Skip to main content

Investor RelationsWealth Management:  CA  |  UK  |  AU

Menu
Think Childcare Limited
A$18m

Canaccord Genuity acts as Joint Lead Manager and Bookrunner to a AUD$18 million capital raise for Think Childcare

Canaccord Genuity is pleased to announce the completion of a capital raise of approximately 11.5 million new fully paid ordinary shares at an issue price of AUD$1.58 per share, raising gross proceeds of approximately AUD$18 million on behalf of Think Childcare Ltd. (“Think” or the “Company”) (ASX.TNK). Canaccord Genuity acted as Joint Lead Manager and Bookrunner for the transaction, which saw significant demand from new and existing shareholders.
The proceeds of the capital raise will be used to fund the acquisition of four new childcare centres, provide funding flexibility for the acquisition of a further six childcare centres, general corporate purposes, and to strengthen the Company’s balance sheet.
Think is an ASX listed childcare centre operator. Think owns, operates and manages 55 childcare centres across Australia for children between 6 months and 6 years of age. Think’s growth strategy is to acquire and integrate childcare centres identified on the basis of acquisition criteria and optimise the performance of the centres that it owns and manages.
The transaction team comprised Daniel Baohm, Alex Berezner and Nathan Leong. Significant support was provided by our sales team led by Alex Unsworth and William Morley.

 

Press Releases
Lead Transaction Banker

More like this

MWH Treatment
August 2021

MWH Treatment

Financial Advisor
View transaction detail
Canaccord Genuity G Ventures Corp
C$15m
July 2021

Canaccord Genuity G Ventures Corp

Underwriter (IPO)
View transaction detail
Bionic
June 2021

Bionic

Financial Advisor to Bionic on its Sale to Accenture Interactive
View transaction detail