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Herbert Smith Freehills Advises Adairs Limited On Its Initial Public Offering.

19 June, 2015

 

Herbert Smith Freehills has advised Adairs Limited (Adairs) on its successful AUD 220m initial public offering (IPO) and listing on the ASX on 17 June 2015 with a market capitalisation of AUD 400m at the offer price.

 

Melbourne based partner Richard Loveridge led the transaction.

 

Richard Loveridge said: “We are delighted to have been involved with the Adairs IPO. It was a pleasure to work with private equity investors Catalyst, Brett Blundy and a really dedicated management team at Adairs. We wish Adairs every success as a listed company and look forward to continuing to work with Adairs in the future.”

 

Goldman Sachs Australia Pty Ltd and UBS, AG, Australia Branch each acted as Joint Lead Manager and Underwriter on the offering.

 

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