Freehills acted as Australian legal counsel to Goldman Sachs JBWere Pty Ltd and Macquarie Capital Advisers Limited on their joint lead managing of Kathmandu Holdings Limited’s initial public offering, which listed on ASX today.
Kathmandu is a leading specialist retailer of quality clothing and equipment for travel and adventure operating 82 stores (as at 31 July 2009) across Australia, New Zealand and the UK.
Under the offer, Kathmandu sold approximately 196 million shares at a price of A$1.70 per share. Kathmandu’s shares have been listed on both the Australian Securities Exchange and the New Zealand Stock Exchange.
Part of the funds raised from the offer were used to acquire the underlying Kathmandu business from its existing owners, Goldman Sachs JBWere Principal Investment Area, Quadrant Private Equity and management.
The Freehills team is led by partners Tony Sparks and Philippa Stone, Senior Associate Faith Sing and solicitor Steve Drummond.
Freehills partner Tony Sparks said, ‘We are delighted to have acted for Goldman Sachs and Macquarie on this matter and are pleased to have been included in yet another significant IPO, following the firm’s involvement in the Myer float.’
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, Elders, Santos and FKP Property Group, and for the underwriters on numerous raisings including those by Rio Tinto and Amcor.
Clayton Utz advised Kathmandu.
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