The firm assisted on a $156.5m placement and a strategic investment
King & Wood Mallesons (KWM) has assisted Bellevue Gold Limited and Five Good Friends in two recent deals.
A team led by partners Heath Lewis and Antonella Pacitti guided Bellevue, while another team headed by private capital partner Anthony Boogert advised Five Good Friends.
The firm help Bellevue with a $156.5m institutional placement and is supporting it on a current strategic review. The placement was fully underwritten by Canaccord Genuity (Australia) Limited, UBS Securities Australia Limited and Argonaut PCF Limited.
The proceeds have been used to close out near-term hedge contracts and to provide working capital for Bellevue’s revised mine plan. This bolsters the company’s exposure to spot gold prices through to the end of the year, KWM said.
Lewis and Pacitti were supported by senior associate Caitlin Sharp and solicitor Cairo Leicester on the transaction.
KWM helped home care service provider Five Good Friends to secure a strategic investment from global asset management firm TPG.
As per deal terms, TPG picks up a majority stake in Five Good Friends, which was founded by Simon Lockyer and Nathan Betteridge. Lockyer and Betteridge will continue to lead Five Good Friends and keep their stakes in the company.
Global investment company EQT maintains a minority interest. According to KWM, the transaction “represents a significant investment in the health care industry and marks a pivotal milestone for the founder-led business in continuing to grow the business in the home care sector”.
“It was a pleasure to assist Five Good Friends on this significant transaction in the care industry. The transaction also signifies the growing investment in businesses that integrate technology into its primary offering”, Boogert said.
He was supported by insurance partner Mandy Tsang, senior associate Victoria Lanyon (tax), and private capital solicitors Lauren Meyers-Young, Iris Lo and Eliza Fairbairn.
Five Good Friends focuses on the care of older adults and individuals with disabilities. It developed the SaaS solution Lookout, which automates the tracking, monitoring and reporting of care quality and outcomes via automatic check-in and check-out, family access to the care platform, recorded care notes, tracking of client data with automated escalation to care managers, and complex rostering functions, KWM said.
