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15 Apr 2014

Clayton Utz acts on BOQ's $400 million entitlement offer to fund Investec acquisition

Brisbane, 15 April 2014: A Clayton Utz team has worked alongside our client Bank of Queensland Limited (BOQ) to bring to market a $400m accelerated renounceable entitlement offer capital raising to partially fund BOQ's acquisition of Investec Bank (Australia) Ltd's professional finance business and asset finance and leasing businesses in Australia. The transaction was announced to the market on 11 April 2014.

Clayton Utz Brisbane corporate partner Tim Reid led the firm's team which included senior associates Natalie Krahe and Esteban Gomez, director - equity capital markets, Natasha Davidson and lawyers Deandra McDonald, Annabel Doneley and Sam Higgs.

Lead partner Tim Reid said the Clayton Utz team is pleased to support long-standing client BOQ to execute the transaction within a tight timeframe.

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