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Melbourne-based business-to-business service Powerwrap Limited has been advised on its $17.4 million IPO and listing on the Australian Stock Exchange.
Firm: Hall & Wilcox (Powerwrap); Bell Potter Securities Limited and Baillieu Limited (underwriters and joint lead managers of the IPO).
The transaction involved both a Retail Offer and Institutional Offer of both new and existing securities.
“Advising on the transaction, which involved a sell down facility for existing security holders, required extensive capital raising expertise and navigation of the complex financial services regulation applying to entities of this type,” the firm said.
Value: $17.4 million
Area: Corporate.
Key players: The Hall & Wilcox team was led by corporate partner John Hutchinson, who was supported by partner Adrian Verdnik and lawyers Vanessa Murphy and James Fisher.
Deal significance: Mr Hutchinson said: “We are delighted to have advised Powerwrap’s board and management on achieving this important milestone which provides a springboard to pursue its future growth opportunities.”
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.
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Jerome Doraisamy
