subscribe to our newsletter sign up
Clutz takes role on SAI Global equity raising

Clutz takes role on SAI Global equity raising

Clayton Utz has announced it is advising Macquarie Capital Advisers as underwriter of SAI Global's $130 million equity raising.SAI Global is looking to raise $130 million in new equity and $US60…

Clayton Utz has announced it is advising Macquarie Capital Advisers as underwriter of SAI Global's $130 million equity raising.

SAI Global is looking to raise $130 million in new equity and $US60 million ($66.6 million) in debt to finance its proposed 100 per cent acquisition of Integrity Interactive, a US-based compliance and ethics solutions provider.

Commenting on the transaction, team leader and head of equity capital markets Stuart Byrne said: "Clayton Utz is pleased to advise long-standing client Macquarie Capital Advisers on this transaction. I expect we will see more equity raisings to fund strategic acquisitions as economic conditions improve."

The raising will also seek to raise $80 million through an accelerated, non-renounceable pro-rata entitlement offer, as well as an additional $50 million through institutional placement.

Promoted content
Recommended by Spike Native Network
X