Gilbert + Tobin and Herbert Smith Freehills have the lead roles on the upcoming $930 million initial public offering of Melbourne-based facilities management company Spotless Group Ltd.
The deal is actually a relisting of Spotless. In 2012 Pacific Equity Partners took the company private for $670 million but is now selling half its 73 percent. The sell-down, along with stake sales by coinvestors and Spotless Group management, will put 51 percent of the company’s shares on the market.
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