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Atlas Arteria advised on $1.35bn equity raise
Infrastructure development company Atlas Arteria has been advised on a $1.35bn raise and increase to its European motorway stake.
Jerome Doraisamy
Firm: KWM (Atlas Arteria).
Area: M&A.
Value: $1.35 billion.
Key players: The KWM team was led by partner Henrik Moritz, who was assisted by special counsel Amanda Isouard, senior associates Shabarika Ajitkumar, Matthew Ward and Max Allan and solicitors Felicity Bell, Angus Moore and Daniel Ayad.
Deal significance: The raising is comprised of a $452 million institutional placement and a four for 21 accelerated pro-rata non-renounceable entitlement offer that is expected to raise $898 million, KWM said in a statement.
Commenting on the transaction, Mr Moritz said: “The raising and acquisition undertaken by Atlas Arteria fit in with the group’s broader strategic objectives in which they independently manage their investments and look to continued future growth. It was our pleasure to assist Atlas Arteria in this significant achievement.”
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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