28 Mar 2013

Clayton Utz advises Macquarie Capital on $187 million sell-down by Clough of Forge shareholding

Melbourne, 28 March 2013: Clayton Utz has advised Macquarie Capital (Australia) Limited as underwriters in respect of the sell-down by engineering and project services company Clough Limited via a Block Trade Agreement of approximately 30.9 million shares in Forge Group Limited, raising gross proceeds of approximately $187 million.

Clayton Utz Melbourne Equity Capital Markets partner Brendan Groves led the firm's team that advised Macquarie on the transaction, which was announced to the market on 25 March 2013.

Mr Groves commented that the market was starting to see a number of block trades as the equity capital markets improved.

The transaction represents the sell-down by Clough Limited of its entire shareholding in Forge Group.

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