Gilbert + Tobin advised the issuer, Burson, on its initial public offering which listed with a A$298 million market capitalisation, having sold 112 million shares at $1.82 each.
Lead partner, Peter Cook, commented “It was a pleasure to have worked with Burson, Quadrant and the underwriters, Morgan Stanley and UBS, and the other advisors on such an important transaction that sets Burson on its next phase of growth. It also marks a very successful exit for Quadrant.”
Corporate Advisory partners Peter Cook and Rachael Bassil led the team and were supported by lawyers Alex Kauye, Tim Gordon, Jonathon Yeung and Sophie Chesterton as well as support from lawyers across the firm.
Gilbert + Tobin’s capital markets team advises issuers, investment banks, underwriters, private equity funds and institutional investors across the range of Australian capital markets transactions. Gilbert + Tobin is ranked 1st by Thomson Reuters for the first quarter 2014 in advising both the issuer and the managers on relevant transactions (by deal count). The firm advised on approximately 60% of the A$9.36 billion-worth of IPO’s in 2013 (by market capitalisation). These include Nine Entertainment Co., Dick Smith, Virtus Health, Cover-more and iSelect IPOs and ASX listings. The IPO of Burson together with recent roles on the Spotless and Genworth IPOs and Transurban’s rights issue reinforces our position as one of Australia’s leading capital markets legal teams.
