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Media Release: Clayton Utz advises Fleetwood Corporation on its $60 million equity raising and acquisition of Modular Building Systems

25 Jul 2018

Perth, 25 July 2018: Clayton Utz has advised ASX-listed Fleetwood Corporation Limited (Fleetwood) on its $60 million raising via a $22 million placement to sophisticated and institutional investors and a $38 million (1 for 2.9) accelerated non-renounceable entitlement offer, announced to the market today.  The raising is fully underwritten by Euroz Securities Limited.

Perth corporate advisory/M&A partner Mark Paganin and special counsel Liz Humphry led the Clayton Utz team, which included lawyer Ben Depiazzi.

The funds raised will be used to fund the acquisitions of Sydney-based modular building manufacturer, Modular Buildings Systems (on which Clayton Utz also advised) and Melbourne-based caravan plumbing and electrical services and parts supplier, Northern RV, as well as working capital requirements.

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Disclaimer
Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.