Shaw and Partners
Founded Year
1987Stage
Corporate Majority | AcquiredLatest Shaw and Partners News
May 23, 2022
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Australian BNPL firm Openpay raises $18.25 million 1 hour ago Source: Openpay Openpay Group Ltd (ASX: OPY) (Openpay / the Company) is pleased to announce the completion of a $18.25 million two-tranche Placement to accelerate its pathway to profitability in the ANZ business. Commenting on the Placement, ANZ CEO, Dion Appel said, “Openpay ANZ is accelerating its pathway toprofitability through sustainable growth, market-leading margins and business simplification. Australia is currently the engine room of the Company and we remain focused on delivering this plan. We appreciate the strong and continued support shown by existing shareholders, and new investors for the Placement and are pleased to welcome eligible shareholders to participate in the SPP on the same terms as the Placement to further accelerate our strategy.” Proceeds from the capital raise will be used to support Openpay’s ANZ strategy, including: * Acquisition of new merchants at scale in ANZ * Acquisition of new customers at scale and increasing customer retention in ANZ * Platform and technology enhancements * Working capital in a rapid growth business, and facility repayment Shaw and Partners Limited acted as Lead Manager to the Placement with Ad Astra Corporate Advisory acting as Financial Advisor and Clayton Utz acting as legal advisor. Related Companies
When was Shaw and Partners founded?
Shaw and Partners was founded in 1987.
Where is Shaw and Partners's headquarters?
Shaw and Partners's headquarters is located at Level 15, Sydney.
What is Shaw and Partners's latest funding round?
Shaw and Partners's latest funding round is Corporate Majority.
Who are the investors of Shaw and Partners?
Investors of Shaw and Partners include Barings BDC, Maranon Capital, The Riverside Company and Trinity Hunt Partners.
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