Arnold Bloch Leibler has acted for GreenBox Group, an energy retailer and energy management company, in a strategic capital raising to position the company for future growth.
This occurred after GreenBox acquired Jackgreen Limited, a "smart" energy retailer, which GreenBox rescued and restructured after almost 12 months in administration.
Jackgreen is believed to be the first failed energy retailer to be revived in Australia.
The capital raising comprises an entitlement offer and top-up offer to existing Jackgreen shareholders. There will also be a public offer.
The matter was led by Arnold Bloch Leibler Sydney office partner Andrew Silberberg.
Following completion of the capital raising, GreenBox Group plans to re-brand and re-launch its energy retailing business, and complete the development of its energy management system.