Thomson Geer advises on this year’s biggest equity raising

16 August 2017


Thomson Geer and Fangda Partners are advising International High Grade Fund B, L.P. (Cinda) on its underwriting commitments for Yancoal Australia’s capital raising, this year’s biggest equity raising.

As underwriter, Cinda has agreed to underwrite up to US$750 million of an entitlement offer to Yancoal’s shareholders, which is seeking to raise approximately $US2.35 billion.

The proceeds of the equity raising¬†will be used to partially fund Yancoal’s acquisition of 100% of the shares in Coal & Allied Industries Limited from wholly-owned subsidiaries of Rio Tinto Limited for US$2.69 billion.

The Thomson Geer team is comprised of Partner Jason Marcus, Special Counsel, Sanushka Seomangal and Graduate Lawyer, Hansel Tsang.