Fund formation and capital raising
We advise on all aspects of the design and formation of funds, including retail and wholesale funds and stapled groups, both listed and unlisted, across a broad range of asset classes and investment strategies.
This includes advising on the optimal structure, including fees, profit sharing arrangements, employee incentive arrangements, exit strategies, management arrangements, corporate governance and regulatory compliance.
We act for both listed and unlisted funds (including retail and wholesale funds, stapled groups, property and infrastructure funds, private equity funds and hedge funds) raising capital in the equity and debt capital markets.
We advise on all aspects of IPOs, capital raisings, private placements, rights issues and hybrid and structured products. We design and manage due diligence processes and prepare offer documentation, including information memoranda and product disclosure statements, and assist in the negotiation of subscription agreements and other investor documentation.
Our fund formation and capital raising experience includes:
AMP Capital Investors
Acted for AMP Capital Investors on the float of AMP Capital China Growth Fund, the first ASX-listed fund authorised to invest directly in China A Shares.
Acted for Charter Hall on the restructure and float of its stapled property group. Also advised on the subsequent establishment of new property funds, capital raisings on equity and property linked note issues.
Acted for DUET Group on its a$277 million accelerated entitlement offer in 2011, and on its A$264 million accelerated entitlement offer and institutional placement in 2009.
Acted for Franklin Templeton on the establishment of a series of Australian wholesale investment funds providing investment exposure to global real estate.
Acted for Goodman Group on its $955 million equity raising in the form of an institutional placement together with an accelerated non-renounceable entitlement offer in 2008 and recapitalisation initiatives in 2009.
Acted for Goodman Group on the establishment of Goodman Australia Industrial Fund. Also advised on subsequent capital raisings and structured acquisitions.
Acted for GPT on its A$1.6 billion accelerated non-renounceable entitlement offer and issue of exchangeable securities to GIC to the value of A$250 million in October 2008, and its A$1.7 billion accelerated non-renounceable entitlement offer and institutional placement in May 2009.
Lazard Asset Management
Acted for Lazard Asset Management on the establishment of a suite of funds, including the Lazard Developing Markets Equity Fund.
Acted for Macquarie Group on the IPO of Macquarie Airports (now MAp Airports), Macquarie Media Group and the Asia Resources Fund.
Queensland Investment Corporation
Acted for Queensland Investment Corporation on a number of its significant fund transactions, including restructuring the QIC Investment Trust, establishing the QIC Sydney Premium Office Fund and establishing a A$1.3 billion retail shopping centre fund and structuring an offering of an interest in that fund (A$600 million) to domestic and international wholesale investors.