KWM has been lead legal adviser to NAB on its demerger and cross-border IPO of CYBG PLC, which was successfully completed last night.

The successful conclusion of the demerger and IPO of CYBG is a significant milestone for NAB that will enable it to pursue its focused strategy in its core markets in Australia and New Zealand.

CYBG PLC is listed on both the Australian Securities Exchange and London Stock Exchange and has a market capitalisation of approximately AU$3.2billion.

The KWM team included partners Diana Nicholson, Peter Stirling, Ian Paterson, Will Heath and Samantha Kinsey, and senior lawyers David Bryant, Agata Bober and Jack Hill.

Commenting on the deal, partner Diana Nicholson said, “We are delighted to have been able to support NAB on this important demerger. The complex transaction is key to NAB to meeting one of its strategic objectives.”

KWM also advised NAB on its $5.5bn capital raising in June 2015.