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Gilbert + Tobin has advised IMDEX Limited on its latest equity raising worth $224 million.
Firm: Gilbert + Tobin (IMDEX Limited)
Value: $224 million
Area: Corporate advisory
Key players: The Gilbert + Tobin team was led by corporate advisory partners Sarah Turner and Simon Rear.
The pair were supported by lawyers Kevin Zhou, Janelle Sputore, Ryan Gava, Angus Stewart and Maree Casey.
Deal significance: IMDEX was founded in 1980 and is described as a leading global mining technology company that enables drilling contractors and resource companies to safely find, define and mine orebodies with precision and at speed.
According to a statement from Gilbert + Tobin, IMDEX intends to raise up to $224 million via an underwritten institutional placement, a one for six accelerated non-renounceable entitlement offer and a non-underwritten conditional placement to partly fund the proposed acquisition of Devico AS.
Speaking of the equity raise, lead partners Sarah Turner and Simon Rear said: “It has been a pleasure advising the great team at IMDEX on this equity raising to fund the Devico acquisition.
“The funding and the acquisition will give IMDEX a much larger global footprint allowing IMDEX to grow its already successful business.”
