David Tilley

David advises clients in a variety of corporate transactions and has experience in equity capital markets, public and private mergers and acquisitions, corporate restructures and general corporate advisory.

David’s recent ECM experience includes acting as:

• Issuer counsel, IPO equity securities – Judo Bank ($653 million), Best & Less Group ($100 million) and hipages Group ($100 million)
• Issuer counsel, IPO hybrid securities - Commonwealth Bank of Australia on its $1,750 million offer of PERLS XIV Capital Notes (and concurrent PERLS IX reinvestment offer)
• Issuer counsel, secondary raising equity securities:
  • Foreign counsel to NZX on its NZ$44 million fully underwritten pro-rata accelerated renounceable entitlement offer
  • Wisr on its $55 million fully underwritten institutional placement and non-underwritten share purchase plan
• Lead manager counsel, IPO hybrid securities:
  • Westpac Banking Corporation’s $1.5 billion Capital Notes 9 offer (and concurrent Capital Notes 2 reinvestment offer)
  • Australia and New Zealand Bank’s $1.28 billion Capital Notes 7 offer (and concurrent Capital Notes 2 reinvestment offer)
  • Australian Unity’s $105 million Mutual Capital Instruments offer (the first time that Mutual Capital Instruments were offered in Australia)
• Lead manager counsel, secondary raising equity securities:
  • Zip’s $149 million fully underwritten institutional placement
  • BWX’s $85 million fully underwritten institutional placement
  • Challenger’s $270 million fully underwritten institutional placement
  • Webjet’s $275 million fully underwritten institutional placement and partially underwritten accelerated pro-rata, non-renounceable entitlement offer.

David’s recent M&A and corporate restructuring experience includes advising:

• SocietyOne on its acquisition by non-bank lender MoneyMe
• ioneer in relation to a strategic investment by Sibanye-Stillwater
• Commonwealth Bank of Australia on the sale of trading solutions platform AUSIEX to Japanese bank Nomura
• Aurizon in relation to its acquisition of ConPorts, an export terminal and ship loading facility at the Port of Newcastle
• Infrastructure Capital Group in relation to the acquisition of 49.2% of the share capital in Australia and New Zealand's largest privately-owned bus group, Kinetic
• Oxford Property Group on the corporate restructure and sell-down of the Investa Office Fund.

Background

David holds Bachelor of Laws (Hons) and a Bachelor of Economics from the University of New South Wales.

David is admitted as a solicitor of the Supreme Court of New South Wales and the High Court of Australia.