Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career
GET STARTED

Close the Loop closes 2 acquisitions, completes cap raise

ASX-listed recycling and circular economy company Close the Loop has been advised on the acquisition of two US-based electronics refurbishing and trading companies as well as a capital raise and debt funding.

user iconJerome Doraisamy • 13 April 2023 • Big Law
expand image

Firm: Thomson Geer (Close the Loop)

You’re out of free articles for this month
Deal: Close the Loop (ASX: CLG) has acquired ISP Tek Services and Captive Trade Corp, with the deal expected to be completed by month’s end. To fund the acquisition, it has successfully raised $45 million from institutional investors and also obtained substantial debt funding to fund the balance of the cash component of the acquisition.

Area: Merger and acquisition; capital markets

Value: $100 million (acquisitions), $45 million (cap raise)

Key players: The Thomson Geer team was led by partner David Schiavello, who was supported by partner Andrea Wookey, special counsel Lisa Marcus, associate Kelly Murray and lawyer Elizabeth Hanrahan.

Deal significance: Mr Schiavello said: “We congratulate Close the Loop on this transformative deal as it grows to cement itself as a leader in the global circular economy.”

Jerome Doraisamy

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: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Tags
You need to be a member to post comments. Become a member for free today!