The A$97 million equity raising consists of a 1 for 1 accelerated non-renounceable pro-rata entitlement offer to raise approximately A$74.6 million and a A$22.4 million institutional placement to existing and new investors.

Lead partner Antonella Pacitti commented: "We have worked with the MMA team for a number of years and are delighted to serve as the Company's trusted advisers, across a range of practice areas, and to work alongside them as MMA continues to confront ongoing challenges in its market and positions itself for better times ahead."

The team was led by partners Antonella Pacitti and Roger Davies (Corporate) and included senior associate Richard Tan, lawyer Jacob Carmody and graduate Charles Dallimore (Corporate); partner Gaelan Cooney and senior associates Marina Tinning and Zoe Woolford (Finance); partner James Marshall and senior associate Camilla Clemente (Debt Advisory); with partners Andrew Carter and Adrian Chai and counsel Catherine Pedler (Strategic Advisory).