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:
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.
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 |
Paul Donnelly
Global Head of the Equity Capital Markets team