find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
View details
Metcash makes institutional placement

Metcash makes institutional placement

Lauren Magraith, Baker & McKenzie

Two global firms advised on Metcash Limited’s institutional placement which raised $80 million to fund its acquisition of Home Timber & Hardware.

Firms: Baker & McKenzie (Macquarie Capital (Australia) Limited); Herbert Smith Freehills (Metcash Limited)

Deal: Metcash Limited made an institutional placement, fully underwritten by Macquarie Capital.

Value: $80 million

Area: Banking & Finance

Key players: The Baker & McKenzie team was led by partner Lauren Magraith (pictured), with assistance from senior associate Hoda Nahlous.

Deal significance: Metcash Limited (Metcash) is an Australian wholesale distribution and marketing company specialising in grocery, fresh produce, liquor, hardware and other fast-moving consumer goods.

Metcash made an $80 million fully underwritten institutional placement, with Macquarie Capital as the sole lead manager and underwriter.

The proceeds of the placement will be used to partially fund Metcash's $165 million acquisition of Home Timber & Hardware from Woolworths Limited.

“Our team was delighted to act for our longstanding client Macquarie Capital on this transaction and to work with Macquarie in assisting Metcash to fund its acquisition of Home Timber & Hardware after a lengthy and competitive sale process,” lead partner Lauren Magraith said.

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

Metcash makes institutional placement
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
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 & ...