Firms: Baker & McKenzie (Macquarie Capital and UBS AG)
Deal: Macquarie Capital and UBS AG acted as joint lead managers and underwriters of a $135 million institutional placement and selldown of securities in Aconex Limited (Aconex).
Value: $135 million
Area: Banking and finance
Key players: The Baker & McKenzie team was led by partner Lauren Magraith (pictured), with assistance from corporate partner Craig Andrade and senior associate Hoda Nahlous.
Deal significance: Macquarie Capital (Australia) Limited and UBS AG, Australia Branch, acted as joint lead managers and underwriters of a $120 million institutional placement of securities in Aconex to fund Aconex's proposed acquisition of Conject Holding GmbH.
In conjunction with the placement, the joint lead managers also conducted a selldown of approximately $15 million of existing shares in Aconex, on behalf of Aconex co-founders Leigh Jasper and Rob Phillpot.
“We are delighted to have assisted our long-standing clients Macquarie and UBS on this transaction for Aconex, having also advised those banks on the initial public offering of Aconex in 2014,” said Baker & McKenzie lead partner Lauren Magraith.
“Aconex has performed exceptionally well since its listing and we hope this proposed transaction allows it to build on that success.”
Like this story? Read more: