Allens' Equity Capital Markets team has had a strong finish to 2023, working on a string of leading ECM transactions in the back half of the year, including advising:
- Patriot Battery Metals – strategic placement of C$109 million to Albemarle
- Barrenjoey and Canaccord – Azure Minerals' $130 million placement and share purchase plan
- Rio Tinto – strategic placement of $40 million into Sovereign Metals
- Macquarie Capital and Jarden – 29Metals' $151 million accelerated non-renounceable entitlement offer
- Talga Group – $20 million share purchase plan
- Barrenjoey and Shaw Partners – Strandline Resources' $35 million placement and share purchase plan
- Morgan Stanley – Domino's underwritten dividend reinvestment plan
- National Australia Bank, ANZ Securities, Bell Potter, Commonwealth Bank, Morgan Stanley, Morgans, Ord Minnett, Shaw and Partners, UBS and Westpac Institutional Bank – NAB's $1.25 billion offer of NAB Capital Notes 7
- Bank of America – Vitol's $714 million block trade of Viva Energy
- Acacia Partners, National Australia Bank, ANZ Securities, Commonwealth Bank, Morgans, E&P and Westpac Institutional Bank – Australian Unity's $180 million offer of simple corporate bonds
- Barrenjoey, E&P, Westpac and Morgans – $75 million Judo Capital Notes
- Westpac – $1.75 billion Capital Notes 10
- AVJennings – $30 million accelerated non-renounceable entitlement offer
- Liontown Resources – $421 million placement and share purchase plan
- Appen – $30 million placement and accelerated non-renounceable entitlement offer
- Macquarie Capital – Karoon Energy's $480 million placement and accelerated non-renounceable entitlement offer
- Jefferies and Bell Potter – Aeris Resources' $30 million placement and accelerated non-renounceable entitlement offer
- Taylor Collison, Morgans, Ord Minnett and E&P – Metrics Master Income Trust's $175 million placement and unit purchase plan
- UBS and Canaccord – Arafura Rare Earths' $25 million placement and $10m share purchase plan
- Evolution Mining – $525 million placement and $60 million share purchase plan
'In a relatively quiet ECM market, we have been fortunate to have worked on a significant number of ECM transactions in the back half of the year. We are grateful to our clients – whether they be issuers or underwriters – for entrusting us with their transactions,' said Adrian Amer, Partner.
'Unsurprisingly, from a West Coast standpoint, there has continued to be plenty of activity in the mining and resources sector, particularly with critical minerals. We have deep knowledge of the sector and were delighted to be able to assist our clients', added Bryn Hardcastle, Partner.
Partners and Co-Heads of ECM at Allens, Julian Donnan and Robert Pick, echoed these remarks.
Allens legal team
Corporate
Julian Donnan (Partner, Co-Head of ECM), Robert Pick (Partner, Co-Head of ECM), Bryn Hardcastle (Partner), Adrian Amer (Partner), Addison Ma (Senior Associate), Michael Burrell (Senior Associate), Dave Filov (Counsel), Yan-Lin Lee (Senior Associate)