find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Mallesons/Clayton Utz advise on $294 million MMG capital raising

Mallesons/Clayton Utz advise on $294 million MMG capital raising

Mallesons Stephen Jaques and Clayton Utz have acted on the second single bookbuild accelerated pro rata renounceable entitlement offer.Mallesons advised Macquarie Capital Advisers and RBS Equity…

Mallesons Stephen Jaques and Clayton Utz have acted on the second single bookbuild accelerated pro rata renounceable entitlement offer.

Mallesons advised Macquarie Capital Advisers and RBS Equity Capital Markets as underwriters for the entitlement offer to raise $294 million for Macquarie Media Group (MMG), which was advised by Clayton Utz.

The capital raising, which was announced last Wednesday, comprised a one-for-one single bookbuild accelerated renounceable entitlement offer at $1.55 per stapled security.

Mallesons and Clayton Utz also advised the parties in relation to other proposed initiatives - an internationalisation and a corporatisation - which are subject to securityholder approval.

Specifically, the first proposal is for the internalisation of the management of MMG (rights which are currently held by Macquarie Group) for $40.5 million. The second is to simplify the corporate structure of MMG by converting it from a triple-stapled structure into a single holding company.

Leading the Mallesons team on the capital raising were David Friedlander and Shannon Finch, assisted by senior associate Joe Muraca and solicitor Avi Naidu. Meanwhile, partners Susan Hilliard and Greg Golding led the team advising on the internalisation, assisted by senior associate Jennifer Cho and solicitor Mark Bryant. The Clayton Utz team was headed up by partner Michael Parshall.

Mallesons was also involved in the first single bookbuild accelerated pro rate renounceable entitlement offer, which was announced last Monday. The team, headed up by partner Jason Watts, acted for CSR on its $375 million simultaneous accelerated renounceable entitlement offer.

Mallesons' Friedlander commented: "The Mallesons team was delighted to have the opportunity to work with three major underwriter clients this week on the first two single bookbuild offers in the market."

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

Mallesons/Clayton Utz advise on $294 million MMG capital raising
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Dec 18 2017
Summer in the city
Across Australia, a number of law students have kicked off their commercial law aspirations with the...
microscope
Dec 18 2017
‘Exorbitant legal fees’ under government microscope
With the growing number of class action proceedings in Australia, the government is looking at how ...
Funds, money, cash
Dec 18 2017
Law Access WA receives welcome funding
Law Access Western Australia has received a grant from the state government to fund its pro bono leg...
APPOINTMENTS
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'...
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 & ...