Joint managers advised on Macquarie’s billion-dollar share purchase plan

By Emma Ryan|03 September 2019

Herbert Smith Freehills has advised joint lead managers on Macquarie Group Limited’s institutional placement and share purchase plan worth $1 billion.

Firm: Herbert Smith Freehills (joint lead managers: Macquarie Capital [Australia] Limited, Merrill Lynch Equities [Australia] Limited and JPMorgan Securities Australia Limited); King & Wood Mallesons (Macquarie Group Limited).

Deal: The joint lead managers of Macquarie Group Limited’s (MGL) have been advised on a placement to institutional investors and share purchase plan.

Value: $1 billion

Area: Finance

Key players: The Herbert Smith Freehills team was led by partner Philippa Stone, supported by special counsel Rob Finlay, solicitor Michael Burrell and graduate Jessica Palazzolo.

Deal significance: This transaction is described as the biggest of its kind for 2019 so far.

The proceeds received by MGL under the offer will provide MGL with flexibility to invest in new opportunities.

“We are delighted to have acted for the joint lead manager syndicate in another successful Macquarie capital raising," said Ms Stone.

"This transaction follows our recent role acting for the joint lead managers on the offer of Macquarie Capital Notes 4.”

Joint managers advised on Macquarie’s billion-dollar share purchase plan
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