News - Page 4 of 23 - SLM Corporate

28 Aug

SLM Corporate acts as Corporate Adviser to ASX-listed toy and family lifestyle goods distributor Funtastic Limited in relation to a $8.2 million capital raising.

SLM Corporate is pleased to announce that it has acted as Corporate Adviser to ASX-listed toy and family lifestyle goods distributor Funtastic Limited in relation to a $8.2 million capital raising.

The capital raising was conducted as a partially underwritten pro-rata renounceable entitlement offer, and in conjunction with a restructuring of the company’s debt facilities, will return the company to a more sustainable and stable financial position and provide it with the balance sheet capacity and flexibility to pursue new growth opportunities.

SLM’s role as Corporate Adviser encompassed provision of transaction structuring and pricing advice through to preparation of ASX presentation and disclosure materials and overall project co-ordination.

For further information, please contact SLM Director Eugene Tong

03 Jul

SLM advises YUM! Brands and its Australian subsidiary KFC on a significant store divestment program in Australia

SLM is pleased to have advised YUM! Brands and its Australian subsidiary KFC on the divestment of a significant number of company owned stores in Australia to a range of existing franchisees.  This project was part of a global store divestment initiative for YUM!

Collins Food Group was a major buyer, acquiring 28 of these stores for $110 million.

For further information please contact SLM Managing Director Barry Lewin.

15 Jun

Majority of Spicers security holders (98%) vote in favor of the capital restructure

Spicers (ASX:SRS) security holders vote to approve the Proposal to unify and simplify the capital structure, with overwhelming majorities (98% of ordinary shareholders and 99% of SPS unitholders)

SLM is pleased to advise that it has acted as Corporate Adviser to Spicers Limited in relation to a Proposal to simplify Spicers capital structure.  Under the Proposal, Spicers will acquire SPS Units that it does not already own, in exchange for the issue of Spicers ordinary shares as consideration.  This Proposal resolves a long-standing intractable problem of finding an acceptable resolution, which has stood in the way of the unification and simplification of the Spicers capital structure.

At general meetings held by SPS unitholders and ordinary shareholders on 15 June 2017, both sets of holders approved the Proposal with overwhelming majorities (98% of ordinary shareholders and 99% of SPS unitholders).  These approvals represent a critical milestone towards the successful implementation of the proposed Trust Scheme, which is expected to occur in late June following a customary second court hearing and suspension of ASX trading of SPS units.

Prior to SLM’s engagement, there had been several years of protracted negotiations between Spicers and SPS unitholders and several unsuccessful attempts by both parties to agree on and pursue a re-organisation of Spicers’ capital structure.  SLM was appointed by Spicers in late October 2015 to assist in devising, negotiating and implementing a mutually acceptable transaction that would finally deliver a resolution to this issue.  This has culminated in the current Trust Scheme.

28 May

SLM Corporate welcomes Shakeel Mohammed to the team, strengthening our growing valuation practice

In Announcements,General News,Team by SLM / May 28, 2017 / 0 Comments

We are very pleased to welcome Shakeel Mohammed to SLM Corporate, in the role of Manager.  In his previous role, Shakeel spent 9 years with Grant Samuel Associates, where he worked extensively with a broad range of ASX listed and unlisted companies on corporate (M&A) transactions and Independent Expert Reports.

SLM has seen a significant pick up in activity in our valuation practice, and Shakeel will bring valuable additional skills and experience to these activities.

We routinely value listed and private businesses for a range of purposes, executive and director share options and performance rights, and we have undertaken Independent Expert Reports in a variety of transactions.  Our experience covers an array of sectors.

For further information, please contact SLM Managing Director, Barry Lewin on 03 9244 9644 (office) or 041 9302493 (mobile).

 

 

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