DomaCom Ltd secures capital raising
DomaCom has secured a capital raising for its investment platform with the assistance of Hall & Wilcox.
Firm: Hall & Wilcox (DomaCom Limited)
Deal: Hall & Wilcox advised DomaCom Limited on its capital raising to increase its investment in its DomaCom platform and support growth in the superannuation market via innovative products.
Value: Involved a $3 million fully underwritten pro-rata, non-renounceable entitlement offer.
Area: Capital raising and equity.
Key players: The team was led by partner John Hutchinson, with support from lawyer James Fisher.
Deal significance: DomaCom Limited owns and operates its DomaCom investment platform, which provides the self-managed superannuation fund market and other long-term investors with the opportunity to make fractional investments in a range of asset classes, including property-related investments.
Mr Hutchinson said: “Hall & Wilcox is delighted to have assisted DomaCom with its latest round of equity raising, to complete its recent $6 million recapitalisation program. DomaCom is well placed to continue development of its unique DomaCom platform and its other innovative products.”