MA Financial Group’s Corporate Advisory and Equities division, MA Moelis Australia, comprises a team of 56 across Sydney and Melbourne.
Our Corporate Advisory team provides strategic and financial advice for mergers and acquisitions, equity capital markets, debt capital markets, restructuring and recapitalisations.
Since 2009, the team has managed over $100 billion worth of transactions, including SABMiller's acquisition of Fosters, the spin-off of Woolworths' property business into SCA, and the restructure of Billabong and Channel 9. The team also led the recapitalisation and reconstruction of Slater and Gordon, and advised on the sale of the Ten Network to CBS.
Our Equities division offers specialist securities research, sales and trading execution services to both individual and institutional clients. Complementing our Corporate Advisory division, we provide expertise on equity capital markets and help facilitate client transactions, including raising capital for pre-IPOs, IPOs, follow-on issuances, block trades, share buy-backs, and underwriting dividend reinvestment plans.
Strategic Partner - Moelis & Company
NYSE-listed global investment back, Moelis & Company, has managed over $3.5 trillion worth of transactions across its 21 locations.
As global strategic alliance partner, we’re part of an international team; working together on cross-border transactions and strategic advice. It’s this network that provides us with deeper sector capabilities and allows us to bring the best of Moelis & Company to our clients.
Expertise - Corporate Advisory
We have significant financial advisory and capital markets experience in real estate and REITs, advising some of Australia’s largest real estate companies. In 2018, MA Financial Group was among the most active real estate advisory and equity capital market investment banks in Australia; ranked #4 in real estate M&A advisory, and #2 in real estate equity capital market activity.
Our Corporate Advisory & Equities division provides 30 listed real estate companies, 27 of which are REITS, complementing our Asset Management which oversees $2.2 billion in real estate.
Mergers and acquisitions
Partnering with our clients, we evaluate some of their most strategic and complex decisions. With a breadth of sector experience and technical capability spanning local and international markets, we collaborate with our strategic partner, Moelis & Company, to deliver mergers, acquisitions, divestitures, joint ventures, activisms and spin-offs. Notable transactions include:
- Varde, KKR and Deutsche Bank’s $8.2bn acquisition of GE Capital Australia & New Zealand Consumer Finance
- Hitachi’s $976m acquisition of Bradken
- Burra Food’s $300m sale to China Mengniu Dairy
- Archer Capital’s $110m sale of Browne Dairy
- Defence advisor to Grays eCommerce Group, in relation to its $179m acquisition of Eclipx Group Limited
- SABMiller’s $11.1bn acquisition of the Fosters Group.
Equity Capital Markets
MA Financial Group offers capital market solutions for clients looking to raise capital either via the listed or unlisted market. We provide access to a unique platform that places your objectives first, without interference from internal conflict or competing interests. Since inception, the firm has raised $11.5bn in equity capital markets and advised on more than $25bn worth of transactions.
Transactions of note include:
The simultaneous follow-on offer for VGI Partners Global Investments to raise $300m, and IPO of VGI Partners to raise $75m at a market capitalisation of $369m; the IPO of Redcape Hotel Group to raise $50m at a market capitalisation of $615m; the simultaneous follow-on offers for Centuria Metropolitan REIT to raise $276m and Centuria Capital Group to raise $100m; the IPO of MA Financial Group (formerly Moelis Australia) to raise $59m at a market capitalisation of $294m, and subsequent follow-on offer to raise $110m; the IPO of Updater Inc to raise $22m at a market capitalisation of $101m.
In IPOs, we provide guidance on preparation, advice on key decisions, and manage the syndicate banks. We have extensive experience with Australian companies and assisting international companies with listing on the ASX.
Notable IPOs include: FINEOS ($712m), Updater ($101m), and Redcape ($623m).
Our debt advisory engagements include syndicated debt, debt capital markets, and bespoke debt arrangements. We take pride in our enduring relationships with both bank lenders and non-bank lenders active in the Australian debt market.
Restructuring and recapitalisations
We offer highly tailored advice and solutions to our corporate and investor clients in all types of liability-driven capital structure situations and challenges. Debt reduction, covenant modifications, maturity extensions, liability management, distressed sales and corporate strategy are just a few of our services. Since formation, our team has advised on over $27bn in credit recapitalisation and restructuring, including a number of high-profile client transactions.
Previous engagements include:
The restructuring of Centro Properties Group worth $9.7bn; the acquisition and re-financing of Nine Entertainment by Oaktree Capital and Apollo for $3.4bn; the recapitalisation and refinancing of Reliance Rail worth $2.0bn; the TPG-led consortium on the re-structure of Alinta Energy for $1.5bn; the re-structure of Bis Industries worth $1.1bn; the merger and re-capitalisation of Orionstone, Emeco and Andy’s Earthmovers worth $663m.
Expertise - Equities
Sales and trading
Our Equities sales team executes buy and sell orders on behalf of our clients on both the ASX and Chi-X, and provides investment information and ideas to assist clients trade securities via the MA Financial Group platform. Highly experienced, the team is primarily focused on small-cap and mid-cap industrial and real estate companies.
The Equities Research team covers small-cap stocks and has the largest coverage of small-cap real estate companies (including REITs) in Australia. Our experienced analysts produce research reports on listed companies featuring expert financial analysis and opinions on underlying value and financial prospects, available to clients on our Research Portal.