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Fund manager announces IPO
A global firm has advised an investment and funds management business on launching its initial public offering and listing on the ASX.
Emma Musgrave
Firm: Baker & McKenzie (Elanor Retail Property Fund)
Value: Approx. $174 million
Area: IPO
Key players: The legal team advising Elanor Investors Group was led by Australian M&A head Steven Glanz (pictured), with assistance from partners Lauren Magraith and Lewis Apostolou, senior consultant Peter McMahon, senior associate Hoda Nahlous, associates Ivo Basoski, Jessie Bodor and Janet Cho, and junior associate Joseph Bates.
Deal significance: Elanor Investors Group is an investment and funds management business focused on generating strong absolute and risk-adjusted returns through investment in assets and operating businesses that deliver sustainable cash flows with potential for capital growth; and management of third-party owned investment funds and syndicates.
The Elanor Retail Property Fund has been created through the stapling of two existing wholesale property funds that were managed by Elanor Investors Group, and the acquisition of two new properties.
The fund raised approximately $110 million under the IPO and will have a market capitalisation on listing of approximately $174 million. The fund will invest predominantly in retail shopping centre assets.
Baker & McKenzie previously advised Elanor Investors Group on its initial public offering and ASX-listing in 2014, and a $33 million institutional placement and share purchase plan earlier this year.
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.
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