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Clayton Utz was one of three firms that acted on a listing not seen on the Australian capital market before.
Firms: McCullough Robertson (Asia Pacific Data Centre Group); Clayton Utz (NextDC); Allens (underwriters)
Value: $115 million
Key players: Clayton Utz snared the role of advising the ASX-listed NEXTDC on this IPO, Australia’s first listed data centre real estate investment trust (REIT). NEXTDC holds a 23 percent interest in the Asia-Pacific Data Centre Group (APDC) and is its largest initial security holder.
Brisbane-based corporate advisory / M&A partners Tony Lalor (pictured) and Tim Reid led the firm’s team, with assistance from real estate partner Michael Richardson.
McCullough Robertson advised APDC and Allens acted for the underwriters, RBS Morgans and Evans & Partners
Deal significance: This was Australia’s first listed data centre real estate investment trust and is further evidence of a more buoyant capital market.
“The successful launch of the APDC Group contributes to the re-emergence of REITs in the Australian market as investors seek stable yields,” said Lalor.
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