Global law firm DLA Piper has advised Silver Heritage Group Limited on its initial public offering (IPO) and listing on the ASX and associated US$20 million bond issue to investment fund manager, OCP Asia. The indicative market capitalisation of the company on completion of the offer is expected to be around AU$80 million.

Headquartered in Hong Kong, Silver Heritage was founded in 2003, and currently operates and manages casinos and gaming assets in four Asian markets - Nepal, Vietnam, Laos and Cambodia.

The funds raised through the IPO and bond issue will be used to fund the expansion of the company's projects, in particular the development of their first five-star casino resort near the India-Nepal border, catering for the growing demand for entertainment and gaming facilities in the region.

The DLA Piper IPO team was led by Sydney partners David Ryan and Catherine Merity, with assistance from senior associates Kelly Morrison, Elliott Cheung and Rosamond Sayer and lawyer Harriet Johnston. The bond team was led by Hong Kong partner Jonathan Leitch, assisted by senior associate Andrew Nicholls.

David Ryan said: "DLA Piper is delighted to have advised Silver Heritage Group on their initial public offering and this next phase of their growth strategy and further expansion in the world's largest gaming market."