King & Wood Mallesons (KWM) has acted on Adore Beauty Group’s ~$270 million initial public offering (IPO), which is the largest IPO to date this year.
The KWM team, consisting of partner David Friedlander, special counsel Amanda Isouard and solicitor Gemma McMahon, advised the joint lead managers.
Commenting on the offer, David Friedlander said “We are delighted to have advised the joint lead managers in relation to the Adore Beauty Group IPO. 2020 has been an incredibly busy year for capital raisings and the firm has worked closely with both issuers and lead managers on many deals during this time”.
Amanda Isouard added “It was great to see such a strong contingent of female professionals involved in the IPO, including from the law, accounting, banking and communications fields.”
KWM has also acted on the majority of the top 10 largest secondary capital raisings during the COVID-19 crisis to date. The cumulative total of secondary capital raising funds raised under the firm’s guidance since 22 March 2020 is ~$17.3 billion, being approximately half of all secondary capital raisings during that time by deal value.
This large market share continues KWM’s ongoing success in the ECM space. The KWM ECM team has worked on both of the largest placements and the largest ever entitlement offer in Australian corporate history. KWM has also advised on a significant number of the $1 billion-plus secondary capital raisings in Australian corporate history.