Freehills has advised China Investment Corporation (CIC) in relation to its recent A$500 million investment as part of the Goodman Group’s recently announced equity raising of A$1.8 billion.
CIC’s participation in the equity raising will be via an A$500 million investment by CIC in exchangeable preference securities.
The investment by CIC in the Goodman Group also marks the further development of the strategic relationship being fostered between them.
The Freehills team is led by partner Fiona Smedley, who was supported by solicitors Emma Hoeben and Rohan Pieris.
Freehills partner Fiona Smedley said: ‘This is the second investment made by CIC in the Goodman Group and in Australia and Freehills is proud to have advised CIC on both occasions. CIC’s cornerstone investment in the Goodman Group is an extremely valuable component of the Goodman Group’s wider capital raising.’
The Freehills team worked closely with CIC on all aspects of the transaction in order to adhere to an extremely tight timeframe, as well as with Morgan Stanley who also advised CIC on this investment.
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