Herbert Smith Freehills has advised Macquarie Capital (Australia) Limited (Macquarie) in relation to its role as sole bookrunner, lead manager and underwriter for Mirvac Group’s (Mirvac) A$400 million fully underwritten institutional placement, announced on Friday, 10 May 2013. Mirvac has also announced an intention to launch a non-underwritten security purchase plan for up to $15,000 per eligible securityholder. The proceeds from the issue will be used to fund Mirvac’s acquisition of a select portfolio of office assets from GE Real Estate Investments Australia.
The Herbert Smith Freehills team was led by partner Philippa Stone, assisted by executive counsel Lauren Magraith.
Mirvac was advised by Minter Ellison.
Ms Stone said: “Herbert Smith Freehills is proud to have acted for Macquarie on one of the largest primary placements conducted in the market year to date.”
Herbert Smith Freehills’ Australian capital markets team has also recently acted for the joint lead managers on National Australia Bank’s $1.5 billion offer of CPS, Westpac Banking Corporation’s $1.25 billion Capital Notes offer, for Commonwealth Bank of Australia on its $2 billion offer of PERLS VI (and concurrent PERLS IV buy-back and Reinvestment Offer), for Bendigo and Adelaide Bank on its $269 million issue of Convertible Preference Shares and concurrent Reset Preference Share Reinvestment Offer, for the joint lead managers on Westpac Banking Corporation’s $1.5 billion offer of Tier 2 Westpac Subordinated Notes, for the joint lead managers on ANZ’s $1.5 billion offer of ANZ Subordinated Notes, for Colonial on its $1 billion offer of subordinated notes and for the joint lead managers on IAG’s $377 million offer of convertible preference shares.
Herbert Smith Freehills’ capital markets team has also recently acted for Citi as sole lead manager and bookrunner on Woolworth’s property demerger and associated capital raising, for Macquarie as sole lead manager and bookrunner on Goodman Group’s recent $400 million capital raising, for Ten Network Holdings Limited on its $200 million entitlement offer and its $230 million entitlement offer and for AGL Energy Limited on its $900 million entitlement offer and $650 million subordinated notes offer.
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