Clayton Utz advises on $60 million equity raising for Fleetwood Corp... G+T expands program for Australian business women...
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It’s been a tough year for Facebook with a seemingly endless run of allegations involving data privacy and misinformation, so perhaps it’s not surprising that the firm’s top lawyer is leaving.
Colin Stritch announced this week – on his Facebook account obviously – that he is stepping down as general counsel at the end of 2018, five years after being promoted from deputy GC.
Stritch moved from Facebook’s California base to Washington DC a few years’ ago and said that he knew the decision would make continuing as the firm’s GC tricky long-term.
“As Facebook embraces the broader responsibility Mark [Zuckerberg] has discussed in recent months, I've concluded that the company and the Legal team need sustained leadership in Menlo Park,” he wrote on Facebook.
Clayton Utz, Baker McKenzie advise on $60 million equity raising for Fleetwood Corp, $34 million acquisition of Modular Building Systems
A team from Clayton Utz in Perth has led ASX-listed Fleetwood Corporation on its $60 million equity raising and acquisition of Modular Building Systems (MBS). Baker McKenzie advised Shawcorp Investments on its agreement to sell MBS for $34 million.
Corporate advisory/M&A partner Mark Paganin and special counsel Liz Humphry led the Clayton Utz team, which included lawyer Ben Depiazzi.
The Baker McKenzie team was led by senior associate Tharani Dharmaraj, with assistance from partner Ben McLaughlin, associate Emily Hunter and law graduate Kathryn Schultz.
The funds were raised via a $22 million placement to sophisticated and institutional investors and a $38 million (1 for 2.9) accelerated non-renounceable entitlement offer; and will be used partly for the MBS acquisition.
"At present, Fleetwood does not have operations in the Sydney market and this will be a game changer for their business. The deal represents significant value being realised on both sides of the transaction," Dharmaraj said.
G+T expands program for Australian business women
Gilbert + Tobin’s initiative to support executive women has been expanded to another area.
The Women’s Circle was established in Melbourne in 2016 and will now extend to Perth with a 12-month program aimed at career enrichment for the city’s rising female executives. It will meet once per month.
“Thirty five percent of our partners are women, and women make up sixty two percent of our total employees. Our people come from a broad range of backgrounds and points of view and we really see the value diversity brings to the firm. It is therefore important that we support the next generation of talented women to step up into leadership roles and achieve gender balance in our businesses, institutions and across society more broadly,” commented G + T Perth lead Partner, Michael Blakiston .
