Firms: DLA Piper (Perpetual Equity Investment Company Limited [PIC]); Herbert Smith Freehills (joint lead managers)
Deal: PIC IPO
Area: capital markets
Value: $250 million
Key Players: The DLA Piper team was led by partner Martin Jamieson (pictured), Sydney-based head of DLA Piper's Australian funds management practice. He was supported by senior associate Tze Ting Liew. Jock McCormack, head of DLA Piper's Australian tax practice, led the provision of the tax advice. New Zealand law issues were handled by DLA Phillips Fox. Herbert Smith Freehills acted for the joint lead managers: CBA, Taylor Collison, Macquarie Capital, Morgan Stanley and ANZ. The co-lead managers were Baillieu Holst and Lonsec. Sydney partner Fiona Smedlay led the HSF team. She was supported by senior associate Emma Hoeben
Deal Significance: PIC offers investors access to a portfolio of Australian and global listed securities. Chair Peter Scott heads a five-person board of directors.