Acacia Partners’ A$17.5 Million Convertible Notes Offer


Gilbert + Tobin has advised NAOS Ex-50 Opportunities Company Limited on the deal.

NAC acted as issuer on its successful issuance of the A$17.5 million convertible notes to retail investors (Notes), arranged by Acacia Partners.

NAC is a listed investment company which aims to provide investors with long-term concentrated exposure to Australian undervalued listed small and mid-cap companies with an industrial focus.

The Notes are listed, unsubordinated and unsecured debt obligations of NAC, due to mature in 2027 (unless redeemed or converted earlier). The proceeds of the Notes will be used to fund further investments in securities by NAC which will support its growth objectives.

The team was led by ECM partner Alastair Corrigall (Picture) and DCM special counsel, Louise McCoach, with support from lawyer Michael Tong and consultant Lukasz Napieraj.

Involved fees earner: Alastair Corrigall – Gilbert + Tobin; Louise McCoach – Gilbert + Tobin; Michael Tong – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: NAOS Ex-50 Opportunities Company Limited;

Author: Michael Patrini