Allens acts on the IPO for the Magellan High Conviction Trust and Magellan's institutional placement

Banking & Finance Mergers & Acquisitions Private Capital Tax

Allens has advised Magellan Asset Management Limited, a subsidiary of Magellan Financial Group Limited (Magellan), on an initial public offering for a new ASX-listed investment trust, the Magellan High Conviction Trust (the Trust). The offer raised approximately $862 million and was listed on ASX on 9 October 2019.

The Trust will invest in a concentrated portfolio (8-12 companies) of high quality global companies in line with Magellan's global high conviction investment strategy.

Lead partner on the matter, Julian Donnan, said it was exciting to work with Magellan on another of its capital raisings, having worked with the same team on Magellan's $275 million institutional placement in August 2019, as well as acting for the underwriters on the IPO of the Magellan Global Trust in 2017.

'The Allens team was pleased to assist a valued client further expand their product offering in the listed space. Allens teams across a number of practice groups advised on corporate, tax and funds matters in relation to the transaction,' Julian said.

Allens legal team

Corporate (M&A)

Julian Donnan (lead Partner) and Addison Ma (Senior Associate).


Marc Kemp (Partner) and Rebecca Sheehy (Senior Associate).


Craig Milner (Partner) and Jay Prasad (Senior Associate).


Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.