Australia is growing increasingly confident in the fintech sector, the firm’s lead partner says
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King & Wood Mallesons (KWM) helped complete Australia’s largest fintech sector debt-market deal to date.
The firm assisted ASX-listed fintech company zipMoney Limited on a $260m facility led by National Australia Bank (NAB). The bank provided $200m in senior funding.
The deal is a milestone, as the significant funding from a Big 4 bank demonstrates increasing confidence in the fintech sector, KWM lead partner Ian Edmonds-Wilson said. Edmonds-Wilson, who led the team that advised zipMoney, was assisted by senior associate Anny Chen.
KWM also advised FIIG, which provided the $40m mezzanine funding component of the deal. The funding also included $20m in junior notes and equity. KWM partner Paul Smith led the team that acted for FIIG. He was supported by senior associate Daniel Bragg.
The firm recently acted on the acquisitions of the Clare Solar farm, Retail Apparel Group, Ansell’s sexual wellness business unit, and Icon Cancer Care. It also recently helped G8 Education, the country’s largest listed childcare provider, raise capital after a Chinese investor backed out of its scheduled investment.
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The firm assisted ASX-listed fintech company zipMoney Limited on a $260m facility led by National Australia Bank (NAB). The bank provided $200m in senior funding.
The deal is a milestone, as the significant funding from a Big 4 bank demonstrates increasing confidence in the fintech sector, KWM lead partner Ian Edmonds-Wilson said. Edmonds-Wilson, who led the team that advised zipMoney, was assisted by senior associate Anny Chen.
KWM also advised FIIG, which provided the $40m mezzanine funding component of the deal. The funding also included $20m in junior notes and equity. KWM partner Paul Smith led the team that acted for FIIG. He was supported by senior associate Daniel Bragg.
The firm recently acted on the acquisitions of the Clare Solar farm, Retail Apparel Group, Ansell’s sexual wellness business unit, and Icon Cancer Care. It also recently helped G8 Education, the country’s largest listed childcare provider, raise capital after a Chinese investor backed out of its scheduled investment.
Related stories:
KWM puts Asia on centre stage as it turns over a new leaf
Top firm aids Australia’s largest listed childcare provider after Chinese backer backflips
