23 Jul 2010

Clayton Utz advises on SAI Global's strategic equity raising

Sydney, 23 July 2010: Clayton Utz is advising Macquarie Capital Advisers as underwriter of SAI Global's A$130 million equity raising.

SAI Global is seeking to raise A$130 million in new equity and $US60 million in debt to finance its proposed acquisition of 100% of Integrity Interactive, a leading US-based compliance and ethics solutions provider.

Clayton Utz's head of Equity Capital Markets Stuart Byrne is leading the team advising Macquarie Capital Advisers.

Commenting on the transaction Mr Byrne said: "Clayton Utz is pleased to advise long-standing client Macquarie Capital Advisers on this transaction. I expect we will see more equity raisings to fund strategic acquisitions as economic conditions improve."

The raising will seek to raise A$80 million through an accelerated non-renounceable pro-rata entitlement offer and an additional A$50 million through an institutional placement.

Related Knowledge

Get in Touch

Get in touch information is loading


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.