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Bakers and Addisons advise on major share placement
Baker & McKenzie and Addisons Lawyers have advised on a $44 million Ainsworth Technology share placement.
Digital
Firms: Baker & McKenzie (Macquarie Capital as underwriter), Addisons (issuer)
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Area: Corporate
Value: $44 million
Key players: Partner Craig Andrade led the Bakers team, which included associate Cathy Chan. Partner Andrew Reilly also provided international securities law advice.
Deal significance: Andrade intends to use the capital raised to fund future growth in the Americas, develop new products, expand R&D, pay down debt and redeem outstanding convertible notes.
"We were pleased to be instructed by Macquarie on this important capital raising for Ainsworth,” said Andrade.
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