Ashurst has advised Bain Capital Credit, L.P. (Bain) in relation to the exercise of warrants in Imdex Limited (Imdex) and immediate sale of the shares acquired on exercise, equal to in aggregate 10.08% of Imdex, through a block trade agreement with Euroz Securities Limited (Euroz).

The warrants were issued to funds managed by Bain (Bain Funds) in connection with a recapitalisation of Imdex in 2015, which involved the transfer of Imdex's existing debt to the Bain Funds and Imdex's entry into a new and amended debt facility with Bain Funds. Ashurst also advised Bain in relation to that recapitalisation and new financing package in 2015.

The Ashurst team was led by partners Antonella Pacitti and Carl Della-Bosa (Corporate), and included lawyer Alexandra Meade (Corporate); Partner Lionel Meehan, counsel Trent Chugg and lawyer Andrew Clarke (RSSG).