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Fintech business marks ASX entrance
Global law firm K&L Gates has advised fintech company Butn Limited on its pre-IPO, successful capital raising and listing on the ASX and IPO.
Emma Musgrave
Firm: K&L Gates (Butn Limited).
Value: $12.5 million (pre-IPO); $20 million (IPO).
Area: Capital markets, corporate.
Key players: The K&L Gates team that advised Butn was led by capital markets and corporate/M&A partner Harry Kingsley, supported by special counsel Kaveh Zegrati, lawyers Alex Garfinkel and Karla Hodgson, graduate Peter Keeran, and a broader team of lawyers Australia-wide.
Financial services advice was provided by partner and fintech authority Daniel Knight and lawyer Simon Kiburg. Technology and privacy advice was provided by partner Cameron Abbott and special counsel Rob Pulham and Warwick Andersen.
Deal significance: As per a statement provided by K&L Gates, the "oversubscribed" IPO will be used to fuel the growth plans of the business.
“Butn engages in B2B invoice factoring and is developing key platform partnerships for its services including with MYOB Limited,” the statement said.
Commenting further, K&L Gates’ Harry Kingsley said: “We are very pleased to have been able to assist Butn with its successful pre-IPO, MYOB partnership and ASX listing. Butn is a unique company that has taken a traditional business model and automated it to provide a scaleable cash flow solution to the wider B2B market.
“We congratulate the Butn team and very much look forward to being part of the company’s future growth and success.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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