CLAYTON Utz has advised Macquarie Capital Advisers as underwriter of CSG Limited's fully underwritten A$65 million institutional placement, completed in January.
Proceeds from the offer will be used to fund the acquisition of a 90 per cent interest in Konica Minolta Business Solutions New Zealand Limited, New Zealand’s market leading print services business.
Clayton Utz' lead partner on the transaction, Melbourne corporate partner Brendan Groves, said: "Clayton Utz is pleased to have assisted our client Macquarie Capital Advisers as manager and underwriter on this very successful raising.
"This transaction is the latest in a long line of strategic equity raisings, large and small, that we have helped our clients bring to market – acting for both issuers and lead managers.
"In the year ahead, we anticipate more raisings to fund strategic acquisitions of this type."
Undertaken in two tranches, the offer was well-received with strong demand from both existing and new institutional investors.