Deals
Venture-backed US tech buys venture-backed UK tech
The HLaw M&A team were referred in to a later stage US tech-corporate (itself backed by various household name investors) looking to acquire a UK tech venture in a complementary space and with it to gain a foothold in Europe.
The UK target had various well known UK and US investors on the cap table and various deal structures were explored (including an asset deal) before deciding on an all cash share deal alongside a release of existing security and repayment of the senior debt.
As is often the case, everything had to be done on an accelerated timeline and HLaw had to get up to speed and get the deal across the line quick smart.
Humphreys Law
Deal/project: Acquisition
Date closed: March 2022
Space: UAVs
Other lawyers and advisors: Confidential
Confidential
Deal Value
