The Allens team, led by Partners Alex Ding and Vijay Cugati, consisted of senior associate Bob Speed and lawyers Lisa Bau and Anastasia Maynes.

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"Once again, the capital markets team has done a fantastic job at helping raise capital to strengthen the balance sheet of one of our valued clients," commented Ding, co-head of the Equity Capital Markets Practice Group.

"As proven here, it does not matter where our client is based, the team worked efficiently out of our various offices to service Billabong's management team who are based on the Gold Coast to ensure the transaction was launched in a timely manner and in a way which enables Billabong to benefit from our recent experience on many similar accelerated rights issue transactions."