Equity Capital Markets

Equity Capital Markets

 

Overview

Macquarie Capital’s Equity Capital Markets (ECM) team is an experienced global group which specialises in capital management and raising equity and hybrid capital. Our clients benefit from our combination of structuring and advisory expertise along with the outstanding international distribution and research capabilities of Macquarie Securities.

Recent highlights for the team include:

  • No.1 in Australia for number of deals in 2009 (Bloomberg)
  • Leading the largest Hong Kong IPO each year since 2008, including the world’s largest ever IPO
  • Leading or participating in the majority of significant transactions across the resources sector in Canada.

With an established track record in Australia, Asia and Canada, Macquarie Capital also has a rapidly expanding presence in the United States, Europe and South Africa. Our global ECM team raised over $US38 billion for clients last year and provided innovative capital solutions in challenging markets, leading some of the world’s largest deals.

Contributing to this success has been the ability to draw on Macquarie’s balance sheet strength to provide underwriting support, as well as access to the extensive Australian retail network of Macquarie Private Wealth and the global distribution capabilities of Macquarie Securities.

 

 

Key transactions

Recent transactions around the globe include:

Year Description Transaction Value
2010 Joint sponsor, joint bookrunner and joint lead manager for the IPO of the Agricultural Bank of China, the world’s largest ever IPO $A19.2bn
2010 Joint bookrunner and joint lead manager for the Western Areas NL convertible bond issue, listed on the Singapore Exchange $A125m
2010 Joint bookrunner for broadwind energy Inc’s follow-on offering, the first offering ever by a US wind company $US99m
2010 Joint global coordinator, joint bookrunner and joint lead manager for the Chinese company Joyou AG’s IPO on the Frankfurt Stock Exchange €105m
2009 Joint global coordinator, joint bookrunner and joint underwriter for Rio Tinto Limited’s rights issue, the first rights issue for a dual listed company (UK and Australia), the largest ever rights issue in Australia $A15.2bn
2009 Co-lead manager for Lloyds' TSB Bank Plc’s rights issue, the largest rights issue in history £13.5bn
2009 Joint lead manager, joint bookrunner and joint underwriter for SP AusNet Limited’s rights issue, the first ever parallel rights issue in Singapore and Australia for an ASX/SGX dual listed security $A411m
2009 Sole lead manager and sole underwriter for the IPO of carsales.com Limited, an award winning transaction which was the first significant IPO on the ASX since the height of the global financial crisis in 2008 $A164m
2009 Joint structuring adviser and joint lead manager for Commonwealth Bank of Australia’s perpetual exchangeable resaleable listed securities (PERLS) V hybrid issue $A2.0bn
2009 Global coordinator, sole bookrunner and sole lead manager to OceanaGold Corporation’s global equity raising: a dual listed company in Australia and Canada for which Macquarie developed a dual-bookbuild structure to sell both ASX and TSX listed scrip $A80m
2009 Joint bookrunner and joint lead manager for China Minsheng Banking Corporation Limited's H share IPO, the largest Hong Kong IPO and the largest financial institution IPO globally in 2009 $US4.48bn