Fladgate has advised AIM listed Satellite Solutions Worldwide Group plc on the issue of £2 million of unsecured loan notes. The notes were subscribed for by Business Growth Fund. The net proceeds will be used to strengthen the company’s balance sheet and enable it to continue its organic and acquisitive growth strategy as it seeks to continue the consolidation of the satellite broadband industry across Europe.
Satellite Solutions offers a broad range of satellite broadband services with customers across 31 countries. With solutions targeting B2C and B2B users, and with products developed specifically for the broadcasting/SNG, Police and Military markets, the company’s brand Europasat (http://www.europasat.com) is a leading independent provider of satellite broadband internet services across Europe.
The Fladgate team was led by capital markets partner David Robinson, and assisted by corporate senior associate Jamie Hamilton.