DomaCom Ltd secures capital raising

By Naomi Neilson|16 January 2020

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.”

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DomaCom Ltd secures capital raising
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