Clayton Utz is advising Macquarie Capital Advisers as underwriter of SAI Global’s A$130 million equity raising.
SAI Global is seeking to raise A$130 million in new equity and $US60 million in debt to finance its proposed acquisition of 100% of Integrity Interactive, a leading US-based compliance and ethics solutions provider.
Clayton Utz’s head of Equity Capital Markets Stuart Byrne is leading the team advising Macquarie Capital Advisers.
Commenting on the transaction Mr Byrne said: “Clayton Utz is pleased to advise long-standing client Macquarie Capital Advisers on this transaction. I expect we will see more equity raisings to fund strategic acquisitions as economic conditions improve.”
The raising will seek to raise A$80 million through an accelerated non-renounceable pro-rata entitlement offer and an additional A$50 million through an institutional placement.
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