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
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
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 & ...