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ABL acts for ASX-listed Happy Valley Nutrition on its NZ$20m capital raising

Capital Markets, Corporate and M&A
iStock 619659202 1
Arnold Bloch Leibler has acted for ASX-listed Happy Valley Nutrition Limited (ASX:HVM) on its successful NZ$20m capital raising, comprising a private placement of convertible notes to new and existing institutional and sophisticated investors and a senior debt facility.

Proceeds from the raising will be used to fund strategic land acquisitions and to further progress earthworks in relation to the state-of-the-art nutritional grade processing plant currently being developed by Happy Valley that will manufacture infant milk formula and specialty dairy ingredients at its strategically located site in Otorohanga, in the Waikato Region of New Zealand.

The transaction was led by ABL Corporate and M&A Partner Gavin Hammerschlag, with assistance from Law Graduate Yvonne Truong.

Gavin commented: “We are pleased to have advised Happy Valley on this important milestone and we look forward to working closely with the Happy Valley team as they continue to realise the company’s vision of becoming a leading business-to-business supplier of consumer ready Infant Milk Formula and other specialty nutritional products, derived from A2 and other milk types.”

About Arnold Bloch Leibler 

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.

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