Clutz drives $40 million placement

Clayton Utz has acted for Macquarie Capital Adviser as underwriter of CSG Limited's successful $40 million institutional placement.Clayton Utz Equity Capital Markets partner Brendan Groves led…

Lawyers Weekly • 20 May 2010 • Big Law

Clayton Utz has acted for Macquarie Capital Adviser as underwriter of CSG Limited's successful $40 million institutional placement.

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Clayton Utz Equity Capital Markets partner Brendan Groves led the transaction for Macquarie Capital Advisers, which comprised approximately 21 million shares to institutional and sophisticated investors at $1.90 per share.

Funds raised will provide CSG with additional working capital and allow it to proceed with announced acquisitions.

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"We are pleased to have advised Macquarie Capital Advisers on the successful institutional placement and to see the Offer was very well received by the market," said Groves.

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