Firms work on proposed $250m IPO

Three firms mobilise as a listed investment company plans to join the ASX

Firms work on proposed $250m IPO

Three firms have mobilised teams to help in the proposed IPO and ASX listing of Tribeca Global Natural Resources.

For Tribeca, Kardos Scanlan acted as Australian legal counsel to the offer, while Webb Henderson provided New Zealand legal advice. Ashurst acted as legal adviser to Commonwealth Securities Ltd, the lead arranger and a joint lead manager of the offer.

The company aims to be a listed investment firm and raise $250m in the IPO.

Kardos Scanlan prepared the due diligence program of the offer and performed due diligence enquiries on legal matters, Tribeca said. In addition to providing New Zealand legal advice, Webb Henderson also provided an address for service in New Zealand, Tribeca said.

The Ashurst team was led by corporate partner Sarah Dulhunty. It included senior associate Scott Lai and lawyer Diana Oh.

Kardos Scanlan and Webb Henderson recently acted in one of Australia’s largest ever investment fund flotations on the ASX.