Investment Opps

Independence Group has announced today an Institutional Placement and Share Purchase Plan (SPP) to raise up to $280m. The Equity raising is a fully underwritten placement of $250m to sophisticated, professional, and other institutional investors.

Virgin Australia Holdings Ltd has announced a fully underwritten $852m Pro-Rata Entitlement offer. The offer is at a price of 21cps to raise equity of approximately $852m. The Offer and recent placement to HNA Innovation will raise total proceeds of $1.011b of new equity capital. Funds will be used to strengthen the balance sheet and repay shareholder loan facilities and other debt facilities.

Vocus Communications is a provider of fibre, data centre, unified comms, and cloud services to corporate and government entities. Vocus merged with M2 Group to create the 4th largest telco in Australia and 3rd largest in NZ with brands Commander, Dodo, iPrimus, Slingshot, Orcon, and Call Plus.

Mayne Pharma announced approximately an $888m equity raising to fund the acquisition of 37 and 5 FDA filed products from Teva Pharmaceutical Industries Ltd and Allergan PLC. The Offer is 1 for 1.725 pro-rata accelerated non-renounceable entitlement offer to raise approximately $601m, and a placement to institutional and sophisticated investors to raise approximately $287m. The offer price is $1.28.

Superloop Ltd has announced today an accelerated one for seven pro rata non-renounceable entitlement offer of fully paid ordinary shares to raise approximately $35.3m. Approximately 10.7m new shares will be issued to Institutional and Sophisticated Investors on the 29th June at $2.10, and raising approximately $22.45m.