Firms: Baker & McKenzie (Macquarie Capital as underwriter), Addisons (issuer)
Deal: Ainsworth Technology’s fully underwritten share placement
Value: $44 million
Key players: Partner Craig Andrade led the Bakers team, which included associate Cathy Chan. Partner Andrew Reilly also provided international securities law advice.
Deal significance: Andrade intends to use the capital raised to fund future growth in the Americas, develop new products, expand R&D, pay down debt and redeem outstanding convertible notes.
"We were pleased to be instructed by Macquarie on this important capital raising for Ainsworth,” said Andrade.