find the latest legal job
Legal Advisor
Category: Other | Location: All Darwin NT
· Exciting and challenging environment · 3 year fixed contract - Position # LO6
View details
Property Lawyer | In-house | Global UK Company | 3-8PQE | Melbourne
Category: Generalists - In House | Location: Melbourne VIC 3004
· Be part of a large in-house team · Property experience an advantage
View details
In-house Property Lawyer - 3-6year PQE | Dynamic High Impact Role
Category: Generalists - In House | Location: Melbourne VIC 3004
· Highly regarded internal legal team · Ideal first in-house role
View details
EXECUTIVE DIRECTOR
Category: Other | Location: Perth CBD, Inner & Western Suburbs Perth WA
· Strategic Leadership Role · Strong Commercial Skills & Knowledge
View details
LAW COMPLAINTS OFFICER
Category: Other | Location: Perth CBD, Inner & Western Suburbs Perth WA
· Statutory Appointment · Legal Profession Complaints Committee
View details
Ingenia Communities completes $74m capital raising

Ingenia Communities completes $74m capital raising

Capital raising

A global law firm has advised Ingenia Communities on its successful capital raising worth $74 million.

Firm: Dentons (Ingenia Communities)

Deal: Ingenia Communities has been advised on the capital raising comprising an institutional placement and accelerated non-renounceable entitlement offer announced on 3 May 2017. 

Value: $74 million

Area: Finance

Key players: The Ingenia Communities legal team was led by Dentons’ partner Paul Brown, with assistance from senior associate Jane Kuo and solicitor Samantha Walker.

Deal significance: According to a statement from Dentons, the proceeds from this most recent capital raising will fund the expansion of Ingenia Communities’ lifestyle and holiday communities business through five acquisitions announced as part of the capital raising.

The institutional components of the capital raising were significantly oversubscribed with strong demand from both domestic and offshore investors.

The capital raising was fully underwritten by Morgans Corporate, Moelis Australia and Petra Capital (advised by Clifford Chance), the firm said.

Dentons partner Paul Brown said the firm was thrilled to advise Ingenia Communities on this significant capital raising. 

“Dentons has been assisting Ingenia Communities with their expansion advising on five capital raisings ranging from institutional placements, accelerated entitlement offers, security purchase plans and distribution reinvestment plans,” Mr Brown said.

“Ingenia Communities are an outstanding operator and we are very pleased to have the opportunity to work with them as they continue to expand.”

Adding to this, Ingenia Communities CEO Simon Owen said: “We have partnered with Dentons for a number of years.” 

“Their understanding of our business and the seniors living sector make Dentons a key advisor,” he said.

“They provide timely and commercial advice on our corporate matters and equity and debt structuring, and are a valued business partner.”

Promoted content
Recommended by Spike Native Network
more from lawyers weekly
May 26 2017
Coroner’s Lindt Café siege findings to have consequences for criminal lawyers
One of the most extensive coronial inquests in NSW has now concluded, with 45 recommendations concer...
May 26 2017
Lawyers can be humans too, judge says
Judge Felicity Hampel of the Victorian County Court has spoken about the need for lawyers to engage...
Sydney
May 26 2017
Sydney to host international dispute resolution conference
A discussion focusing on the future of dispute resolution will come to Sydney on Monday, 29 May, as ...
APPOINTMENTS
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...
Angela Lynch
May 9 2017
Women’s legal service appoints chief executive
Women’s Legal Service Queensland has appointed an experienced family lawyer as its new CEO. ...
opinion
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...
Help
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 & ...