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Freehills, Clayton Utz, advise on Kathmandu IPO

Freehills, Clayton Utz, advise on Kathmandu IPO

Law firm Freehills and Clayton Utz acted on the initial public offering of Kathmandu Holdings Limited, which listed on the Australian Securities Exchange today.

Law firm Freehills and Clayton Utz acted on theinitial public offering of Kathmandu Holdings Limited, which listed on theAustralian Securities Exchange today.

The outdoor wear and camping goods retailer made astrong debut on the ASX today, almost eight cents above its issue price.

Freehills acted as Australian legal counsel toGoldman Sachs JBWere Pty Ltd and Macquarie Capital Advisers Limited on their jointlead managing of Kathmandu’s IPO.

Clayton Utz advised Kathmandu.

Under the offer, Kathmandu sold approximately 196 million shares at a price of A$1.70per share. Kathmandu’s shares have been listed on both the AustralianSecurities Exchange and the New Zealand Stock Exchange.

Part of the funds raised from the offer were usedto acquire the underlying Kathmandu business from its existing owners, GoldmanSachs JBWere Principal Investment Area, Quadrant Private Equity and management,Freehills said today.

The Freehills team is led by partners Tony Sparksand Philippa Stone, senior associate Faith Sing and solicitor Steve Drummond.

Freehills partner Tony Sparks said: “We are delightedto have acted for Goldman Sachs and Macquarie on this matter and are pleased tohave been included in yet another significant IPO, following the firm’sinvolvement in the Myer float.”

Kathmandu, a specialist retailer of qualityclothing and equipment for travel and adventure, has 82 stores acrossAustralia, New Zealand and the UK.




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Freehills, Clayton Utz, advise on Kathmandu IPO
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