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Telco provider advised on acquisition, $100m equity raising
Uniti Group Limited has been advised on its acquisition of LBNCo and fully underwritten $100 million equity raising.
Jerome Doraisamy
Firm: Lander & Rogers (Uniti Group Limited); Cooper Mills (Uniti – regulatory aspects of acquisition); K&L Gates (LBNCo).
Area: Corporate (M&A and ECM), employment and real estate
Value: $100 million, funded by a fully underwritten placement and accelerated entitlement offer.
Key players: The Landers team was led by partner Jackie Solakovski, who was supported by partner Simon Davidson, special counsel Jessica Ryde, senior associates David Cinque and Faiza Bukhary and Karen Robertson, lawyers Joshua Butler, Bridget Shelton and Girish Rao, and graduate Alison Davey.
Deal significance: Lander & Rogers lead partner Ms Solakovski said: “We are delighted to be working with Uniti Group on its acquisition of LBNCo and its $100 [million] equity raising. The acquisition of LBNCo is a transformational milestone for Uniti Group which will expand its fibre business and provide the platform for earnings growth that will underpin Uniti Group’s ambitious growth strategy.”
“The acquisition of LBNCo follows our recent work with Uniti Group in its acquisition of Fone Dynamics and Call Dynamics. We are proud to support Uniti Group in its growth strategy".
Uniti Wireless Executive Director Vaughan Bowen added: “This transaction was more complicated than most with which we’ve been involved. Landers supported us in leading the many aspects involved in a substantial capital raising (being particularly challenging, for a newly listed company), combined with leading the due diligence and transaction documentation, with a number of unique commercial and regulatory ingredients.”
“Jackie Solakovski and her team, together with Simon Davidson and his team, provided us with exemplary counsel and tireless support through all aspects of what was a transformational transaction for Uniti Group.”
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.
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