Centuria Capital set to launch capital raising News04 Oct 2017

Centuria Capital is set to launch a $60 million capital raising, as foreshadowed by Street Talk on Tuesday.

 

The deal has been structured as a 1-for-4.9 rights issue and priced at $1.28 a share, fund manager sources said.

 

Proceeds will be used for general corporate purposes, including further investment in the John McBain-led fund manager's other listed vehicles.

 

Moelis & Company and Shaw and Partners are running the deal.

 

Takeover target Propertylink last week flatly rejected a cash and scrip offer from Centuria Capital and Centuria Industrial REIT, which together control a 17 per cent stake.

 

Despite the rebuff, Centuria's chief executive John McBain is prepared for the long haul. "These things take time," McBain told The Australian Financial Review on September 26.

 

However, McBain has his work cut out for him.

 

As also revealed by this column, an international investor snapped up an 18 per cent stake in Propertylink on Tuesday night in a Citigroup-led after-market raid.

 

Read more: http://www.afr.com/street-talk/centuria-capital-set-to-launch-capital-raising-20171003-gytrx6#ixzz4ua35UI3c 

Follow us: @FinancialReview on Twitter | financialreview on Facebook

Related Articles
News09 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
News04 Jun 2025 Shaw and Partners strengthens surf sports partnership with shake up of 2025 Shaw and Partners Coolangatta Gold
After celebrating its 40th anniversary last summer, the Shaw and Partners Coolangatta Gold is set for a major shakeup in 2025.   Coolangatta Beach will once again host the Shaw a... Read More
News14 May 2025 THINK YOU KNOW GOLD? Shaw and Partners Gold Price Prediction Competition
THINK YOU KNOW GOLD? Here's your chance to win a Shaw and Partners hamper!  The Shaw and Partners Gold Price Prediction Competition is closing soon. Launched in the June Quarter ... Read More
News13 May 2025 Shaw and Partners continues to attract some of Australia’s most respected investment advisers.
Shaw and Partners Queensland State Manager Glen Gannon has welcomed Dwight Phillips, Tim Harbort and Craig Clark to the Brisbane office, a high-performing team with more than 50 ye... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%