The capital raising proceeds will be used to reset and strengthen RFG’s balance sheet and to enable RFG to pursue core business and inorganic growth opportunities in the future.
Corporate and M&A partner Jeremy Lanzer is advising on the equity raising alongside senior associate Michelle Ainsworth, lawyer Mahsa Taiebi and law graduate Ramon Callis. Banking & Finance partner Genevieve Sexton, lawyer Xavier Nicolo and law graduate Andrew Younan are acting for RFG in relation to the debt refinancing.
Commenting on the capital raising, Jeremy Lanzer said: "We are pleased to be advising RFG on this important transaction to support the next stage of the company's growth."
As noted in the ASX announcement released on 3 March 2023, RFG Executive Chairman, Peter George, said: “We are pleased to welcome a number of respected institutional investors amongst new shareholders to the register, and extend thanks to those existing shareholders who have endorsed the Company’s strategic growth platforms and initiatives by increasing their shareholding via the Placement.”
Retail Food Group is Australia’s largest multi-brand retail food franchise manager, and is the owner of iconic branding including Gloria Jean’s, Donut King, Brumby’s Bakery and Crust Gourmet Pizza.
