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Youfoodz advised on ASX listing
Baker McKenzie has advised Youfoodz Holdings Limited on its successful initial public offering and ASX listing.
Emma Musgrave
Firm: Baker McKenzie (Youfoodz Holdings Limited).
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Deal: Youfoodz Holdings Limited (Youfoodz) has completed its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX).
Value: The IPO raised $70 million at $1.50 per share.
Area: Equity capital markets.
Key players: The team advising Youfoodz was led by Baker McKenzie corporate partners Lance Sacks and Rick Troiano, with assistance from senior associate Xavier Keary and associates Kurt Fisher and Lewis Assness.
Deal significance: Founded in 2012, Youfoodz is described as one of Australia’s fastest-growing consumer food brands.
The company specialises in the production and distribution of high-quality and affordable fresh, ready-made meals and other convenience products. Shares in Youfoodz commenced trading on 8 December.
“We are very pleased to have been able to assist Youfoodz on this important transaction, which has provided Youfoodz with the funding to support its growth strategy,” lead partner Lance Sacks said.
“We congratulate Youfoodz and its team on this milestone and wish Youfoodz great success in the future.”
