Herbert Smith Freehills Advises Managers in Macquarie's A$1B Placement
Herbert Smith said proceeds received by the investment bank under the share placement will provide it with flexibility to invest in new opportunities.
September 03, 2019 at 01:36 PM
1 minute read
Herbert Smith Freehills has advised the joint lead managers of Australian investment bank Macquarie Group Ltd.'s A$1billion (US$680 million) placement to institutional investors and share purchase plan.
Herbert Smith acted for Macquarie Capital (Australia) Ltd., Merrill Lynch Equities (Australia) Ltd. and J.P. Morgan Securities Australia Ltd.
The Herbert Smith team was led by partner Philippa Stone, supported by special counsel Rob Finlay, solicitor Michael Burrell and graduate Jessica Palazzolo, the firm said in a statement.
Herbert Smith said proceeds received by MGL under the share placement will provide MGL with flexibility to invest in new opportunities.
Macquarie was advised by King & Wood Mallesons, Herbert Smith said. King & Wood declined to comment.
"We are delighted to have acted for the joint lead manager syndicate on another successful Macquarie capital raising. This transaction follows our recent role acting for the joint lead managers on the offer of Macquarie Capital Notes 4," Stone said.
Macquarie Group Capital Notes 4 was an A$905.5 million (US$611.7 million) offer.
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