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Founders First advised on IPO and ASX listing
SME firm Coghlan Duffy + Co Lawyers assisted Founders First in its initial public offering and ASX listing.
Naomi Neilson
Firm: Coghlan Duffy + Co Lawyers (Founders First Limited)
Value: Raised $15.8 million.
Area: IPO.
Key players: The team was led by John Coghlan, and primarily assisted by Sarah Ward, to oversee acquisition due diligence and legal documentation relating to the multiple investments and acquisitions undertaken pre-IPO. Charly Duffy, and assisted by Laura Morgan, led the prospectus drafting, due diligence and ASX listing workstreams.
Deal significance: CD+Co assisted each step of the way: having advised Founders First on its formation in late 2017, subsequent equity investment rounds, its investments in portfolio craft beverage assets and the IPO.
By listing on the ASX, Founders First is offering shareholders a direct interest in a portfolio of high-growth craft beverage businesses which are poised to benefit from the comprehensive sales, marketing and distribution expertise.
Ms Duffy said: “We are really proud to have worked with the Founders First team as it achieved incredible growth in such a short space of time. To have completed a successful ASX listing in challenging market conditions within two years of starting its business is an unbelievable achievement.”
“I’m really proud of how our team combined its comprehensive and practical equity capital markets experience with our M&A expertise to help Founders First achieve this significant milestone.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at:
