Baker McKenzie acts on Steadfast Group A$100 million capital raising to fund its acquisition of Whitbread Insurance Group
Baker McKenzie acted as Australian and U.S. legal counsel to Macquarie Capital (Australia) Limited and J.P. Morgan Australia Limited, as joint lead managers of a fully underwritten A$100 million institutional placement and subsequent share purchase plan by Steadfast Group Limited. The proceeds from the capital raising will be used by Steadfast Group to fund its A$95 million acquisition of Whitbread Insurance Group and provide funds for future growth.
Baker McKenzie, Head of Capital Markets, Craig Andrade stated: