Mantra Group Limited conduct AUD107 million Fully Underwritten Institutional Placement with Macquarie and UBS
We successfully acted for Macquarie Capital (Australia) Limited and UBS AG, Australia Branch as joint lead managers and underwriters of the A$107m fully underwritten institutional placement by Mantra Group Limited.
Mantra Group Limited is the largest Australian based hotel and resort marketer and operator, offering over 19,500+ rooms under management for owners in properties across Australia, New Zealand and Indonesia.
Lead partner on the deal, Lauren Magraith stated: "The proceeds of the placement will be used by Mantra Group to fund the acquisition of ALM Management Services LLC, which operates the Ala Moana Hotel in Honolulu, Hawaii. We were delighted to act for our longstanding clients Macquarie and UBS on this transaction, having also advised on Mantra Group's initial public offering in 2014."
Ala Moana Hotel is a landmark hotel in Honolulu and located next to Ala Moana Center, the world's largest open-air shopping mall.
Lauren was assisted by senior associate, Hoda Nahlous.
This transaction follows Baker & McKenzie's recent roles in advising APN News & Media on their USD180 million entitlement offer announced last week, the joint lead managers on the USD135 million institutional placement and selldown by Aconex Limited, the joint lead managers on the AUD494 million entitlement offer by Qube Holdings Limited, to fund Qube's participation in the c. AUD9 billion takeover of Asciano Limited, and the joint lead managers on the USD405 millio entitlement offer by Spark Infrastructure, to fund Spark Infrastructure's participation in the AUD10.258 billion acquisition of TransGrid.
Baker & McKenzie was named the world's strongest law firm brand for the sixth consecutive year in the Acritas’ Global Elite Law Firm Brand Index.