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RBC Capital Markets and Morgans Corporate Limited have been advised on a fully underwritten $50 million institutional placement by Megaport and a secondary $10m sell-down by that company’s chairman.
Firm: Baker McKenzie (joint lead managers and Australian and US legal counsel to RBC Capital Markets and Morgans Corporate Limited).
Value: $60 million.
Area: Equity markets.
Key players: The Bakers team was led by Craig Andrade, Antony Rumboll and Matthew De Cataldo, with assistance from Andrew Reilly and Paul Anderson on US law aspects.
Deal significance: Mr Andrade stated, "We were delighted to act for our clients, RBC Capital Markets and Morgans Corporate Limited, as joint lead managers and underwriters on this strategic capital raise by Megaport, which will provide funds for expansion into new markets and locations as well as for innovation and the development of new technology."
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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Jerome Doraisamy
