King & Wood Mallesons (KWM) acted on behalf of joint lead managers Morgan Stanley and Deutsche Bank during Santos Limited’s recent A$1.5bn capital raising.

KWM Partners David Eliakim and David Friedlander advised on the equity raising, with the support of Solicitors Akshay Naran and Anna Chen in London.

Mr Friedlander said KWM offers a strong track record regarding significant capital raising initiatives, with the firm also advising on Santos’ $3.5bn capital raising in late 2015.

The capital raising encompasses both a fully underwritten institutional share placement to raise A$1,040 million (“Institutional Placement”) and a Share Purchase Plan (“SPP”) which is expected to raise up to A$500 million.

“The proceeds from the Institutional Placement and SPP will strengthen Santos’ financial standing and allow the company to take advantage of strategic growth opportunities,” Mr Friedlander said.