Herbert Smith Freehills is proud to have advised Barrenjoey Markets Pty Limited and Macquarie Capital (Australia) Limited as joint lead managers and underwriters of The Star Entertainment Group Limitedās (The Star) A$800 million capital raising, comprising a A$685 million 3 for 5 accelerated non-renounceable entitlement offer and A$115 million placement.
The Star obtained A$80 million in pre-commitments from its joint venture partners in (amongst other projects) developing Brisbaneās Queenās Wharf, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The balance of the offer was underwritten.
The Herbert Smith Freehills team was led by partnersĀ Philippa StoneĀ andĀ Patrick Lowden, and supported by senior associateĀ Jennie Bian, and solicitorsĀ David Tilley, Helen Zhang and Jason Lu.
Philippa StoneĀ said, āWe are delighted to have acted for the joint lead managers on this highly successful capital raising for The Star.ā
The Star was advised by King & Wood Mallesons.
