Shaw and Partners appointed Joint Lead Manager and Underwriter to $55.6m IVE capital raising News28 Aug 2017

Shaw and Partners has been appointed Joint Lead Manager and Underwriter (alongside Bell Potter) to the $55.6m accelerated, non-renounceable underwritten rights issue for IVE Group Ltd (ASX:IGL).


The rights issue offers investors a 1 for 4.4 fully underwritten accelerated, non-renounceable pro rata entitlement offer at an offer price of A$2.05 on a cum dividend basis (final dividend of 6.4 cents in FY17). This translates into a 5.5% discount to the last close price of $2.17 on Friday, 25 August 2017 and a 4.5% discount to TERP of A$2.147 as at Friday, 25 August 2017.


IVE is a vertically integrated marketing services and print communications provider. IVE enables its customers to communicate more effectively with their customers by creating, managing, producing and distributing content across multiple levels.


The net proceeds of the Entitlement Offer will be used as follows:

  • A$19.6 million to partly fund the acquisition of SEMA (assuming it reaches its full earn-out) including integration and capex;
  • A$22.0 million for an additional Large Format Web Offset (LFWO) printing press in Sydney;
  • A$2.8 million of associated capital raising and transaction costs; and
  • A$11.2 million of growth capital, with capacity to fund a strong pipeline of value accretive bolt-on acquisitions.


The marketing services and print communications industry is dynamic and constantly evolving. IVE’s response to this evolution has been to maintain relevance with its customers through ongoing investment and expansion of its product & service offering and through an effective combination of both organic growth initiatives and strategic acquisitions.


The offer is anticipated to be well supported by retail and institutional investors alike. For more information, visit or call 1800 636 625.

Related Articles
News18 Sep 2017 Shaw and Partners growth sees move to prestigious Westpac House
Shaw and Partners has cemented its next step towards significant growth in Adelaide by signing a five-year lease for space in one of Adelaide’s premier commercial office spaces, We... Read More
News15 Sep 2017 Surf's up! Shaw and Partners renews its sponsorship of the North Bondi Surf Life Saving Club
Shaw and Partners Management and Sponsorship teams, today attended the annual North Bondi Surf Life Saving Club (NBSLSC) sponsors lunch, alongside other sponsors including Coca-Col... Read More
News12 Sep 2017 Shaw and Partners launches Portfolio Strategy Solutions
Shaw and Partners today launched a complete portfolio management framework for advisers and clients, with the addition of eight new portfolio strategies to its successful Separatel... Read More
News04 Aug 2017 Shaw and Partners appointed Co-Manager to the MCP Master Income Trust IPO
Shaw and Partners is pleased to be appointed Co-Manager to the Metrics Credit Partners MCP Master Income Trust IPO.   MCP Master Income Trust (Trust) is seeking to raise up to $5... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%