AFL Becomes First Family Law Firm to List in Australia
Australian Family Lawyers has listed on the Australian Securities Exchange through a reverse takeover by Navigator Resources Ltd.
June 18, 2019 at 02:38 PM
3 minute read
An Australian firm specialising in family law is the latest Australian firm to list on the Australian Securities Exchange, becoming the first family law boutique in the country to go public.
In a reverse takeover, Australia-listed Navigator Resources Ltd. acquired Australian Family Lawyers (AFL) and changed its name to AF Legal Group Ltd. earlier this month; the company also raised about $4.1 million in a share sale. According to AF Legal Group, it is the first family law firm to list on the Australian Securities Exchange.
"The strong investor support for AFL through the capital-raising process is a testament to the significant opportunity available [to become] the largest national family law firm in Australia," AF Legal Group's executive chairman, Grant Dearlove, said in a statement.
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