Ashurst advises Australian challenger bank on AU$100m capital raising

by Steve Randall04 Apr 2018

The goal of becoming Australia’s first challenger bank for SMEs has taken a step closer for Judo Capital, with help from a team from Ashurst.

Sydney-based partners Stuart Dullard and Jonathan Gordon led the team advising on Judo’s AU$100 million capital raising, including senior associates Andrew Kim and Ellen Zhang and lawyers Callum Newson-Brown, Lee-Anne Yeo and Jamie Bang.

As head of the firm’s global financial regulation, Gordon is advising Judo on its application for a banking license from the Australian Prudential Regulation Authority.

"We are thrilled to have acted for Judo on this important capital raising. We look forward to watching Judo go from strength to strength. We are confident that Judo will play an increasing role in the Australian SME lending market with its unique business model and high calibre management team," commented Dullard.

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