Australia: CU advises Spookfish Ltd on license, royalty and equity investment by Vista Equity via EagleView Technologies
Last Updated: 20 May 2016

Perth, 17 May 2016: Clayton Utz is advising ASX listed geospatial imagery products and services company Spookfish Ltd (ASX: SFI) in respect of its entry into license, royalty and equity investment agreements with EagleView Technologies Inc, a North American market leading provider of aerial imagery, data analytics and GIS solutions, announced today.

EagleView is a portfolio company of Vista Equity Partners, a leading private equity firm with US$20 billion in capital commitments and a focus on investing in software and technology-enabled businesses.

Under the agreements, Spookfish will provide EagleView with an exclusive long-term licence to operate Spookfish Capture Platform technologies and sell output products in North America. Spookfish will receive a long term royalty consisting of a fee per square mile captured and a share of revenues generated from Spookfish Capture Systems.

EagleView will invest A$6m via unsecured, interest free convertible notes which convert into a 10% interest in Spookfish, and receive options to acquire an interest of up to 9.9% of Spookfish upon satisfaction of revenue milestones. The issue of options is subject to any necessary Spookfish shareholder approvals.

Clayton Utz Perth corporate partner Mark Paganin and senior associate Stephen Neale are leading the firm's team with support from special counsel David Benson, senior associate Annie Atkins and lawyer Thomas Parker.

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.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
By Eugene Tan
By Andrew Sommer, Cameron Forbes, Kelvin Ng
Tools
Print
Font Size:
Translation
Channels