2 July 2013
Allion Legal acted for Firstfolio Limited capital raising with Australian Capital Enterprise Pty Limited to raise approximately $50.2 million. Principals Jon Cane and David Walker acted for Firstfolio Limited on its binding transaction with Australian Capital Enterprise Pty Limited to raise approximately $50.2 million. The transaction includes ACE taking an Initial Placement to raise $4.5 million; Firstfolio conducting a renounceable Rights Issue fully underwritten by ACE to raise approximately $10.7 million; and ACE taking a Second Placement to raise $35.0 million