Schulte Roth & Zabel advised White Hat Capital Partners ("White Hat"), an investment firm focused on value-oriented investments in publicly traded technology companies to improve strategy and capital allocation, increase operational efficiencies and strengthen governance, in a $50 million investment in Luna Innovations Incorporated ("Luna"), a global leader in advanced fiber-optic-based technology.
Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, a UK-based provider of fiber-optic systems and solutions.Luna plans to apply the proceeds of this investment across a range of initiatives to accelerate growth and increase profitability.
The Schulte team was led by partners Ele Klein, co-chair of the firm's M&A and Securities Group, David Curtiss (M&A and Securities) and Joseph Reich (Tax) with special counsel Clara Zylberg (M&A and Securities); associates Evan Berger (M&A and Securities), Rachel DiSciullo (M&A and Securities), Hannah Hollingsworth (Tax) and Nikki Nikova (M&A and Securities).
Read the press release here.