With over 20 years' experience, Stuart Byrne is ranked as one of the top securities law and capital market practitioners in Australia, and is the national head of our Equity Capital Markets team.

He offers a wealth of experience advising companies and the major investment banks in Australia across the full spectrum of unlisted and listed fund raising transactions.

Stuart's strong client focus and broad skills in public and private corporate and commercial work underpin his advice to ASX-listed and unlisted issuers, and investment banks, on initial public offerings, placements and general capital raisings, rights issues, accelerated renounceable and non-renounceable entitlement offers, placements, share purchase plans and dividend reinvestment plans. He has a particular understanding of the needs of foreign investors and regularly works with them on capital raisings in or from Australia.

He advises issuers and investment banks on institutional and retail hybrid security, convertible note and debt offers, and on refinancing or restructuring transactions with equity or hybrid components.

Stuart complements this with an in-depth understanding of head office work, including corporate governance, continuous disclosure and executive and employee incentive plans, and on mergers and acquisitions, particularly in connection with initial public offerings.

Read More

Expertise

Expand all

Capital Markets and Securities

Bravura Solutions: advised financial services software provider Bravura on its recent A$350 million IPO and ASX listing.

WiseTech Global: advised logistics SaaS provider WiseTech on a recent round of equity and debt raising (including with Fidelity Investments), and advised on its highly successful 2016 IPO, valuing the company at ~A$1.1 billion on debut. This is the largest IPO of 2016 to date.

Oneview Healthcare: advised Oneview Healthcare on its A$194 million IPO and listing on the ASX. 

amaysim Australia Limited: advised mobile virtual network operator amaysim on its 2015 A$350 million IPO and ASX listing.

MYOB Group Limited: advised business solutions software provider MYOB on its A$2.1 billion IPO and ASX listing ‒ the largest tech IPO in Australia.

Eclipx Group Limited (formerly FleetPartners): advised vehicle and equipment financier Eclipx on its A$518 million IPO and ASX listing.

Touchcorp Limited: advised software producer Touchcorp Limited on its A$162.3 million IPO and ASX listing.

Medibank Private: acted for the joint lead managers (Deutsche, Goldman Sachs and Macquarie) on the A$5.7 billion IPO of Medibank Private.

Monash IVF: advised IVF provider Monash IVF on its A$427.5 million IPO and ASX listing.

MySale Group: advised online shopping retailer MySale Group in connection with its £340 million IPO and listing on AIM (LSE) and cornerstone investment by Sir Philip Green's Shelton Capital Limited.

Ozforex: advised online currency exchange provider Ozforex on its successful dual track A$600 million IPO and listing on the ASX.

Origin Energy: advised Origin Energy on a range of capital markets transactions including on its: A$900 million offer of ASX listed hybrid notes; A$2.3 billion entitlement offer (innovating the PAITREO structure) and its subsequent A$2.5 billion PAITREO in 2015, US$500 million 144A senior unsecured notes offer; and Euro 500 million hybrid issue.

Other IPOs

3P Learning: advised Macquarie on 3P Learning’s A$337 million IPO; Industria REIT: advised Macquarie, UBS, ANZ and Morgans on Industria REIT's A$225 million IPO; Smartgroup: advised Macquarie and CIMB on Smartgroup's A$162 million IPO; oOh!Media: advised Macquarie and JP Morgan on oOh!Media's A$350 million IPO; QR National: advised Credit Suisse, Merrill Lynch, Goldman Sachs, RBS and UBS on QR National's (now Aurizon) A$3.7 billion IPO. 

Block Trades

Spotless Group: advised Pacific Equity Partners on 3 block trades in Spotless Group (A$800 million); Veda Group Limited: advised Pacific Equity Partners on 3 block trades Veda Group (A$1.2 billion); Aurizon: advised Queensland Treasury Holdings on 3 block trades (A$1.7 billion) / and Aurizon's buy-back (A$1 billion);Australand Group: advised CapitaLand on its block trade in Australand Group (A$1.28 billion); Sandfire Resources: advised POSCO on its block trade in Sandfire Resources (A$129 million). 

Hybrids and retail bonds

Suncorp: advised UBS, ANZ, NAB, RBS Morgans and Westpac on Suncorp's A$350 million CPS offer; Caltex Australia: advised Citigroup, UBS, NAB and Westpac on Caltex Australia's A$550 million subordinated notes offer; Bank of Queensland: advised BOQ on its $300 million, 2012 CPS offer; Tatts Group: advised Tatts Group on its A$185 million retail vanilla bond offer; Woolworths: advised Woolworths on its A$600 million and $A500 million subordinated notes offers.

Rights issues

Boral Limited: advised Citigroup, Macquarie Capital and JP Morgan, on Boral's A$2.05 billion pro-rata accelerated institutional, tradeable retail entitlement offer and an institutional placement; Toxfree Solutions: advised Tox on  it’s a$85million accelerated non-renounceable rights offer; Xenith IP Group: advised Xenith on its A$152 million accelerated non-renounceable entitlement offer; Origin Energy: advised Origin Energy on its A$2.3 billion and A$2.5 billion PAITREOs; Echo Entertainment: advised Macquarie and UBS, on Echo Entertainment's A$454 million accelerated renounceable entitlement offer; SP AusNet: advised Macquarie and UBS, on SP AusNet's A$434 million accelerated non-renounceable pro rata entitlement offer; Super Retail Group: advised Macquarie and RBS on Super Retail Group's A$334 million PAITREO;  Asciano: advised Asciano on its landmark A$2.35 billion placement and accelerated entitlement offer.

See Capital Markets and Securities

Equity Capital Markets / IPOs

Bravura Solutions: advised financial services software provider Bravura on its recent A$350 million IPO and ASX listing.

WiseTech Global: advised logistics SaaS provider WiseTech on a recent round of equity and debt raising (including with Fidelity Investments), and advised on its highly successful 2016 IPO, valuing the company at ~A$1.1 billion on debut. This is the largest IPO of 2016 to date.

Oneview Healthcare: advised Oneview Healthcare on its A$194 million IPO and listing on the ASX. 

amaysim Australia Limited: advised mobile virtual network operator amaysim on its 2015 A$350 million IPO and ASX listing.

MYOB Group Limited: advised business solutions software provider MYOB on its A$2.1 billion IPO and ASX listing ‒ the largest tech IPO in Australia.

Eclipx Group Limited (formerly FleetPartners): advised vehicle and equipment financier Eclipx on its A$518 million IPO and ASX listing.

Touchcorp Limited: advised software producer Touchcorp Limited on its A$162.3 million IPO and ASX listing.

Medibank Private: acted for the joint lead managers (Deutsche, Goldman Sachs and Macquarie) on the A$5.7 billion IPO of Medibank Private.

Monash IVF: advised IVF provider Monash IVF on its A$427.5 million IPO and ASX listing.

MySale Group: advised online shopping retailer MySale Group in connection with its £340 million IPO and listing on AIM (LSE) and cornerstone investment by Sir Philip Green's Shelton Capital Limited.

Ozforex: advised online currency exchange provider Ozforex on its successful dual track A$600 million IPO and listing on the ASX.

Origin Energy: advised Origin Energy on a range of capital markets transactions including on its: A$900 million offer of ASX listed hybrid notes; A$2.3 billion entitlement offer (innovating the PAITREO structure) and its subsequent A$2.5 billion PAITREO in 2015, US$500 million 144A senior unsecured notes offer; and Euro 500 million hybrid issue.

Other IPOs

3P Learning: advised Macquarie on 3P Learning’s A$337 million IPO; Industria REIT: advised Macquarie, UBS, ANZ and Morgans on Industria REIT's A$225 million IPO; Smartgroup: advised Macquarie and CIMB on Smartgroup's A$162 million IPO; oOh!Media: advised Macquarie and JP Morgan on oOh!Media's A$350 million IPO; QR National: advised Credit Suisse, Merrill Lynch, Goldman Sachs, RBS and UBS on QR National's (now Aurizon) A$3.7 billion IPO. 

Block Trades

Spotless Group: advised Pacific Equity Partners on 3 block trades in Spotless Group (A$800 million); Veda Group Limited: advised Pacific Equity Partners on 3 block trades Veda Group (A$1.2 billion); Aurizon: advised Queensland Treasury Holdings on 3 block trades (A$1.7 billion) / and Aurizon's buy-back (A$1 billion); Australand Group: advised CapitaLand on its block trade in Australand Group (A$1.28 billion); Sandfire Resources: advised POSCO on its block trade in Sandfire Resources (A$129 million). 

Hybrids and retail bonds

Suncorp: advised UBS, ANZ, NAB, RBS Morgans and Westpac on Suncorp's A$350 million CPS offer; Caltex Australia: advised Citigroup, UBS, NAB and Westpac on Caltex Australia's A$550 million subordinated notes offer; Bank of Queensland: advised BOQ on its $300 million, 2012 CPS offer; Tatts Group: advised Tatts Group on its A$185 million retail vanilla bond offer; Woolworths: advised Woolworths on its A$600 million and $A500 million subordinated notes offers.

Rights issues

Boral Limited: advised Citigroup, Macquarie Capital and JP Morgan, on Boral's A$2.05 billion pro-rata accelerated institutional, tradeable retail entitlement offer and an institutional placement; Toxfree Solutions: advised Tox on  its a$85million accelerated non-renounceable rights offer; Xenith IP Group: advised Xenith on its A$152 million accelerated non-renounceable entitlement offer; Origin Energy: advised Origin Energy on its A$2.3 billion and A$2.5 billion PAITREOs; Echo Entertainment: advised Macquarie and UBS, on Echo Entertainment's A$454 million accelerated renounceable entitlement offer; SP AusNet: advised Macquarie and UBS, on SP AusNet's A$434 million accelerated non-renounceable pro rata entitlement offer; Super Retail Group: advised Macquarie and RBS on Super Retail Group's A$334 million PAITREO;  Asciano: advised Asciano on its landmark A$2.35 billion placement and accelerated entitlement offer. 

See Equity Capital Markets / IPOs

Debt Capital Markets

Suncorp: advised UBS, ANZ, NAB, RBS Morgans and Westpac on Suncorp's A$350 million CPS offer; Caltex Australia: advised Citigroup, UBS, NAB and Westpac on Caltex Australia's A$550 million subordinated notes offer; Bank of Queensland: advised BOQ on its $300 million, 2012 CPS offer; Tatts Group: advised Tatts Group on its A$185 million retail vanilla bond offer; Woolworths: advised Woolworths on its A$600 million and $A500 million subordinated notes offers. 

See Debt Capital Markets

Corporate Governance

Stuart has significant experience advising the boards and management of public companies on the interplay of corporations law and corporate governance issues. Specifically he advises on the structure, implementation and maintenance of effective governance policies and procedures, including directors' duties and continuous disclosure.

Stuart is also provides clients detailed and up-to-date advice on the latest developments and current practice in company law to address the heightened levels of scrutiny faced by companies.  

See Corporate Governance

Capital Management

Suncorp: advised UBS, ANZ, NAB, RBS Morgans and Westpac on Suncorp's A$350 million CPS offer; Caltex Australia: advised Citigroup, UBS, NAB and Westpac on Caltex Australia's A$550 million subordinated notes offer; Bank of Queensland: advised BOQ on its $300 million, 2012 CPS offer; Tatts Group: advised Tatts Group on its A$185 million retail vanilla bond offer; Woolworths: advised Woolworths on its A$600 million and $A500 million subordinated notes offers.  

See Capital Management

Corporate / M&A

Oticon Australia: advised Oticon Australia, a subsidiary of the Copenhagen listed William Demant Holding A/S, regarding multiple strategic acquisitions.

Xenith IP Group: advised Xenith on its recent acquisition of Griffith Hack, one of Australia's leading specialist IP firms.

Toxfree Solutions: advised Toxfree Solutions on its A$186 million acquisition of 100% of the shares and related assets of Daniels Health Pty Ltd and Daniels Manufacturing Pty Ltd. 

Ozforex: advised online currency exchange provider Ozforex on its successful dual track A$600 million IPO and listing on the ASX.

See Corporate / M&A

Knowledge

    Related knowledge information is loading