Freehills is acting for Merrill Lynch International (Australia) Limited in relation to Bradken’s capital raising to be used to fund the acquisition of Almac Machine Works Ltd, a Canadian company, and / or to further reduce debt.
The Freehills team is led by partner Tony Sparks with lawyer Carl Hornigold.
Sparks said, ‘We are delighted to have worked closely with Merrill Lynch in their role as underwriter and lead manager on this capital raising.’
‘This is a further example of recent capital raisings to fund an acquisition,’ Sparks concluded.
Freehills’ award winning equity capital markets team has acted on many of Australia’s largest recent capital raisings, including acting for Myer on its IPO, and Elders, Santos, Woodside and Lend Lease on recent secondary raisings, and for the underwriters on numerous raisings including Rio Tinto’s US$15.4 billion rights offer and Kathmandu’s IPO.
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