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MMG, IAG and IIF: one partner, three deals
An apparent super-hero partner at one top tier firm works on three announced deals in one week. We have the word on this week's deals...
The New Lawyer
As reported by The New Lawyer today Mallesons has acted for Macquarie Capital Advisers and RBS Equity Capital Markets as underwriters for the entitlement offer to raise $294 million to reduce debt.
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And that was Shannon Finch working on the capital raising, as lead partner with David Friedlander.
Then, as the firm acted for IAG Finance (New Zealand) on a proposed restructure of its A$550 million Reset Exchangeable Securities (RES), again Finch was leading the pack.
Finch herself said of that deal: “The restructure involved very significant technical skills within the Mallesons team. We acted on the initial design of the RES five years ago and it was one of the most fascinating and complex transactions we’ve been involved in. The team was really pleased to work with the client again on the restructure.”
And Mallesons was pleased with Finch's work generally. Partner Stephen Minns, co-head of M&A at the firm said of her recent work: “[Finch] has been kept extremely busy on a number of significant announced deals, which is a real credit to her work as a leading capital markets lawyer.”With an already impressive duo of deals behind her, Finch realised a hat trick this week when she acted for the joint lead managers on an A$700 million capital raising announced by ING Infrastructure Fund (IIF).
The fully underwritten capital raising comprises an accelerated non renounceable 1-for-1 entitlement offer to raise approximately $544 million and an institutional placement to raise approximately $156 million.
Finch's consorts, who advised J.P. Morgan, Goldman Sachs JBWere and Deutsche Bank , included partner John Sullivan.
The woman herself said of the deal: “The capital raising is designed to repay debt and strengthen IIF's balance sheet. Importantly, IIF has signalled that this completion of its capital management initiatives will allow it to recommence distributions to unitholders in calendar year 2010, and gives the Fund flexibility to explore future portfolio initiatives”.
Other Mallesons team members were Hugh Treharne and Kristyll Dawson.
Finch is based in the Sydney office of the firm. She was recommended in equity capital markets by Best Lawyers International 2009, Chambers Global 2009, Asia Pacific Legal 500 2008-09, and PLC Which Lawyer Handbook 2009.
