Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
HWL Ebsworth has advised Ingenia Communities Group on its latest capital raising with Moelis Australia as the underwriter.
Firms: HWL Ebsworth (Ingenia Communities Group)
Ingenia is an ASX-listed real estate investment trust operating lifestyle, holiday and rental communities.
Value: $15.2 million.
Area: Venture capital.
Key players: The HWL Ebsworth team was led by partner Paul Brown (partner) and solicitor Jonathan Yee (solicitor) advising on all aspects of the transaction.
Deal significance: Ingenia raised $15.2 million at $4.79 per security with the support from its participating securityholders and its underwriter (Moelis Australia Advisory).
The equity will be used to partially fund the acquisition of an established lifestyle community on the NSW Central Coast.
Simon Owen, CEO of Ingenia Communities said: “HWL Ebsworth’s team has worked with Ingenia for a number of years on our key capital transactions, and continues to provide exceptional service and comprehensive advice.”
HWL Ebsworth also advised Ingenia on its $131 million placement and accelerated non-renounceable entitlement offer in November 2019.
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Get breaking news
Tony Zhang
