12 June 2020
The past few months have obviously challenged most businesses.
Professional services firms – such as ours – have not been immune from a reduction in deal flow and turnover.
Nevertheless, it would be remiss of us not to celebrate and commend our team on what has otherwise been an outstanding year for the firm, with highlights that demonstrate how far we have come in less than 6 years to be one of the go to firms for entrepreneurial clients.
Among the many highlights over the last 12 months, we have helped:
Amaero International Limited (ASX: 3DA) on its IPO and listing on the ASX (after completing an oversubscribed offer of shares raising $8M);
Founders First Limited (ASX: FFL) (the first and only alcoholic beverage accelerator in Australia) on its IPO and listing on the ASX (raising ~$15.8M) after having assisted the Company in mid to late 2019 on its:
pre-IPO capital raises netting over $21M; and
acquisitions and substantial investments into 9 breweries and distilleries located around Australia.
Practice Ignition on its AUD$26M Series D capital raise (one of the larger capital raises for a local start-up business, led by NY-based Tiger Global Management);
Splitit Payments Ltd (ASX: SPT) on its AUD$16M placement in May 2020, after assisting with a AUD$30.3M raise in May 2019;
BetMakers Technology Group Ltd (ASX: BET) on placement raising AUD$2.76M;
Red Piranha Limited on its $2.5M capital raising in November 2019;
Factor Holdings Limited (Taiwan) flip-up restructure to an Australian company, Factor Bikes Pty Ltd and subsequent $2M convertible note investment round;
Active Utilities on the sale of 25 per cent stake in its business to Macquarie Bank;
Drawboard on its $9M capital raise for US expansion (completed in the midst of the COVID-19 crisis);
Sky High Ventures on its 100% acquisition of the Boss Australia business;
the selling shareholders in Network2Share on their $5M sale to ASX listed, Rhipe;
York Butter Factory co-working space on its expansion into the Sydney market; and
various other seed capital raises for start-up clients based throughout Australia and others we can't talk about publicly.
We have also continued to champion entrepreneurship and innovation within and outside of the profession. For that reason, we continue to support Start Up Victoria as an industry partner, contributor to events and member communications, and by providing complimentary legal services to the winner of pitch-night contests, and pro-bono legal support to the board of the organisation.
Another highlight during the last 12 months was co-sponsoring, together with Pitcher Partners, the LAUNCH Festival (which is the largest startup event in the world), held in Sydney. The event attracted founders, angel investors, VC funds and other industry stakeholders to engage in meaningful debate and discussion about the future of angel investing, hosted by the inimitable Jason Calacanis.
We are appreciative of all of our clients. Thank you for your continuing support.
We could not be prouder of our team. We are a firm that punches above its weight only because of the calibre of the people that we have.
We look forward to what the future holds and the new opportunities that it brings. Onwards and upwards!
For further information, contact:
John Coghlan | Director
T: +61 3 9614 2444
E: jcoghlan@cdandco.com.au
Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne, serving clients from ‘idea to IPO’.
The firm is proud to provide legal strategies and solutions to an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.
A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au