King & Wood Mallesons (KWM) has advised Templeton Global Growth Fund Limited (TGG), on a 1 for 4 pro-rata renounceable entitlement offer (with entitlements trading) of new TGG shares at an offer price of $1.30 to raise up to approximately $64.7 million.

The KWM team was led by partner Joe Muraca, supported by David Bryant, Emma Newnham and Antony Freeman.

 Commenting on the deal, partner Joe Muraca said, “We’re very pleased to have been able to support TGG on this capital raising. Reflecting the current buoyancy in the LIC sector, this is the second capital raising we have supported TGG on in the past 18 months.”