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DomaCom Ltd secures capital raising

DomaCom has secured a capital raising for its investment platform with the assistance of Hall & Wilcox.

January 17, 2020 • By Naomi Neilson
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Firm: Hall & Wilcox (DomaCom Limited)

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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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Naomi Neilson
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly, as well as other titles under the Momentum Media umbrella. She regularly writes about matters before the Federal Court of Australia, the Supreme Courts, the Civil and Administrative Tribunals, and the Fair Work Commission. Naomi has also published investigative pieces about the legal profession, including sexual harassment and bullying, wage disputes, and staff exoduses. You can email Naomi at: naomi.neilson@momentummedia.com.au.

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