Jonathan Grant

Jonathan Grant

Jonathan Grant is a Partner in King & Wood Mallesons' M&A and Capital Markets team. He specialises in:

  • Capital raisings (equity, hybrid and retail debt)
  • Public and privately negotiated M&A (including schemes of arrangement, takeovers, asset/share sales, competitive sales processes and joint ventures)
  • Other corporate transactions (including capital reductions, buy-backs and share sale facilities).

He also regularly advises on general corporate, securities law and governance issues and has co-lectured a masters course in equity capital markets law at Monash University.

Jonathan is currently based in the Beijing office and will have a particular focus on international capital raisings by Chinese issuers and Australia-Sino M&A transactions.

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Recent matters

Capital Raisings

  • Estia Health $1 billion IPO (2014)
  • Hopu Investments' cornerstone stake in Paladin Energy (acting for Chinese investment house, Hopu) (2014)
  • Suncorp Group $360m public offering of CPS3 tier 1 hybrid securities (2014)
  • AMP $325 million retail subordinated note offer to fund tier 2 capital within the AMP group (2013)
  • Steadfast Group restructure, broker acquisitions and IPO (2013)
  • Suncorp Group $700 million public offering of subordinated notes (the first post-Basel III Tier 2 regulatory capital by an Australian bank) (2013)
  • Suncorp Group $500 million public offering of CPS2 tier 1 hybrid securities (2012)
  • Brambles $450 million accelerated renounceable entitlement offer (PAITREO structure) (2012)
  • Billabong $225 million accelerated non-renounceable entitlement offer (for the underwriters) (2012).

Mergers & Acquisitions

  • Steadfast $105 million acqusition of Calliden Group Limited (by scheme of arrangement) and on-sale of Calliden's general insurance operations to Munich Re (2014)
  • Transurban-led consortium $7.06 billion acquisition of Queensland Motorways (2014)
  • Brambles $1.4 billion demerger and ASX listing of Recall (2013)
  • Steadfast acquisitions of various insurance brokerage and underwriting businesses, including acquisitions of Protecsure (2013), Nautilus (2014) and Mecon (2014)
  • Woolworths’ acquisition and then subsequent sale of Austral manufacturing assets (including Chinese subsidiary) (2012/2013)
  • AMP $425 million sale of a 15% interest in the AMP Capital business to, and strategic alliance with, Mitsubishi UFJ Trust & Banking Corporation (2012).


  • Woolworths unmarketable parcel share sale facility (2011)
  • Woolworths $325 million on-market share buy-back (2010) and $700 million off-market share buy-back (2010)
  • Employee/executive incentive plans for various clients.

Professional memberships

  • Law Society of NSW.


  • 2002: LLB (First Class Honours), University of Sydney
  • 2006: LLM (First Class Honours), University of Cambridge.
Legal insights

In China’s push to create an open yet orderly economy, the National Development and Reform Commission has issued new rules on Chinese outbound investments.

13 March 2018

China’s State Council published a set of investment guidelines providing official clarity by classifying overseas investments into three main categories: encouraged, restricted and prohibited...

21 August 2017

The acquisition of Pacific Hydro Group, IFM Investor's renewable energy portfolio, was one of the largest ever acquisition by a Chinese bidder into Australia.

25 July 2016

China’s growing middle class and aging population is driving demand for improved health and aged care services and products.

14 April 2016