Herbert Smith Freehills is pleased to have advised Greencross Limited (Greencross) on its A$120 million fully underwritten pro-rata accelerated non-renounceable entitlement offer and institutional placement (Offer), announced 16 June 2014.
The proceeds from the Offer will be used by Greencross to partially fund its acquisition of CF Group Holdings Pty Limited (City Farmers).
The Herbert Smith Freehills capital markets team was led by partners Philippa Stone and special counsel Rob Finlay, assisted by solicitors Charlotte Cameron and Ben Robinson. Herbert Smith Freehills also acted for Greencross on the acquisition of City Farmers, led by partner Baden Furphy and assisted by senior associate Ben Landau and solicitors Tina Kostelenos and Andrew Cameron.
Ms Stone said: “Herbert Smith Freehills is delighted to have been able to assist Greencross on this important transaction.”
Mr Furphy said: “The acquisition of City Farmers represents a key step in Greencross’ strategic growth plan. We have very much enjoyed working with the Greencross team.”
Herbert Smith Freehills’ capital markets team is one of the most active in Australia, having recently acted for Genworth Financial on Genworth Australia’s A$1.6 billion IPO, Japara Healthcare Limited on its A$525 million IPO, SG Fleet on its A$454.2 million IPO, the PACT Group on its A$1.12 billion IPO, the McAleese Group on its A$166 million IPO, for the joint lead managers on Mantra Group’s A$449 million IPO, Spotless’ A$1.9 billion IPO, Veda’s A$1.05 billion IPO and OzForex Group’s A$439 million IPO, for the sole lead manager on National Storage REIT’s A$240 million IPO, for the joint lead managers on iSelect’s A$215 million IPO and for Calibre Group on its A$477 million IPO.
Herbert Smith Freehills’ Australian capital markets team has also recently acted for the sole lead manager on Aveo Healthcare Limited’s A$232 million entitlement offer, for the sole lead manager on ALS Limited’s A$246 million entitlement offer, for ASX Limited on its A$553 million entitlement offer and for Ten Network Holdings Limited on its A$200 million entitlement offer and its A$230 million entitlement offer.
