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SME Law

Small business lender makes $31m capital raising

HopgoodGanim Lawyers has advised small business lender Lumi Financial Holdings Limited on a component of its latest capital raising, worth $31.5 million.

November 21, 2018 • By Emma Musgrave
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Firm: HopgoodGanim Lawyers (Lumi Financial Holdings Limited)

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Deal: Lumi Financial Holdings Limited (Lumi) has been advised by HopgoodGanim on the equity component of its capital raising.

 
 

Value: $31.5 million

Area: Finance

Key players: The HopgoodGanim legal team was led by partner Michele Muscillo, with assistance from senior associate Luke Dawson, solicitor Billy Young and analyst Christopher Dudurovic.

Deal significance: Lumi is a small-business lender founded by CEO Yanir Yakutiel.

In its capital raising, HopgoodGanim Lawyers advised Lumi in respect of the $6.5 million equity component of the $31.5 million capital raising, with Lumi sourcing $25 million in debt from specialist Israeli credit fund Arbel Fund, according to a statement from HopgoodGanim.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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