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G+T helps listing get to the chequered flag
Gilbert + Tobin has acted on an IPO for an Australian car company.
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Firms: Gilbert + Tobin (Burson Group Limited); Allen & Overy (underwriters)
Deal: Burson Group Limited IPO
Value: $298 million
Area: Capital Markets
Key Players: G+T’s team was led by Peter Cook (pictured) and Rachael Bassil. A&O Sydney-based partner Tony Sparks headed-up A&O’s team
Deal Significance: Burson Auto Parts is an Australian-owned car parts company. It has 116 stores in Australia, and by listing on the ASX as Burson Group Limited, it hopes to raise the necessary capital to help it achieve its goal of having a 175 stores throughout Australia within five years. “It was a pleasure to have worked with Burson, Quadrant and the underwriters, Morgan Stanley and UBS, and the other advisors on such an important transaction that sets Burson on its next phase of growth,” said Cook.
