Deal: Butn Limited has been advised on its pre-initial public offering (pre-IPO), strategic partnership with KKR-owned MYOB Limited, successful capital raising, and listing on the ASX and IPO, with assistance from K&L Gates.

Value: $12.5 million (pre-IPO); $20 million (IPO).

Area: Capital markets, corporate.

Key players: The K&L Gates team that advised Butn was led by capital markets and corporate/M&A partner Harry Kingsley, supported by special counsel Kaveh Zegrati, lawyers Alex Garfinkel and Karla Hodgson, graduate Peter Keeran, and a broader team of lawyers Australia-wide.

Financial services advice was provided by partner and fintech authority Daniel Knight and lawyer Simon Kiburg. Technology and privacy advice was provided by partner Cameron Abbott and special counsel Rob Pulham and Warwick Andersen.

Deal significance: As per a statement provided by K&L Gates, the "oversubscribed" IPO will be used to fuel the growth plans of the business.

“Butn engages in B2B invoice factoring and is developing key platform partnerships for its services including with MYOB Limited,” the statement said.

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Commenting further, K&L Gates’ Harry Kingsley said: “We are very pleased to have been able to assist Butn with its successful pre-IPO, MYOB partnership and ASX listing. Butn is a unique company that has taken a traditional business model and automated it to provide a scaleable cash flow solution to the wider B2B market.

“We congratulate the Butn team and very much look forward to being part of the company’s future growth and success.”