find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Health and wellness company launches IPO

Health and wellness company launches IPO

Shannon Finch King & Wood Mallesons KWM

Two firms have advised on the launch of health and wellness company Vitaco’s IPO, with JP Morgan and Citigroup as joint lead managers and underwriters.

Firms: King & Wood Mallesons (JP Morgan and Citigroup); Minter Ellison (Vitaco)

Deal: Vitaco has launched an IPO, with JP Morgan and Citigroup as joint lead managers and underwriters.

Value: Approximately $624m

Area: Banking and finance

Key Players: The KWM team was led by partners Shannon Finch (pictured) and Meredith Paynter, supported by senior associate Hoda Nahlous and solicitor Melanie Gilbert. The Minter Ellison team was led by partners Daniel Scotti and Glen Sauer, and was supported by senior associates Nicole Sloggett and Jacqueline How.

Deal Significance: Vitaco Holdings Limited is an Australia and New Zealand-based nutritional products company with a portfolio of well-established and trusted brands, including Healtheries, Wagner, Nutra-Life, Balance, Musashi and Aussie Bodies.

It has launched its IPO and associated listing on ASX with shares representing approximately 80 per cent of Vitaco's issued capital, which is being offered under the IPO at $2.10 per share – implying an enterprise value of more than $330 million.

Vitaco will issue 110.3 million new shares as part of the float, while 28.8 million shares will be held by existing investors, including private equity firm Next Capital, which will own 15.3 per cent of the listed company.

The IPO values Vitaco at $332 million on an enterprise value basis and a $292.2 million market capitalisation, totalling approximately $624 million.

JP Morgan Australia Limited and Citigroup Global Markets Australia Pty Limited have acted as joint lead managers and underwriters for the Vitaco Holdings Limited IPO.

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

Health and wellness company launches IPO
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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'...
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...
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 & ...