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Bingo advised on IPO
Waste management company Bingo Industries Limited has been advised on its initial public offering.
Tom Lodewyke
Firm: King & Wood Mallesons (Bingo Industries Limited)
Value: $439.5 million
Area: Banking and finance
Key players: The King & Wood Mallesons team was led by corporate partners Jason Watts and David Friedlander, and banking and finance partner Yuen-Yee Cho. They were supported by senior associates Amanda Isouard and Shabarika Ajitkumar; solicitors Anna Chen, Jennifer Cheung, Robert Garritano and Jarred Bambridge; law graduate Georgia Feltis and banking associate Zoe Anderson.
Deal significance: Bingo is a waste management and recycling company, providing services such as waste collection, processing, separation and recycling. It operates mainly in NSW.
KWM advised Bingo on its recent ASX listing and IPO. This involved a restructure and debt refinancing. The shares were sold at $1.80 in the IPO.
“We are delighted to have advised Bingo on its initial public offering, which is the next step in its growth strategy,” said KWM partner Jason Watts.
“We look forward to continuing our work with the company during this transformative time.”
Bingo chief executive Daniel Tartak said the company is looking at national expansion, starting with the Victorian market in the 2017-18 financial year.
Bingo's shares peaked at $1.82 on its first day of trading, before closing at $1.76.
