relationships allow us to add significant value in managing equity capital markets (ECM) transactions. We have significant experience in capital raisings, listings and other capital market transactions, including in managing initial public offers (IPOs) and ASX listings and preparing and advising on offers and disclosure documentation. Our broad capital markets experience coupled with our ability to deliver creative, commercial solutions means we are well placed to advise both listed and unlisted companies on their capital markets transactions.
IPOs and ASX listings
We act for companies and responsible entities on initial public offers and ASX listings. We work closely with our clients and their advisors in managing the IPO and listing process, tailoring our delivery to meet our clients’ business needs, resourcing and project timeframes. Our team has a deep understanding of the requirements and approaches taken by investors and underwriters/lead managers, as well as expertise in the evolving regulatory landscape. This, along with our strong relationships with regulators, enables us to provide relevant and informed advice on the key issues that arise throughout any IPO or listing transaction.
Secondary capital raisings and capital markets advisory
We have extensive experience in secondary retail and institutional offerings, capital raising transactions by REITs and other managed investment schemes, recapitalisations, stapled security structures, on-market and off-market buy-backs and capital reductions. We prepare and advise on offer and disclosure documentation, including prospectuses, product disclosure statements, information memoranda and cleansing notices. We frequently advise unlisted companies on seed capital and pre-IPO raisings.
Independent and tailored service with strong relationships
Our team works with a range of external advisers including brokers, underwriters, accountants and corporate advisors. We pride ourselves on the firm’s collegial culture and work closely with other Hall & Wilcox experts as required. We take the time to understand what our clients’ needs are and we know the importance of tailoring our advice and guidance to suit the unique features of each transaction.
Industry focus and expertise
Our team has expertise and experience in key industries, including technology and digital economy, financial services and insurance, property and projects, and health and community. We have built strong industry connections which enable us to understand the complex range of issues that our clients face when undertaking capital markets transactions.
We are renowned for our Smarter Law approach. We are constantly challenging existing business models, implementing forward-thinking technological solutions and engaging in creative resourcing. For capital market transactions, this means getting the deal done faster and more efficiently while allowing our clients to focus on achieving their commercial objectives.
Members of our team are internationally recognised as leading lawyers in capital markets in Australia.
Our capital markets transactions
Advising Maggie Beer Holdings (ASX: MBH) on its $30.0m capital raising involving a $10.9m placement and a $19.1m accelerated non-renounceable entitlement offer (fully underwritten by Bell Potter Securities Limited), to fund the cash component of its $40.0m acquisition of e-commerce company Hampers & Gifts Australia.
Advising Arena REIT (ASX:ARF) on its fully underwritten $75.0m IPO and ASX listing and numerous capital transactions (including the internalisation of its funds management business to become a triple stapled internally managed A-REIT and the merger by stapling of Arena REIT and Sydney HealthCare Trust).
Advising Powerwrap Limited (ASX: PWL), one of Australia’s leading wealth management and administrative platforms, in respect of its $17.4m IPO and ASX listing (fully underwritten by Bell Potter Securities Limited and Baillieu Limited). Subsequently advising on the successful $70.0m off market takeover bid by Praemium Limited (ASX:PPS).
Advising Arena REIT, an ASX300 listed property group, on its $70.0m capital raising involving a $60.0m institutional placement (fully underwritten by Morgan Stanley) and a $10.0m securities purchase plan.
APN Funds Management
Advising APN Funds Management Limited in respect of the recapitalisation (through a withdrawal offer, $36.0m rights issue and public offer underwritten by Morgans) and delisting of the APN Regional Property Fund.
APN stapling transaction
Advising APN Property Group Limited on its restructure to form a stapled group listed on the ASX, which included the listing of a new registered managed investment scheme and stapling of the units in that scheme with the existing listed shares.
Advising DomaCom Limited (ASX:DCL), Australia’s first fractional investment platform, on its $23.71m IPO and ASX listing.
Advising Aussie Broadband Pty Ltd on its $25 million pre-IPO capital raising through the issue of convertible notes.
APN Industria REIT IPO
Advising APN Funds Management Limited on the $250 million IPO and ASX listing of APN Industria REIT (ASX:ADI).
Advising Acumentis (ASX: ACU) (formerly LandMark White Limited) in respect of its $5.5m partially underwritten rights issue and public offer and in respect of institutional placements.
APN Property Group IPO
Acting for APN Property Group Limited (ASX:APD) on its underwritten $31m IPO and ASX listing, subsequent institutional placements, director sell-down, non-renounceable rights offers and restructure to form a stapled group.
Advising Netccentric, a Singapore-headquartered fintech company (ASX: NCL), in respect of its $9.35m IPO and ASX listing.
Acting for Inabox Group Limited (ASX:IAB) on its IPO and ASX listing.
Capital Markets| 26 Nov 2021
In this edition, we consider ASIC’s new guidance on cryto-asset licensing and market regulation, new and updated APRA FAQs on a range of matters and a suite of ASX regulatory updates, and much more.
Capital Markets| 15 Nov 2021
ASIC has warned that social media activity, including 'pump and dump' campaigns, can amount to market manipulation. We outline what investors, market participants and listed entities need to watch out for.
Capital Markets| 09 Nov 2021
Companies that are engaged in placing or renewing their Directors and Officers liability insurance cover will be very aware that the insurance market continues to be in a ‘hard’ cycle, where restricted cover and higher premiums create coverage issues and costs pressures.
Capital Markets| 22 Oct 2021
A quick reminder that Directors can apply for a Director Identification Number (DIN) from 1 November 2021, and existing directors must have applied for a number by 30 November 2021.