Securing Investment for Gigaclear

Gigaclear provides award-winning ultrafast broadband services to rural villages, towns and business parks that have previously struggled to get high-speed broadband connectivity. The investment by the CFWoodford Equity Income Fund provided funding to allow Gigaclear to continue the growth of its capital-intensive fibre network.

Excellent legal support, a vital and flexible resource for fast growing technology businesses like Gigaclear.

Matthew Hare, CEO Gigaclear

This deal transformed Gigaclear from a business backed by a small number of private individuals to one backed by over 70 private and institutional investors but with that diversity at shareholder level came many legal challenges. The complexity arising from this required us to carefully co-ordinate the legal mechanics so as to complete the deal against tight time constraints. We also had to absorb the institutional requirements of the investor.

Getting this deal over the line required creative and open minded thinking, sometimes about the legal issues and sometimes about the commercial ones. We had to satisfy the other party’s lawyers of the legal integrity of the deal whilst achieving the commercial objectives of our client. We succeeded in getting the deal done in a way that satisfied the commercial ambitions of all the parties involved.

If you are facing the challenge of working with outside investors and/or are in a hurry to complete a deal, then call John Allen on +44 (0)345 201 3143 for an initial conversation or email john.allen@wablegal.com to see whether we can help.

“John Allen and the team at White & Black give us excellent legal support, a vital and flexible resource for fast growing technology businesses like Gigaclear.”

Matthew Hare, CEO Gigaclear