Bakers and Addisons advise on major share placement

Baker & McKenzie and Addisons Lawyers have advised on a $44 million Ainsworth Technology share placement.

Digital • 08 May 2012 • Big Law

Firms: Baker & McKenzie (Macquarie Capital as underwriter), Addisons (issuer)

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Deal: Ainsworth Technology’s fully underwritten share placement

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.

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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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