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Mobile telecoms company advise on cap raise
Australian mobile and energy plans provider amaysim has been advised on capital raising and refinancing to support its “customer-focused growth”.
Jerome Doraisamy
Source: thenextdigit.com
Firm: King & Wood Mallesons (amaysim)
Value: $91 million
Area: Capital markets, banking
Key players: The KWM team was led by partners David Eliakim and Scott Gardiner, who were supported by senior associates Rahul Mukherkjee and Peixin Truong, as well as solicitors Gemma McMahon and Lawrence Normoyle.
Deal significance: Proceeds from the raising will be used by amaysim to reduce debt and strengthen its balance sheet, supporting the company’s strategic growth initiatives, KWM said in a statement.
Mr Gardiner said: “We are pleased to have had the opportunity to support our long-standing client, amaysim, in strengthening their balance sheet position to facilitate the expansion of their innovative mobile and energy businesses.”
“It was a pleasure to work with the amaysim team and their advisers on a capital raising which was overwhelmingly supported by amaysim’s institutional investor base – a 97 per cent take up is very high by market standards,” Mr Eliakim added.
Jerome Doraisamy
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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