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

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

September 04, 2019 • By Emma Musgrave
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Philippa Stone
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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).

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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.

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“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.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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