Gilbert + Tobin Advises Nine Entertainment Co. on IPO

Gilbert + Tobin is pleased to be involved in the initial public offering of Nine Entertainment Co. (Nine) announced today.

Gilbert + Tobin advised the issuer, Nine, on its initial public offering (IPO) implying an enterprise value of Nine at between $2.53 billion and $2.77 billion (based on the indicative price range set out in the Prospectus). This is one of the most significant and largest IPOs in the Australian market since QR National in November 2010.

Shares in the media and entertainment company are scheduled to begin trading on the Australian Securities Exchange (ASX) on 6 December 2013 (on a conditional and deferred settlement basis).

Partner Peter Cook commented on the transaction, “It was a pleasure to have advised Nine, one of our long standing and key clients, on their IPO. This is a significant step for the company, its shareholders and management. This follows a number of important transactions we have advised Nine on over the last 12 months, including the $3.4 billion debt restructure in February. We wish them every success.”

Capital markets partners Peter Cook and Rachael Bassil led the team and were supported by partner Rachel Launders and lawyers Adam D’Andreti, Roisin Kennedy and Jonathon Yeung as well as support from lawyers across the firm.

In the last 12 months, Gilbert + Tobin has worked closely with Nine on a number of strategic transactions, including on its debt restructure by a scheme of arrangement, securing the broadcast rights for the National Rugby League, acquiring the Perth and Adelaide affiliates of Channel Nine, the sale of the ACP Magazines business and the acquisition of the remaining shares of Mi9 which it did not previously own.

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. The team has been involved in many of the largest IPOs and capital markets transactions in the past 18 months including the IPOs of Virtus Health Limited, Calibre Group and iSelect. The IPO of Nine reinforces our position as one of Australia’s leading capital markets legal teams.

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