Lander & Rogers advises ASX-listed Fluence on its successful capital raising

Sep 9

Written by: newseditor
Tuesday, December 04, 2018  RssIcon

Lander & Rogers has advised ASX-listed Fluence Corporation Limited on its successful raising of A$36.5 million via a share placement of ordinary shares to both international and domestic, institutional, sophisticated, and professional investors, and its share purchase plan offer to its shareholders in Australia and New Zealand.

Fluence, a water treatment company listed in Australia on the ASX but headquartered in New York, is experiencing rapid growth in demand for its innovative, cost-effective decentralised water, wastewater, and reuse solutions for business and communities worldwide.

Lander & Rogers corporate partner, Alex Ding, who led this deal said, "We were delighted to help Fluence Corporation achieve its objective of securing financial backing from highly regarded large anchor investors in the US, and to support them in implementing a share purchase plan for its shareholders in Australia and New Zealand — it is exciting to help an ASX-listed company with its rapid international growth".

Fluence was also advised by Canaccord Genuity (Australia) as Lead Manager and Bookrunner, Odeon Capital Group LLC on behalf of EAS Advisors LLC as Co-Manager, and Market Eye.

About Lander & Rogers

Lander & Rogers is a leading independent Australian law firm operating nationally from Melbourne, Sydney, and Brisbane. We are proud to be the trusted advisor to many publicly listed and private Australian and global companies, Australian subsidiaries of global companies as well as all levels of government.

We have nearly 500 people nationally, seven broad areas of practice, and we cover a diverse range of industry sectors, with a core focus on financial services, insurance, government, real estate, and retail and supply chain.

Our firm believes that legal services are much more than just the law — they are about great people, sustained excellence and exceptional client service. We have a reputation in the legal market as a provider of premium legal services and as a sought-after employer. We are renowned in Australia for our down-to-earth and collaborative workplace culture.

About Fluence Corporation

With more than 7,000 references across 70 countries, Fluence is committed to becoming the worldwide leader in decentralized water and wastewater treatment solutions. With a team of 300 highly trained water professionals and experience operating in 70 countries around the world, Fluence provides local, sustainable, treatment and reuse solutions while empowering businesses and communities to make the most of their water resources.

Fluence offers an integrated range of services across the complete water cycle, from early-stage evaluation, through design and delivery, to ongoing support and optimization of water-related assets. With core operations in North America, South America, the Middle East, and Europe, Fluence is now turning its sights to expanding into the vast Chinese and Australian market for wastewater treatment.

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