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Cashrewards secures IPO and ASX listing
Cashrewards Limited has secured an IPO and ASX listing with legal assistance from Gilbert + Tobin.
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Firm: Gilbert + Tobin (Cashrewards)
Area: Corporate, listings.
Value: $56 million to $136 million.
Key players: The team was led by corporate advisory partner Adam D’Andreti, with support from lawyers Lucy Hall, Cassie Bell, Kevin Zhou and Clancy Bradshaw. G+T’s technology and digital team, led by partner Tim Gole and supported by lawyer Jen Bradley, was also actively involved supporting Cashrewards on the transaction.
Deal significance: The transaction featured a strategic investment into Cashrewards by ANZ of $25 million, with ANZ to be a 19 per cent shareholder in Cashrewards from listing. G+T advised Cashrewards on this strategic transaction.
Mr D’Andreti commented: “It was a pleasure to have advised the Cashrewards team on this fantastic IPO. Not only does Cashrewards set a high bar for businesses looking to make a difference in their community, but the 19 per cent investment by ANZ, and the success of the IPO, is a testament to the strength of the group’s business model and a vote of confidence in its experienced management team.
“We wish the Cashrewards team every success and look forward to seeing the business grow.”
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at: