Deal Profile | Gadens advises Silk Logistics Holdings on successful ASX listing

Gadens has advised Silk Logistics Holdings Limited (ASX: SLH) on its A$70 million initial public offering (IPO) and its successful listing on the Australian Securities Exchange (ASX).

Australian owned, Silk Logistics Holdings Limited (Silk) provides integrated port to door landside logistic services to some of the world’s biggest names. With foundations stretching back over 50 years, Silk has become a major player in the logistics industry, and continues to grow.

Commenting on Silk’s successful listing, partner Jol Rogers said:

“The Gadens team is delighted to have worked with Silk as part of the IPO team. Listing on the ASX is a significant milestone for the company and it has been great to work with the Board and management to guide the company through this process.”

Shaw and Partners Limited and Morgans Corporate Limited acted as joint lead managers and underwriters and 333 Capital Pty Ltd acted as financial adviser to Silk.

The equity capital markets (ECM) team at Gadens has been involved in a number of successful transactions during the past 12 months, achieving an 8^th ranking in the Refinitiv league table for issuer deal volume in Australia in 2020. Silk’s IPO follows Gadens advising on successful IPOs for 4DMedical and Aussie Broadband in 2020.

Deal value: A$70 million raised with approximately $151 million market capitalisation on listing.

Practice group: Corporate (ECM)

Key team members: The ECM team was led by corporate partner Jol Rogers who was supported by Winnie Sinn (Special Counsel), William Zhang (Senior Associate), Gary Lim (Senior Associate) and Elizabeth Gregory (Lawyer). The ECM team was supported by a number of the other practice groups in the firm including banking and finance, employment advisory, intellectual property and technology, and real estate and construction.