The capital raising included a $22.9m Series C and a $20m corporate debt facility
Clarendon Lawyers has helped an Australian private equity firm on an investment in an Australasian lender.
The corporate law-focused firm advised Kirwood Capital on its investment in a Series C funding round for Harmoney, a digital platform lender in Australia and New Zealand. The round involved a $22.9m investment, including capital from a private institutional investor based in New Zealand, as well as a $20m corporate debt facility, for a total of $42.9m.
The Clarendons team was headed by director Robert Feiner, who was assisted by associate Dean Beaumont. Feiner said that the funding round expands Kirwood’s portfolio while partnering with a leading digital platform lender in the Australasian financial services sector.
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“Kirwood provides its partners with an outstanding opportunity to accelerate their growth,” he said.
Clarendons said that Kirwood was advised on New Zealand matters by Harmos Horton Lusk, with a team that included special counsel Greg Horton and senior associate Emma Barnett. Harmoney was advised by DLA Piper, the firm said.