Salter Brother’s Initial Public Offering

MinterEllison advised Salter Brothers on the initial public offering and ASX listing of the listed investment company, Salter Brothers Emerging Companies Limited (ASX: SB2).

SB2 commenced trading on the ASX on 16 June, with a net asset value of approximately $100 million. The Company focuses on listed and unlisted emerging companies investments with a market capitalisation under $500 million – and, as outlined by Salter Brothers, ‘offers investors an opportunity to gain exposure to unlisted emerging companies that investors may not otherwise be able to access directly’.

SB2 launched its $20 million initial public offering in May, 2021. 

The MinterEllison team was led by Steven Wang (Picture), supported by Bart Oude-Vrielink (Partner), John O’Connell (Special Counsel), Hannah Dixon (Senior Associate), Mark Simkiss (Associate), Philippa Symon (Associate), Kristy Turner (Lawyer), Elizabeth Schuster (Lawyer), Vincent Lau (Lawyer), Hanh Vi Nguyen (Lawyer), China Waters (Lawyer) and Alice Tyson (Graduate). The transaction leveraged MinterEllison’s broad spectrum of expert knowledge, with tax expertise from Adrian Varrasso (Partner), Robert Yunan (Special Counsel) and Daniel Kornberg (Senior Associate), and financial services and SIV regime expertise from Richard Batten (Partner), Michael Mellon (Special Counsel) and Nicole Martinez (Lawyer).

Involved fees earner: Richard Batten – Minter Ellison; Hannah Dixon – Minter Ellison; Daniel Kornberg – Minter Ellison; Vincent Lau – Minter Ellison; Nicole Martinez – Minter Ellison; Michael Mellon – Minter Ellison; Hanh Vi Nguyen – Minter Ellison; John O’Connell – Minter Ellison; Bart Oude-Vrielink – Minter Ellison; Elizabeth Schuster – Minter Ellison; Mark Simkiss – Minter Ellison; Philippa Symon – Minter Ellison; Kristy Turner – Minter Ellison; Adrian Varrasso – Minter Ellison; Steven Wang – Minter Ellison; China Waters – Minter Ellison; Robert Yunan – Minter Ellison;

Law Firms: Minter Ellison;

Clients: Salter Brothers Asset Management Pty Ltd;

Author: Sonia Carcano