Firm: King & Wood Mallesons (amaysim)
Deal: KWM has advised amaysim on an underwritten $50.6 million accelerated non-renounceable pro rata entitlement offer at $0.60 per share together with the arrangement of $91 million in new senior debt facilities.
Value: $91 million
Area: Capital markets, banking
Key players: The KWM team was led by partners David Eliakim and Scott Gardiner, who were supported by senior associates Rahul Mukherkjee and Peixin Truong, as well as solicitors Gemma McMahon and Lawrence Normoyle.
Deal significance: Proceeds from the raising will be used by amaysim to reduce debt and strengthen its balance sheet, supporting the company’s strategic growth initiatives, KWM said in a statement.
Mr Gardiner said: “We are pleased to have had the opportunity to support our long-standing client, amaysim, in strengthening their balance sheet position to facilitate the expansion of their innovative mobile and energy businesses.”
“It was a pleasure to work with the amaysim team and their advisers on a capital raising which was overwhelmingly supported by amaysim’s institutional investor base – a 97 per cent take up is very high by market standards,” Mr Eliakim added.