Advanced Innergy Holdings (ASX:AIH) completes A$150m IPO and ASX listing
Henslow acted as Corporate Advisor and Joint Lead Manager to Advanced Innergy Holdings (ASX:AIH) on its A$150m Initial Public Offering (IPO) and listing on the Australian Securities Exchange (ASX).
The offer comprised a A$90m primary capital raise and a A$60m selldown by existing shareholders, implying a market capitalisation of approximately A$422m at listing. Funds will support the company’s future M&A strategy and organic growth initiatives, while facilitating a partial selldown by long-term shareholders.
Advanced Innergy Holdings is a global leader in materials science technology for the protection of critical infrastructure. It develops, manufactures and installs high performance solutions used in hazardous and highly regulated environments. Its products are trusted across mission critical energy, emerging technology, defence, transport, marine and industrial applications. AIH holds 181 granted and pending patents and more than 93 active type approvals globally. The Group operates across 13 countries and employs approximately 800 staff.
The IPO was strongly supported by more than 30 new institutional investors, reflecting confidence in AIH’s market position and global growth strategy.
The team was led by Chris Tait (Managing Director) and Stephen Macaw (Managing Director, with support from George Fry (Associate Director) and William Lovelock (Associate Director).
This IPO marks the first capital raise Henslow has conducted for AIH. We are proud to have advised the business on this significant milestone and look forward to continuing to support the company as it delivers on its growth strategy across the APAC region and globally.
The transaction highlights Henslow’s cross border advisory expertise and track record of guiding global companies to successfully access Australian capital markets. It demonstrates our ability in delivering complex, multi-jurisdictional transactions and positioning international businesses for long-term growth through public listing.
It also highlights the strength and depth of the Australian IPO market, with the ASX continuing to attract high quality international growth companies seeking access to sophisticated institutional investors and long-term capital to accelerate expansion.
Deal team: Chris Tait, Stephen Macaw, George Fry and William Lovelock
