Baker McKenzie has acted for Youfoodz Holdings Limited (Youfoodz), one of Australia’s fastest growing consumer food brands, on its initial public offering (IPO) and ASX listing.
Youfoodz was founded in 2012 and specialises in the production and distribution of high quality and affordable fresh, ready-made meals and other convenience products. The IPO raised $70 million at $1.50 per share. The shares in Youfoodz commenced trading on ASX today.
Baker McKenzie's team was led by corporate partners Lance Sacks and Rick Troiano, with assistance from senior associate Xavier Keary and associates Kurt Fisher and Lewis Assness.
Lance Sacks said: "We are very pleased to have been able to assist Youfoodz on this important transaction, which has provided Youfoodz with the funding to support its growth strategy. We congratulate Youfoodz and its team on this milestone and wish Youfoodz great success in the future."
Baker McKenzie specialises in supporting clients for the duration of their journey from start-ups, to pre-IPO raises, through to IPO, as well as capital raisings post-IPO.