Login
Ingenia Communities completes $74m capital raising
A global law firm has advised Ingenia Communities on its successful capital raising worth $74 million.
Emma Musgrave
Firm: Dentons (Ingenia Communities)
Value: $74 million
Area: Finance
Key players: The Ingenia Communities legal team was led by Dentons’ partner Paul Brown, with assistance from senior associate Jane Kuo and solicitor Samantha Walker.
Deal significance: According to a statement from Dentons, the proceeds from this most recent capital raising will fund the expansion of Ingenia Communities’ lifestyle and holiday communities business through five acquisitions announced as part of the capital raising.
The institutional components of the capital raising were significantly oversubscribed with strong demand from both domestic and offshore investors.
The capital raising was fully underwritten by Morgans Corporate, Moelis Australia and Petra Capital (advised by Clifford Chance), the firm said.
Dentons partner Paul Brown said the firm was thrilled to advise Ingenia Communities on this significant capital raising.
“Dentons has been assisting Ingenia Communities with their expansion advising on five capital raisings ranging from institutional placements, accelerated entitlement offers, security purchase plans and distribution reinvestment plans,” Mr Brown said.
“Ingenia Communities are an outstanding operator and we are very pleased to have the opportunity to work with them as they continue to expand.”
Adding to this, Ingenia Communities CEO Simon Owen said: “We have partnered with Dentons for a number of years.”
“Their understanding of our business and the seniors living sector make Dentons a key advisor,” he said.
“They provide timely and commercial advice on our corporate matters and equity and debt structuring, and are a valued business partner.”
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:
