News and Views
| June 2021
Aqua Rugby Australia
Deutsch Miller is proud to be a partner and sponsor for Aqua Rugby Australia, a new sport and annual tournament/event kicking off in Manly, 5-6 November 2021, followed by a series format in other Australian states and Auckland, NZ in 2022.
The sport involves 5 a side rugby union with modified rules, played on a 30m x 30m floating pontoon, situated next to the Manly wharf. The pontoon will be surrounded by 6 super-yachts, a function at the Manly Pavillon, and general access to the public on the Manly foreshore. DM is sponsoring the “Oscar II” super yacht on Friday 5 November - please visit the ARA website for ticketing and social links.
Lumachain Raises US$19.5M in Series A Funding Led by Bessemer Venture Partners
Alistair Jaque (Partner) and Antony Bull (Senior Associate) represented one of the existing shareholders on its increased investment in Lumachain, an Australian AI platform for the global meat processing industry. Lumachain raised a total of US$19.5 million in Series A funding led by Bessemer Venture Partners and Main Sequence to support its expansion to the US and scale up its team to roll out the platform to customers globally.
BlackRock acquires Melbourne-based battery developer Akaysha Energy
Alistair Jaque (Partner) and Steven An (Associate) acted for the shareholders of Akaysha Energy, a Melbourne-based battery developer, on its acquisition by one of the world’s largest fund managers, BlackRock. The acquisition by BlackRock’s climate infrastructure business will result in a $1 billion investment in grid-scale batteries and a significant shift from coal to clean energy in Australia.
Lonsec acquires Implemented Portfolios Limited
Alistair Jaque, Simon Correggia and Orhai Shiba acted for the shareholders of Implemented Portfolios Limited, a specialist Managed Discretionary Account provider to high net wealth individuals, on the sale of the company to Lonsec Holdings Pty Ltd.