Login
Flight Centre undertakes cap raise to fund UK travel brand
Global law firm King & Wood Mallesons has advised Flight Centre on its $220 million raise to finance the acquisition of Scott Dunn, a leading UK-based luxury travel brand.
Jerome Doraisamy
Firm: King & Wood Mallesons (Flight Centre Travel Group Limited)
Area: Merger and acquisition
Value: Approximately $220 million
Key players: The KWM team was led by M&A partners Paul Schroder and Amanda Isouard, who were supported by special counsel Karim Issa and solicitors Jaspreet Nagra, Piero Craney, Stuart Neil, and Gordon Yen.
Deal significance: Speaking about the raise, Mr Schroder said: “The success of this capital raising highlights Flight Centre’s strong recovery from the COVID-19 pandemic.
“Our team is very proud of the support we have provided Flight Centre during the pandemic and its recovery, and now as it seeks growth. Since 2020, KWM has acted on four capital raisings for Flight Centre, with an aggregate value of approximately $1.7 billion.”
Ms Isouard added: “We are very pleased to have advised Flight Centre on the equity financing of its proposed acquisition. The success of Flight Centre’s institutional placement shows that ASX is open for acquisition financing.
“Our role once again demonstrates the ability of the KWM ECM team to partner with clients on successful acquisition financing. The depth and breadth of our team has helped us achieve excellent outcomes for many clients in the ECM space.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
