31 October 2014
Clifford Chance advises Moelis and Morgans on A$161 million IPO of homebuilder Simonds Group
Leading international law firm Clifford Chance has advised Moelis Australia Advisory Pty Ltd and Morgans Corporate Limited in their roles as underwriters to the initial public offering of Simonds Group Limited.
Simonds, Victoria's largest homebuilder, has raised approximately A$160 million from investors in Australia as well as other markets.
Moelis Australia Advisory Pty Ltd and Morgans Corporate Limited were joint lead managers, underwriters and bookrunners for the initial public
offering. Moelis Australia Advisory Pty Limited also acted as financial advisor to Simonds.
"It has been a great pleasure to have assisted Moelis and Morgans on yet another successful capital raising this calendar year," said partner Lance Sacks.
Lance was assisted by counsel Jane Ann Gray and associates Terence Kwong and Gabriel Baker.