Herbert Smith Freehills has been recognised as the pre-eminent venture capital law firm in Australia and a leading firm in the Asia Pacific in Preqin’s recently released league tables Top of the League in Asia-Pacific: Service Providers and Private Capital.
The firm ranked:
- 4th by deal count for Venture Capital Deals in Asia-Pacific ,
- 1st by deal count for Private Equity-Backed Buyout Deals in Asia-Pacific
Herbert Smith Freehills was the only law firm in Australia to be recognised as a leading firm in Venture Capital transactions. Peter Dunne, Herbert Smith Freehills’ Head of Venture Capital, said, “The rankings reflect the firm’s depth and experience in venture capital transactions and the strength of our Venture Capital team. We are seeing a weight of capital in the region moving to emerging and early stage businesses, particularly in relation to technology assets, and increasing interest from private equity firms and corporates in venture and non-control investments. Activity has continued despite the uncertainty of 2020, reflecting the market’s continued appetite.”
Herbert Smith Freehills consultant Elizabeth Henderson added, “I’d like to thank our clients for allowing us to work alongside them. We are grateful to continue working to advise clients on market-leading work in venture capital across the investment cycle from early round raisings to liquidity transactions.”
Herbert Smith Freehills has advised on numerous venture capital transactions in 2019 and 2020, including:
- SafetyCulture on its A$60.5 million Series C1 capital raise and secondary sale;
- Culture Amp on its A$120 million Series E capital raise;
- the investment in GreenCollar by KKR, the first in Australia for its US$1.3 billion Global Impact Fund;
- Kasada on its A$15 million Series B capital raise;
- the A$105 million proposed merger between thedockyard and Ansarada; and
- capital raises for Verteva (Nano Home Loans), Sonder, Gilmour Space, Nura, Roborigger, Reejig, Elenium Automation, Campaign Monitor, Tyro Payments, Different, Shore Trade, Buckitdream and others.