King & Wood Mallesons has advised Namoi Cotton Limited on an institutional placement and share purchase plan to raise $12 million.
Firms: King & Wood Mallesons (KWM)
Value: $12 million approximately.
Area: Capital markets, equity.
Key players: The KWM team was led by senior consultant John Humphrey, partner Rhys Casey, senior associate Matt McKeown and solicitors Tamara Akl and Kate Cincotta.
Deal significance: According to the firm’s statement, Namoi Cotton will use the proceeds of the capital raising to be harvest-ready for the expected increase in cotton production in 2022 (FY23) and to fund strategic initiatives to strengthen and grow the business.
“It had been a pleasure supporting Namoi Cotton on this capital raising, which has received strong investor demand,” Mr Humphrey said.
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Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
