One of the firms involved isn't your traditional large law firm
Two firms have confirmed their involvement in the $200m equity raising by Freedom Foods.
PwC Legal has confirmed to Australasian Lawyer that it is the legal counsel of Freedom Foods on its fully underwritten entitlement offer and placement.
The firm’s team advising Freedom Foods is led by partners Tim Blue and Michael O’Neill and director Tuanh Nguyen. They are spearheading a new focused growth play in equity capital markets for PwC, a spokesperson said.
Ashurst is advising UBS Australia, and Veritas Securities, the underwriters of the deal. The global firm’s team is headed by partner Sarah Dulhunty.
The capital raising includes a pro rata accelerated non-renounceable entitlement offer of three new fully paid shares in Freedom Foods to raise about $100m. This tranche will settle on 11 April. The institutional placement also raised $100m and settled late last month.
