find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Minters and HSF act on $665 million float

Minters and HSF act on $665 million float

Minter Ellison and Herbert Smith Freehills got the plum roles on one of the biggest domestic IPOs this year.

Firms: Minter Ellison (Asaleo Care Limited); Herbert Smith Freehills (Joint Lead Managers [JLMs]); Minter Ellison Rudd Watts (Asaleo Care on New Zealand law); Sullivan & Cromwell (Asaleo Care on US law); Skadden, Arps, Slate, Meagher & Flom LLP  (JLMs on US law)

Deal: Asaleo Care Limited’s IPO

Value: $665.8 million

Area: Capital markets

Key Players: The Minters team was led by Jeremy Blackshaw (pictured), the head of the firm’s private equity and capital markets team. He was supported by partners Bart Oude-Vrielink and Daniel Scotti, with assistance also provided by special counsel Renee Doyle. The HSF team was led by partners Philippa Stone and Philip Hart, with support from executive counsel Lauren Magraith, assisted by solicitor Charlotte Cameron. HSF acted for a number of financial institutions, including Citigroup Global Markets Australia Pty Limited, Macquarie Capital (Australia) Limited and Merrill Lynch Equities (Australia) Limited. HSF also subsequently advised Asaleo Care on its $350 million new banking facilities that will refinance its existing debt facilities on completion of the IPO. International firms Minter Ellison Rudd Watts, Sullivan & Cromwell and Skadden, Arps, Slate, Meagher & Flom also advised

Deal Significance: The IPO has raised just under $656 million at an issue price of $1.65 per share. Minters lead partner Jeremy Blackshaw described the IPO as a “complex and technically demanding” transaction. Asaleo manufactures and distributes a range of consumer products across the feminine hygiene, incontinence hygiene, baby hygiene, consumer tissue and professional hygiene product categories. The company has operations throughout Australia, New Zealand and Fiji. The Asaleo IPO is one of the largest in Australia this year.  Just this week HealthScope announced it would seek to raise $2.6 billion on an IPO. This would be the largest capital raising in Australia since 2010. A range of firms, including Gilbert + Tobin and HSF are acting on HealthScope’s raising.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Minters and HSF act on $665 million float
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...