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GQG Partners advised on $1.2bn IPO of CDIs
GQG Partners has become a listed company with assistance from BigLaw firm Herbert Smith Freehills.
Naomi Neilson
Firm: Herbert Smith Freehills (GQG Partners Inc)
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Deal: Herbert Smith Freehills (HSF) has advised GQG Partners on its initial public offering of CHESS Depositary Interests (CDIs).
Value: The deal raised $1.2 billion for a $5.9 billion listing on the ASX.
Area: Finance, IPO.
Key players: The deal team was led by partner Philip Hart and executive counsel Cecilia Mehl, who were supported by senior associate Jessica Voong, and solicitors Adrian Palladino and Alex Jarmyn.
The team also included financial services specialists comprising partner Fiona Smedley, senior associate Yorick Ng, partner Nish Dissanayake, senior associate Davy Thai. They were assisted by corporate governance senior associate Bianca Marcocci.
Deal significance: The IPO comprised an Institutional Offer and Broker Firm Offer of CDIs over shares of common stock in GQG Partners.
As of September 2021, GQG Partners managed US$85.8 billion across its investment strategies for investors, including pension funds, sovereign funds, wealth management funds and other financial institutions around the world.
Mr Hart said: “We congratulate GQG Partners on its successful IPO and are very pleased that the Herbert Smith Freehills team was able to assist on this significant achievement. It was a pleasure working with the GQG Partners team, and we wish them every success as a listed company.”
