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BBY Corporate Finance |
BBY is focused on providing solutions to our client's corporate finance problems. We specialise in delivering strategic advice to emerging and growing companies across a broad range of industries.
| Client |
Problem |
Solution |
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A
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Our client encountered a short term working capital crisis.
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BBY provided a specifically tailored bridging facility to ensure the continued operation of the company.
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B
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Our client required mezzanine funding to aggregate a set of assets within a specialised asset class.
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BBY established a mezzanine facility to secure the targeted assets prior to underwriting an IPO on the ASX.
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C
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Our client thought that the most appropriate strategy was to list on multiple equities exchanges through which to attract international investors.
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BBY assessed the client's operations, its potential investors and the comparable companies on four exchanges prior to advising the company on the most appropriate outcome.
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D
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Our client required strategic merger and acquisition execution advice approaching a target company.
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BBY provided advice from the commencement of the transaction and continues to provide ongoing service to the client to maximise the outcome of the acquisition.
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BBY's highly professional team has extensive experience in solving multiple problems for its corporate clients. For example, in the following case study, BBY not only IPO'd the client, but solved numerous capital raising issues, delivered M&A outcomes, strengthened the share register and assisted shareholder communications for ASX listed clean coal company Linc Energy.
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Linc Energy (ASX:LNC) Case Study
In late 2005, Linc Energy was introduced to BBY via another corporate client. LNC had a strong vision and clearly articulated business plan for developing its Underground Coal Gasification (UCG) and Gas to Liquids (GTL) technologies. The company required funds to implement its aggressive growth plans and corporate advice on the structure of its programs.
After numerous global marketing roadshows and the completion of the company's IPO process, LNC listed on the ASX in May 2006, raising AUD$22m. BBY was able to introduce LNC to a client list of targeted, supportive institutional and high net worth investors that were aligned with LNC's ambitious plans.
Since that time, LNC has been one of the stellar performers on the ASX, including being the best performing stock on the ASX in 2008.
Also In 2008, BBY won the prestigious Corporate Deal of the Year for the October 2007 $29.23m LNC placement at AUD$0.76. Just prior to the award in July 2008, the stock traded at AUD$4.63 giving LNC shareholders who participated in the placement a 509% increase in value.
In September 2008, LNC was included in the S&P/ASX 200 Index and also hit AUD$2 billion market capitalisation, an extraordinary achievement for a company that listed with an ~AUD$80m million market capitalisation, less than two and half years earlier.
On the M&A front, BBY was Corporate Adviser to the company in the successful acquisition by Scheme of Arrangement of Sapex Limited in October 2008.
BBY has raised over AUD$270m for LNC in six capital raisings, including as recently as the August 2009 AUD$57.4m placement and the current $20m Underwritten SPP, where BBY introduced a completely new selection of very large, high quality domestic and offshore investors to the LNC register.
BBY and LNC have developed a powerful partnership over the last four years. BBY congratulates Linc Energy and its visionary Managing Director Peter Bond on the success to date and looks forward to assisting with the company's exciting future.
Rather than simply focusing on the next transaction, BBY seeks to grow over the longer term with its key clients, intimately understanding their businesses and strategic objectives and pro-actively becoming a key stakeholder.
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BBY's team brings trusted relationships and specialist knowledge to all client services, such as:
| - Placements |
- Sell-downs/block trades |
| - Mergers and acquisitions |
- Convertible notes |
| - IPOs |
- Pre-IPO / private equity |
| - Rights Issues |
- Corporate advisory |
| - Buy-backs |
- Off-take management |
Expert advice is offered in our sectoral strengths which include:
| - Banking and Finance |
- Industrials |
| - Healthcare & Life Sciences |
- Resources
(including energy & cleantech) |
| - Property |
- Telecommunications, Media and Technology
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The BBY corporate finance team utilises the sectoral and regional strenghts of its partners; Jefferies and CIMB-GK. By accessing their broad knowledge base and client network, BBY's clients are exposed to a global platform which maximises outcomes and facilitates the achievement of strategic and financial goals.