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A global technology company, headquartered in Australia, has been advised on its recent £34.3 million (approximately AU$64 million) capital raising.
Source: Seeing Machines' facebook page
Firm: DLA Piper (Seeing Machines Limited)
It has further proposed to give an opportunity to qualifying participants in the United Kingdom, Ireland and the Isle of Man to raise to a further £6.8 million (approximately $12.7 million).
Value: $64 million
Area: Corporate
Key players: The DLA team was led by Corporate partner Mark Burger and senior associate Dylan Burke.
Deal significance: Mr Burger said: “We’re pleased to once again partner with Seeing Machines as they continue their growth in emerging markets. The proceeds of this transaction will help the company invest in its core platform technology and continue design development of existing and next-generation products.”
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
