KWM has acted on Jervois Global’s institutional placement and accelerated non-renounceable entitlement offer to raise approximately $231 million.
The KWM team was led by M&A partners Nicholas Pappas, Amanda Isouard and Jack Hill, supported by senior associates Rahul Mukherjee and Stacey Stellatos and solicitors John Grant, Jack Wheatstone and Arslan Ahmed.
Commenting on the transaction, Amanda Isouard said: “We are very pleased to have worked with Jervois Global on this important transaction. We previously assisted Jervois Global to raise a total of $313 million in July 2021.”
The raising is expected to be completed in early December.
KWM also advised ANZ on its $3.5 billion entitlement offer to help fund ANZ’s acquisition of Suncorp Bank, and Atlas Arteria on its $3.1 billion entitlement offer to help fund its acquisition of a 66.67% majority interest in Skyway Concession Company LLC, the concessionaire of the Chicago Skyway toll road. These are the two largest Australian equity capital raisings so far this year and continues KWM’s ongoing success in the ECM space.
