You have 0 free articles left this month.
Big Law

Pengana Capital being advised on IPO on the ASX

Listed fund manager Pengana Capital Group Limited is being advised by DLA Piper on the initial public offering for its global private equity listed investment trust.

March 25, 2019 • By Jerome Doraisamy
Share this article on:
Facebook X LinkedIn
Pengana Capital being advised on IPO on the ASX
expand image

Firm: DLA Piper (Pengana Capital).

This content is available exclusively to Lawyers Weekly premium members.
Deal: DLA has advised Pengana on the IPO for its Pengana Private Equity Trust, which it said is Australia’s first global private equity listed investment trust. The IPO of the new investment trust on the ASX will include the issue to the LIT of alignment shares in the ASX-listed Pengana Capital Group, DLA said in a statement.

 
 

Value: N/A.

Area: Corporate.

Key players: The DLA team is being led by corporate partners Martin Jamieson and David Ryan, with senior associate Elliott Cheung, solicitor Kelvin Lau and tax partner Eddie Ahn.

The offer is also being made in New Zealand with assistance from NZ funds partner Tracey Cross.

Deal significance: Mr Jamieson said: "We are delighted to once again partner with our client Pengana on this significant transaction, which will see them offer investors unique exposure to a globally diversified portfolio of private equity through a listed vehicle, which is a first for the Australian market."

Discover logo VIEW ALL

He and his team also assisted Pengana to obtain the required ASIC relief “so that it has the longest marketing period ever for any LIT IPO”.

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags