Side by side with clients raising more than $4 billion

The Allens Capital Markets team has worked closely with multiple long-standing clients in recent weeks on transactions that have raised more than $4 billion of capital.

In the current economic uncertainty, a number of companies have turned to the capital markets to raise fresh equity. Allens has been working side by side with clients to assist them through this process.

Since the beginning of April, Allens has advised:

  • IDP Education on its $240 million placement and share purchase plan;
  • Reece on its $600 million placement, accelerated renounceable entitlement offer and share purchase plan;
  • Oil Search on its $1.16 billion placement and accelerated renounceable entitlement offer;
  • G8 Education on its $301 million placement and accelerated renounceable entitlement offer;
  • UBS and Macquarie as the underwriters of Flight Centre’s $701 million placement and accelerated renounceable entitlement offer;
  • QBE on its $1.2 billion placement and share purchase plan; and
  • Bapcor on its $180 million placement and share purchase plan.

‘In this period of uncertainty, we value the opportunity to help our long-standing clients raise equity that will assist them to move through the current disruptions to their businesses and be in the best position to thrive when economic conditions improve,’ said Partner Robert Pick, the Melbourne-based Co-Head of the Allens Capital Markets team.

Partner Julian Donnan, the Sydney-based Co-Head of the Allens Capital Markets team, added: ‘While capital raisings remain beholden to market conditions and investor appetite, the Australian regulatory environment – including the recent temporary changes introduced by ASIC and ASX – continues to facilitate an effective environment for ASX-listed issuers to raise capital quickly, efficiently and with certainty.’

/Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.