Interfinancial introduced the Macquarie opportunity to Tolhurst and will be integrally involved in co-ordinating the alliance.

The key aspects are:-

• Tolhurst will place $8M of shares to Macquarie;
• Macquarie will buy existing shares to take its stake to 19.4%;
• A Macquarie executive will join Tolhurst’s board;
• Macquarie and Tolhurst will co-distribute small cap equity capital markets transactions;
• Small cap research and institutional coverage will be co-ordinated;
• A range of joint initiatives in wealth management;