Sydney, Australia—Dentons, the world’s largest global firm, is pleased to announce its role in advising Papua New Guinea (PNG) headquartered Kina Securities Limited (Kina) on its funding for WLTH, a leading fintech based in Brisbane. The funding facilitated WLTH’s acquisition of Mortgage Mart of Australia. Kina is a diversified financial services provider in PNG which operates under a number of divisions, one of which include Kina Bank.
With a loan portfolio exceeding $1 billion, Mortgage Mart of Australia is a significant player in the Australian mortgage market. Kina’s investment in WLTH’s acquisition will benefit its customers and stakeholders, further strengthening its position in PNG and the wider region.
The Dentons team, led by Corporate Partner Kym Livesley, Managing Associate Urvashi Seomangal and Solicitor Cynthia Van, provided expert guidance throughout the transaction.
“We are delighted to have worked with ASX-listed and PNGX-listed, Kina,” said Kym Livesley, Lead Partner. “It continues our important long-standing working relationship and is another example of our highly involved PNG experienced Australian practice.”
This transaction highlights Dentons’ commitment to providing exceptional debt and equity financing and merger and acquisition legal services to clients in the banking and finance sector.
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