Baker McKenzie acts on $350 million equity raising by Qube to fund Moorebank Logistics Park and other growth initiatives
Baker McKenzie acted for UBS as the sole Lead Manager and Underwriter to Qube's $350 million equity raising. Funds raised will be directed to Qube's development at Moorebank - the largest intermodal precinct in Australia, along with other growth projects.
Baker McKenzie lead partner, Lauren Magraith stated:
We were delighted to act for our client, UBS, as the sole Lead Manager and Underwriter on another raising for Qube Holdings
. "The transaction represents the next step in funding Qube's growth objectives and we are pleased to yet again be part of the team that is assisting in this progress."
Baker McKenzie previously advised the underwriters of Qube Holding's A$405 million entitlement offer, which was used to fund Qube's participation in the A$9 billion consortium takeover of Asciano Limited. This transaction recently won M&A deal of the year and Australian deal of the year at the Lawyers Weekly Australian Law Awards 2017.
Lauren was assisted by a Baker McKenzie team comprising senior associate Hoda Nahlous and associate Ivo Basoski.
Baker McKenzie's ECM team is currently the #1 ECM legal team in the Australian market (for both issuers and lead managers), according to Thomson Reuters 2016.