Gowling WLG has advised fibre broadband provider Gigaclear on
the terms of a loan from the European Investment Bank (EIB).
The €25 million committed debt facility from the EIB is the
largest awarded to a British company. The investment will enable
Gigaclear to treble the size of its broadband network and bring
some of the fastest internet speeds to 40,000 properties across
Banking and Finance partner Chris Brierley, who led on the deal,
said that: "an estimated 1.5 million properties across Britain
could potentially benefit from Gigaclear services, so we're
thrilled to have helped Gigaclear reach this landmark stage in
their growth. We look forward to working with them as they continue
to transform lives and businesses in rural communities."
Chris was assisted by principal associate Navin Prabhaker. The
team used its extensive experience advising borrowers on EIB
financings in order to achieve the transaction of the loan, which
is the maximum available to companies under the 'InnovFin
– EU Finance for Innovators' MidCap Growth Finance
Simon Bullock, Chief Financial Officer at Gigaclear said of
Gowling WLG's role that: "delivering the best broadband in
the UK required the best corporate and legal support; Gowling WLG
continues to play a key role in delivering our strategy". He
then went on to praise the team's "in depth understanding
of our business and long term plans, as well as an understanding of
the EIB's approach, which was crucial to this transaction
Gowling WLG Equity Capital Markets partner Jeffrey Elway
continues to work with Gigaclear on other fundraisings, having
previously advised on investments from Prudential and Woodford.
The investment by EIB into Gigaclear is a landmark figure in
Gigalcear's expansion plans, enabling it to reach rural areas
previously out of its range.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The prospect of an internal investigation raises many thorny issues. This presentation will canvass some of the potential triggering events, and discuss how to structure an investigation, retain forensic assistance and manage the inevitable ethical issues that will arise.
From the boardroom to the shop floor, effective organizations recognize the value of having a diverse workplace. This presentation will explore effective strategies to promote diversity, defeat bias and encourage a broader community outlook.
Staying local but going global presents its challenges. Gowling WLG lawyers offer an international roundtable on doing business in the U.K., France, Germany, China and Russia. This three-hour session will videoconference in lawyers from around the world to discuss business and intellectual property hurdles.
Software license agreements generally require the customer to pay fees for the software license and related services, which fees are usually based upon the duration of the license and the manner in which the customer is allowed to use the software, together with applicable taxes and withholdings.
In less than nine months, on July 1, 2017, persons affected by a contravention of Canada's anti-spam legislation will be able to invoke a private right of action to sue for compensation and potentially substantial statutory damages.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).