Allens acts on major capital raisings

Allens has acted on two initial public offerings, including the biggest IPO in Australia this year.

Allens acted for the joint lead managers of Link Administration Holding's $946 million IPO, which opened on 9 October.

The Allens team on the matter was led by Partner and co-head of the firm's Capital Markets practice Julian Donnan and Partner Stuart McCulloch.

The firm also acted for Macquarie as sole lead manager on the float of Aventus Property Group, which was listed on ASX last week with a market capitalisation of close to $700 million.

The Allens team on this IPO was led by Partners and co-heads of the Capital Markets practice Julian Donnan and Robert Pick.

Julian said both IPOs, each of which launched on 30 September, showed there were positive signs for the capital raising market in Australia.

'Both IPOs are significant and are strong evidence that, despite recent volatility, the capital markets remain robust for issuers with a strong underlying business,' Julian said.

'We are also pleased to have just acted as joint lead managers' counsel on Macquarie's $400 million placement to assist in funding the acquisition of the Esanda dealer finance portfolio.'

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