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Australian debt buyer Credit Corp Group has raised $125 million in order to fund its expansion into the United States, which was fully underwritten by JP Morgan Securities.
Firm: Baker McKenzie (JP Morgan Securities Australia Limited)
Value: $125 million
Area: Equity markets
Key players: The Bakers team was led by head of equity markets and partner Craig Andrade, who was assisted by lawyer Matthew De Cataldo.
Deal significance: Mr Andrade said: “We were delighted to act for our client, JP Morgan, as lead manager and underwriter on this capital raising which will provide enhanced financial capacity for Credit Corp to accelerate the strategic expansion of its debt purchasing and collecting business in the United States.”
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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
