News

04/10/17

G+T advises Syrah Resources on successful $110 million capital raising

Gilbert + Tobin is pleased to have advised Syrah Resources on a fully underwritten $110 million capital raising as the company ramps up production from its Balama, Mozambique graphite mine and advances plans for a downstream battery anode plant in Louisiana.

The G+T team on the capital raising was led by co-head of M&A/Corporate Advisory Neil Pathak and Partner Alex Kauye with support from Lawyers Luca Ciotto and Sarah McArthur. The capital raising was fully underwritten by Credit Suisse and UBS. Neil and Alex also led the G+T team on Syrah’s capital raisings in 2016 and 2015 (with over $500 million in shares being issued over the 3 transactions).

“We’re delighted to have worked with Syrah Resources, assisting the company to capitalise on growth opportunities and realise its ambition as the leading global producer of high purity graphite,” Neil Pathak said. 

Gilbert + Tobin has been a lead legal advisor to the company for a number of years, with Banking and Infrastructure Partner Alexander Danne acting as overall relationship partner and providing and co-ordinating support on a range of domestic and international matters across the business including consideration of debt funding, project agreements and offtake agreements. Partner Michael Blakiston, who leads the firm’s Resources practice, has assisted Syrah with its mining agreement with the Mozambique government and Senior Counsel Penny Swain has assisted with the mine construction agreement.

The firm’s deep relationship with Syrah Resources is a testament to its diverse expertise in a range of matters and disciplines.

“We are pleased to continue to be an integral partner to the Syrah Resources team, working closely together to help it capitalise on its investment in Mozambique over the past six years. Our expertise in complex cross-border projects and funding structures, as well as our strategic and commercial approach is key to supporting our clients’ business success”, said Alexander Danne.

Gilbert + Tobin’s M&A/Corporate Advisory team is consistently ranked at the top of the M&A and ECM league tables. Gilbert + Tobin is 1 of only 3 firms, and the only independent Australian firm, to be ranked band 1 in M&A, ECM, private equity, acquisition finance and competition/regulatory for Australia by Chambers Global 2017. Gilbert + Tobin’s Banking + Infrastructure team has been awarded an Advisory Excellence Award by Infrastructure Partnerships Australia. The firm also won a number of awards at the 2017 Australasian Law Firm Awards including Australian Deal of the Year, M&A Deal of the Year, Insolvency & Restructuring Deal of the Year, Equity Markets Deal of the Year and International Deal of the Year. Gilbert + Tobin is the only law firm to be named Law Firm of the Year at the Lawyers Weekly Law Awards for two consecutive years in 2016 and 2017. 

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