16/10/2019

Workplace management company Damstra Holdings Limited has completed its successful initial public offering and listing on the ASX, raising approximately $50 million at $0.90 per share.

Damstra is an Australian-based provider of workplace management solutions to multiple industry segments across the globe. At the IPO listing price, Damstra has a market capitalisation of approximately $125 million. 

The Gilbert + Tobin team was led by Corporate Advisory partners, Alex Kauye and Neil Pathak

Alex Kauye said “We are delighted to have assisted Damstra in taking this critical step in the company’s evolution. It is great to see such strong support for a founder-led business, and to see another technology company join the ASX boards.”

Alex and Neil were supported by Corporate Advisory lawyers Bridget Sutton, Ciara Coleman, Sarah McArthur, Rose Burnfield and Matt Scrocca.

Morgan Stanley were sole lead manager of the IPO.

Gilbert + Tobin’s market-leading Corporate Advisory team, which boasts some of Australia’s leading M&A and Private Equity lawyers, has advised on many of Australia’s largest and most innovative transactions, including recently advising Anheuser-Busch InBev on the $16 billion sale of Carlton & United Breweries to Asahi Group, DuluxGroup on its $4.2 billion acquisition by Nippon Paint, BGH Capital on its $2.3 billion acquisition of Navitas, KKR on its $2 billionacquisition of MYOB and Viva Energy on its $2.65 billion IPO.