Fladgate LLP has advised Satellite Solutions Worldwide Limited (SSW) and its management shareholders on its acquisition by Cleeve Capital plc (by way of a reverse takeover) and the admission of the combined group to trading on AIM under the name of Satellite Solutions Worldwide Group plc. At the same time, the company raised £2.3 million by means of a placing and had a market capitalisation of £13.9 million on admission.
SSW, operating principally through its Europasat brand, provides satellite-based broadband internet connectivity in the UK and throughout Europe. Its use of satellites enables it to provide fast, reliable broadband in rural areas and one-off and emergency situations where traditional wired broadband may not be available.
Fladgate’s team was led by corporate partner David Robinson and included corporate associates Jamie Hamilton and Victoria Miller and tax partners Hamilton Forrest and John Forde.