Hamilton Locke is delighted to have acted for Partners for Growth (PFG), a Silicon Valley-based venture debt and growth finance fund on its senior secured and multi-tranche facility and warrant investment into ASX listed Damstra, a global leader in enterprise protection software.
The facility has enabled Damstra to replace its existing debt facilities and give it the headroom needed to support Damstra’s growth ambitions globally.
The investment marks another successful domestic transaction for PFG and another promising partnership with a locally-based high-growth technology company. This transaction also represents the continuing strength and flexibility of venture debt and growth capital solutions in Australia and globally.
Commenting on the transaction, Zina Edwards said: “We are once again delighted to have assisted Partners for Growth with their investment into Damstra. The transaction ran to a very tight timeline and involved counsel in several foreign jurisdictions but all parties worked collaboratively together to achieve a successful financial close pre 30 June. We are excited to follow Damstra’s growth journey”.
The Hamilton Locke team was led by partner Zina Edwards, senior associate Monty Loughlin and lawyer Mai Dang, with partner Guy Sanderson and senior associate Joshua Bell advising on warrant structuring and ASX issues.
For more information please contact Zina Edwards.
