King & Wood Mallesons (KWM) has acted on Bubs Australia’s institutional placement and accelerated non-renounceable entitlement offer to raise approximately $63 million.
The KWM team, consisting of partners Amanda Isouard and Jack Hill and solicitors Jaspreet Nagra and Matthew Del Gigante, acted for the joint lead managers.
Commenting on the transaction, Amanda Isouard said: “We appreciate the opportunity to work with the joint lead managers on this important transaction for Bubs Australia. We hope that this equity raising will assist with creating momentum for raisings by other issuers in the coming months.”
KWM also advised ANZ on its $3.5 billion pro rata accelerated renounceable entitlement offer to help fund ANZ’s acquisition of Suncorp Bank. This is the largest equity capital raising of the year so far and continues KWM’s ongoing success in the ECM space.
