Login
Global stationery retailer completes strategic capital raising
Two firms have advised on the recent capital raising of kikki.K, which involved issuing an equity stake of approximately 20 per cent to a boutique fund manager.
Emma Musgrave
Firms: Clarendon Lawyers (kikki.K); Gilbert + Tobin (TDM Asset Management)
Value: Undisclosed
Area: Finance
Key players: The team advising kikki.K was led by Clarendon Lawyers directors Nick Manuell and Nick Golding, with assistance from senior associate Billy Dwyer, solicitor Patrick Allan and graduate Zhong Wu.
Deal significance: kikki.K is a popular global fashion stationery retailer with hundreds of stores located in various parts of Australia and around the world.
The proceeds of this capital raising will be used to accelerate the retailer’s international expansion plans.
“We are thrilled to have advised kikki.K on this important transaction, which continues a long and successful relationship between kikki.K, Clarendons managing director Tony Symons, myself and our teams,” said Nick Manuell, director, Clarendon Lawyers.
“From its first store opening in Melbourne in 2001 to now trading in 143 markets around the world, we have been inspired to see kikki.K continue to deliver on the long-held vision of founders Kristina Karlsson and Paul Lacy. The investment by TDM Asset Management is a further endorsement of this vision.
“This is a significant milestone in the history of the company. We look forward to continuing to work with kikki.K on the next exciting phase of its growth, as it continues to inspire and empower people to live their best lives through its unique brand and fantastic products.”
Emma Musgrave
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:
