Jurisdiction - Australia
Herbert Smith Freehills Advises Regis Healthcare Limited On Its Initial Public Offering.

9 October, 2014


Herbert Smith Freehills has advised Regis Healthcare Limited (Regis), a private  residential aged care provider, on its successful AUD 485.8m initial public offering (IPO) on the Australian Securities Exchange, with shares in Regis closing 10% higher than the offer price on the opening day of trading. Regis was formed in the early 1990s and has grown from an initial portfolio of 104 places to 45 facilities with over 4,700 operational places. Regis’ service offering is targeted at the premium end of the market with a focus on high acuity care.


Australian Partner Michael Ziegelaar led the transaction. Ziegelaar said, ‘It has been an absolute pleasure to work with Regis on its IPO. Regis is very well placed to thrive in the listed environment and we look forward to continuing to contribute to Regis’ success in the future.’


Ross Johnston, CEO of Regis, said: ‘This is the first time that we have worked with Herbert Smith Freehills. We chose the firm because of its strong ECM credentials. The HSF team certainly lived up to their reputation and did a great job in guiding us through the IPO process.’


Other firms involved in the transaction included Macquarie Capital (Australia) Limited acting as Global Co-ordinator and Bookrunner and Joint Lead Manager. Evans and Partners Pty Ltd and Morgans Corporate Limited each also acted as a Joint Lead Manager on the offering.


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