Grace Quigley
Manager External Comms •
Sydney
Media Release: Clayton Utz advises Macquarie on a $200 million capital raising for automative company Bapcor
1 minute
Clayton Utz has advised Macquarie Capital on a $200 million capital raising for leading Australasian automotive aftermarket parts company Bapcor, with the results of the retail offer announced to the market today. Macquarie was the sole lead manager and underwriter for the raising.
The retail component of Bapcor's $200 million capital raising, comprising of a $50 million placement and $150 million accelerated non-renounceable entitlement offer, closed last week and will settle tomorrow, following the settlement of the institutional component on 5 March 2026. Bapcor will use the capital raised to reduce debt and improve financial flexibility.
Clayton Utz corporate partner Brendan Groves led the team alongside special counsel Kate Allison and senior associate Sacha Fitzpatrick.
Commenting on the firm's role, Mr Groves said:
It was a pleasure to have advised Macquarie on what is a significant capital raising for Bapcor.
The capital raising for Bapcor follows Clayton Utz's role in advising E&P Capital, Morgans Financial, and National Australia Bank as Joint Lead Managers on Revolution Private Credit Income Trust's (REV) $60 million placement earlier this year. This followed the firm advising a syndicate of eight Joint Lead Managers on the successful $400 million IPO and ASX listing of REV in September last year.
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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.