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29Metals lists on ASX

EMR Capital and 29Metals Limited have been advised on the latter’s IPO and listing.

August 03, 2021 By Jerome Doraisamy
29Metals lists on ASX
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Firm: King & Wood Mallesons (EMR Capital and 29Metals).

Deal: Copper mining company 29Metals has undergone a successful initial public offering and listing on the Australian Stock Exchange.

Value: N/A.

Area: Capital markets.

Key players: The KWM was led by head of private equity Mark McNamara, who was supported by partners Jason Watts, Paul Schroder and Anthony Boogert, senior associates Mark Vanderneut and Emma Warner, and solicitor Jing Wang, among others.

Deal significance: Speaking about the transaction, Mr McNamara said: “We were delighted to act for EMR Capital and 29M on one of Australia’s largest mining IPOs in recent times. The IPO allowed EMR Capital to sell down part of its existing interest while retaining a 45 per cent ongoing interest.

“29M aggregated three of EMR Capital’s copper investments positioning it to support the decarbonisation and electrification of economies, and the global transition to a greener world economy.”

Mr Schroder noted that the IPO highlights both the extent and importance of private equity participation in the resources sector – a focus area for KWM”.

Mr Boogert added: “The KWM team included a broad range of senior specialists across Australia, Singapore and Hong Kong, leveraging the firm’s resources, cross-border and equity capital markets expertise.”

Jerome Doraisamy

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.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au 

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