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David Tilley

Solicitor

David is a solicitor in our corporate team, focusing on equity capital markets and mergers and acquisitions.

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Experience

David advises clients in a variety of corporate transactions and has experience in equity capital markets, public and private mergers and acquisitions, corporate restructures and general corporate advisory.

David’s recent ECM experience includes acting as:

  • Issuer counsel, IPO equity securities – Judo Bank ($653 million), Best & Less Group ($100 million) and hipages Group ($100 million)
  • Issuer counsel, IPO hybrid securities - Commonwealth Bank of Australia on its $1,750 million offer of PERLS XIV Capital Notes (and concurrent PERLS IX reinvestment offer)
  • Issuer counsel, secondary raising equity securities:
    • Foreign counsel to NZX on its NZ$44 million fully underwritten pro-rata accelerated renounceable entitlement offer
    • Wisr on its $55 million fully underwritten institutional placement and non-underwritten share purchase plan
  • Lead manager counsel, IPO hybrid securities:
    • Australia and New Zealand Bank’s $1.28 billion Capital Notes 7 offer (and concurrent Capital Notes 2 reinvestment offer)
    • Australian Unity’s $105 million Mutual Capital Instruments offer (the first time that Mutual Capital Instruments were offered in Australia)
  • Lead manager counsel, secondary raising equity securities:
    • Zip’s $149 million fully underwritten institutional placement
    • BWX’s $85 million fully underwritten institutional placement
    • Challenger’s $270 million fully underwritten institutional placement
    • Webjet’s $275 million fully underwritten institutional placement and partially underwritten accelerated pro-rata, non-renounceable entitlement offer.

David’s recent M&A and corporate restructuring experience includes advising:

  • SocietyOne on its acquisition by non-bank lender MoneyMe
  • ioneer in relation to a strategic investment by Sibanye-Stillwater
  • Commonwealth Bank of Australia on the sale of trading solutions platform AUSIEX to Japanese bank Nomura
  • Aurizon in relation to its acquisition of ConPorts, an export terminal and ship loading facility at the Port of Newcastle
  • Infrastructure Capital Group in relation to the acquisition of 49.2% of the share capital in Australia and New Zealand's largest privately-owned bus group, Kinetic
  • Oxford Property Group on the corporate restructure and sell-down of the Investa Office Fund.

 

Background

David holds Bachelor of Laws (Hons) and a Bachelor of Economics from the University of New South Wales.

David is admitted as a solicitor of the Supreme Court of New South Wales and the High Court of Australia.