Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
DLA Piper has advised Nearmap on its $92 million equity raising.
Firms: DLA Piper (Nearmap)
Deal: Global law firm DLA Piper has advised ASX 200 technology company Nearmap Ltd (ASX: NEA) on its underwritten $72.1 million institutional placement and its non-underwritten share purchase plan that aims to raise a further $20 million.
Area: Capital markets.
Key Players: DLA Piper’s team was led by head of equity capital markets, David Ryan, with special counsel Kelly Morrison, senior associate Elliott Cheung, solicitor Ellie Harding and graduate Charlie Lian.
Deal Significance: The funds will be used to accelerate growth opportunities, including deeper penetration into Nearmap’s strategic growth verticals, acceleration of the roll-out of HyperCamera3 systems and investment in operational systems and data to support rapid scaling.
“We are delighted to have worked with Nearmap on another key transaction in their impressive history. It is a pleasure to advise Nearmap as it continues its growth journey, evolving from a start-up to next-gen digital content leader,” said lead partner Mr Ryan.
Founded in Perth in 2007, Nearmap provides businesses around the world instant access to high-resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools.
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
