Firms: Clarendon Lawyers (kikki.K); Gilbert + Tobin (TDM Asset Management)
Deal: kikki.K has completed its recent capital raising, which involved issuing an equity stake of approximately 20 per cent to TDM Asset Management.
Key players: The team advising kikki.K was led by Clarendon Lawyers directors Nick Manuell and Nick Golding, with assistance from senior associate Billy Dwyer, solicitor Patrick Allan and graduate Zhong Wu.
Deal significance: kikki.K is a popular global fashion stationery retailer with hundreds of stores located in various parts of Australia and around the world.
The proceeds of this capital raising will be used to accelerate the retailer’s international expansion plans.
“We are thrilled to have advised kikki.K on this important transaction, which continues a long and successful relationship between kikki.K, Clarendons managing director Tony Symons, myself and our teams,” said Nick Manuell, director, Clarendon Lawyers.
“From its first store opening in Melbourne in 2001 to now trading in 143 markets around the world, we have been inspired to see kikki.K continue to deliver on the long-held vision of founders Kristina Karlsson and Paul Lacy. The investment by TDM Asset Management is a further endorsement of this vision.
“This is a significant milestone in the history of the company. We look forward to continuing to work with kikki.K on the next exciting phase of its growth, as it continues to inspire and empower people to live their best lives through its unique brand and fantastic products.”
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