Investment fund undertakes IPO
Corrs Chambers Westgarth has advised a syndicate of 11 joint lead managers and co-managers on a $281 million IPO of a newly ASX-listed alternative investment manager.
Firm: Corrs Chambers Westgarth (joint lead managers and co-managers, listed below), Kardos Scanlon (Regal Investment Fund)
Deal: An 11-party syndicate has been advised on its management of Regal Investment Fund’s IPO.
Value: $281 million
Key players: The Corrs team was led by partner Fadi C. Khoury.
Deal significance: Corrs Chambers Westgarth reported Regal Investment Fund as a specialist alternative investment manager with a primary focus on long-short investment strategies.
Regal Investment Fund listed on the ASX on 14 June 2019, with a $281 million initial public offering, it said.
Mandated to act for the syndicate of 11 joint lead managers and co-managers, the law firm noted the lead arranger for the offer as being National Australia Bank Limited.
The joint lead managers were Morgan Stanley Australia Limited, Bell Potter Limited, Evans Dixon Limited, Morgans Financial Limited, National Australia Bank Limited, Ord Minnett Limited, Shaw and Partners Limited, Taylor Collison Limited and Wilsons Corporate Finance Limited, it was reported.
The firm also highlighted Equity Trustees as acting as the responsible entity and issuer of the Regal Investment Fund.
Corrs Chambers Westgarth lead partner on the matter, Fadi C. Khoury, said the launch “supports the continuing trend of self-managed superannuation funds and other investors seeking diversification away from traditional asset classes in their portfolios”.