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Mallesons Stephen Jaques has acted for the underwriter, Credit Suisse, of an $80 million institutional placement for Australian Infrastructure Fund (AIX) to help fund its acquisition of an…
Mallesons Stephen Jaques has acted for the underwriter, Credit Suisse, of an $80 million institutional placement for Australian Infrastructure Fund (AIX) to help fund its acquisition of an additional 2.21 per cent stake in Australia Pacific Airports Corporation (APAC), valued at around $75 million.
"After last year's rush of capital raisings to shore up balance sheets and reduce debt, companies are now looking to raise funds for specific purposes, such as to pursue acquisitions," he said.
Mallesons' role involved advising the underwriter on all legal aspects of the placement.
"The experience of our team allowed us to work within the usual tight timeframe for these deals," Watts said.
Mallesons also acted for Super Cheap Auto on its $76 million capital raising to help raise funds for the company's acquisition of retailer Ray's Outdoors.
This transaction was guided by Brisbane mergers & acquisitions partner John Humphrey, who was assisted by senior associate Michael Angelini and solicitor Rhys Casey.
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