King and Wood Mallesons acts on launch of Virtus Health’s AU$339m raising
KWM has acted on the launch of Virtus Health’s AU$339m raising, which has signalled a revival of the dormant Australian IPO market.
The pricing of the float is in the top end of the expected range and has received strong demand from investors, leading to Quadrant Private Equity selling down its entire 46.5 per cent stake in Virtus in order to make more shares available to investors.
Virtus, Australia’s largest fertility business, is expected to list with an equity valuation of AU$449m.
The KWM team was led by partners Mark McNamara, Jason Watts and Yuen-Yee Cho. They were supported by senior associates Esther Touma, Alex Elser, Greg Nicholas and Chun Wing Yeung and solicitors Drew Elphick, Jennifer Cheung, Adam Drawbridge, Patrick McGushin, Kenny Wong and Josh Chalkley.
King & Wood Mallesons represented Virtus and Quadrant Private Equity on the transaction.
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