Skip to Main Content
Our Commitment to Diversity

K&L Gates Acts for Duratec on Western Australia's Largest IPO in 2020

03 December 2020

Perth – Global law firm K&L Gates has acted for Duratec Limited (ASX:DUR) on the company’s listing on the ASX and successful initial public offer (IPO), the largest in Western Australia in 2020.

Duratec is an Australian engineering and remediation services company that specializes in the protection and remediation of steel and concrete structures and employs 675 personnel operating in the defence, building, natural resources, and industrial and utilities industries.

The AU$52 million raised by the issue of 48 million new shares and the sale of over 57 million sale shares will provide Duratec with working capital to allow the company to fund its future project pipeline and pursue its growth strategy.

The K&L Gates team that advised Duratec was led by corporate and capital markets partner Adam Levine, senior associate Natasha Augustin and lawyers Ben Kiernan-Green and Cassandra Ferrier. To assist with the technical aspects of the transaction, this core team was supported by lawyers from the firm’s finance, labour, employment and workplace safety, and environmental practices.

Perth-based partner Levine commented: "We were delighted to be able to assist Duratec with its successful IPO and ASX listing. 

Bringing a national and trusted asset remediation and refurbishment specialist with a track record of success to the market in the midst of a global pandemic was an amazing experience. We congratulate Duratec and very much look forward to being part of their future growth and continued success.” 

Euroz Securities Limited acted as lead manager and underwriter of the IPO, with Ernst & Young Strategy and Transactions Limited acting as corporate advisers.

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

Return to top of page

Email Disclaimer

We welcome your email, but please understand that if you are not already a client of K&L Gates LLP, we cannot represent you until we confirm that doing so would not create a conflict of interest and is otherwise consistent with the policies of our firm. Accordingly, please do not include any confidential information until we verify that the firm is in a position to represent you and our engagement is confirmed in a letter. Prior to that time, there is no assurance that information you send us will be maintained as confidential. Thank you for your consideration.

Accept Cancel