Gilbert + Tobin has advised WA-based GenusPlus Group, on its successful $32.8 million initial public offering and ASX listing, giving the company a market capitalisation on listing of approximately $149 million.

GenusPlus Group provides end-to-end power solutions and telecommunications infrastructure throughout Australia. Founder and Managing Director David Riches (a third-generation electrical contractor) set up the business in 2009, which has grown to become of one of the leading providers of power and telecommunications infrastructure services to mining, public utilities and private utilities across Australia.

The deal was jointly led by Corporate Advisory partners Michael Blakiston and Julie Athanasoff and they were supported by senior associates Matthew Watkins and Sarah Gaffney-Smith and lawyers Janelle Sputore and Gabrielle Sumich.

It was a pleasure working with the GenusPlus team on what is a genuine WA success story. We look forward to seeing the company continue to grow and thrive as an ASX listed company.

The IPO showcases G+T’s extensive equity capital markets experience. It caps off a flurry of IPO activity in 2020, which has seen G+T recently advise the issuers on the IPOs of Cashrewards, Adore Beauty, Universal Store, WA Kaolin, CleanSpace and Doctor Care Anywhere. In addition, G+T advised the joint lead managers on the IPOs of HomeCo Daily Needs REIT and MyDeal.com.