M&A Advisory
K&L Gates
Full Credential Description
Elsight, a carrier-agnostic connectivity solutions provider, faced the challenge of securing substantial funding to enhance its operational capabilities and growth potential. To address this, K&L Gates facilitated a successful AU$60 million capital raise, which attracted strong support from both existing and new shareholders, including several institutional investors from Australia and globally. The capital raise involved a single-tranche placement of approximately 35.3 million new fully paid ordinary shares at AU$1.70 per share, equating to nearly 19.4% of Elsight’s current shares. This strategic financial maneuver positioned Elsight to significantly invest in dedicated sales and marketing teams, pursue both organic and inorganic growth opportunities, and advance new product development initiatives. The successful completion of this capital raise not only provided Elsight with the necessary funds to accelerate its growth but also enabled the company to capitalize on immediate opportunities for product innovation and strategic acquisitions, thereby enhancing its competitive edge in the connectivity solutions market.
Measurable Results
Successfully completed $60M transaction