Charles Russell Speechlys advises FPE Capital LLP on its investment into Optimity
Charles Russell Speechlys has acted as the legal adviser to FPE Capital LLP (FPE) on its investment into Optimity Limited (Optimity), the internet service provider which is pioneering fixed-wireless access as an alternative to fibre. FPE has invested alongside the existing management team and will inject a significant amount of fresh capital into the business.
Optimity supplies businesses with ultra-fast broadband and cloud services using a new technology that makes it faster and cheaper to connect to the internet compared to fibre leased line alternatives. FPE will be working hand-in-hand with the management team to maintain high revenue growth, whilst allowing Optimity to invest in accelerating the expansion of its fixed wireless network and managed services.
FPE will take a significant stake alongside the management team, who will be the remaining investors in the business following the transaction. John Trower, a senior experienced telecoms operator and advisor to Ofcom, will simultaneously be joining the business as non-executive chairman. David Barbour and Llewellyn John of FPE will also join the board of Optimity.
Commenting on the transaction, Adam Crossley, a Partner in the Private Equity team at Charles Russell Speechlys, said: “We are delighted to have worked with FPE, completing their first investment following the spin-out from Stonehage Fleming Family & Partners and it was a pleasure working with the team at Optimity on this transaction. This is the seventh transaction we have acted on for FPE and we look forward to continuing the strong relationship with them and working alongside the Optimity team going forward. ”
Llewellyn John of FPE said “We are very pleased to have completed our latest investment into Optimity and to be backing the team to continue the impressive growth they have achieved over the past few years servicing the technology centre of London. The team at Charles Russell Speechlys were a key participant in helping us achieve this goal, and they provided the high-quality, practical advice that we have come to expect over the past seven transactions we have completed together”
The Charles Russell Speechlys core team comprised Private Equity Partner Adam Crossley, Corporate Senior Associate, Richard Coleman and Corporate Associate, Lucy Scott. Members of our Corporate Tax, Commercial, Intellectual Property, Real Estate and Employment groups were also involved in the transaction.
For more information, please contact Adam Crossley, Partner on +44 (0)20 7427 6431 or firstname.lastname@example.org
Sponsor Licence Compliance: Key considerations & how to be audit ready
Join us for the third in our series of mini webinars on post Brexit immigration about sponsor licence compliance.
The Future of Property Careers
Join to our panel discussion and Q&A with industry leaders on the range of opportunities within the property and construction sector.
Data Protection: All roads lead back to the GDPR
Across the globe, jurisdictions continue to develop their data protection and privacy laws.
Q&A on adverse possession
A successful application for title by adverse possession will result in the squatter acquiring possessory title to land.
New tax on property developers - consultation paper published
The government published a consultation paper on the design of the new residential property developers tax.
Procuring modular housing: Is MMC becoming mainstream?
Is Modern Methods of Construction becoming mainstream? Read what it means for Development and Procurement here.
Dual class share structures: how do they work and what are the pros and cons?
Dual class share structures allow a shareholder, for example the founder, to retain voting control over a company.
Q&A: Talking the telecoms talk
Georgina Muskett and Jonathan Wills answer queries on Electronic Communications Code agreement.
Property Patter: Navigating the complexities of Pharmacy Property
Pharmacy property is a specialist area which contains many traps for the unwary.
COVID-19 Vaccination – can an employer make it compulsory for employees?
We review what legal issues to take into account when considering to make vaccination compulsory as an employer.
The Lawyer, New Law Journal, International Adviser, CDR Magazine and eprivateclient report on the firm's partner promotions
Charles Russell Speechlys promoted five lawyers to partner, effective 1 May 2021.
Music to our ears? Well, perhaps not for Apple.
A feud first began when the music streaming giant, Spotify, filed a complaint against music streaming provide rand competitor, Apple Inc.
Linking ESG and Executive Pay
How does a business go about embedding a focus on strong ESG performance into the structures and culture of its organisation?
National Security and Investment Act granted Royal Assent
The Act establishes a new regime for the review of mergers, acquisitions and other transactions that could threaten national security.
Charles Russell Speechlys advises Waverton on acquisition of Cornerstone Asset Management
Established in July 2010 and with offices in Edinburgh and Glasgow, Cornerstone offers wealth management and financial planning advice.
What do the new Debt Respite Scheme Regulations mean for Landlords and Tenants?
This will provide legal protection from creditors in the form of either a breathing space or a mental health crisis moratorium.
Charles Russell Speechlys promotes five to Partner
The promotions are effective 1 May 2021 and are accompanied by one Legal Director and 15 Senior Associate promotions.
Risk allocation in commercial leases: the High Court considers rent suspension, insurance and frustration arguments
Read our summary of the full judgement on the latest Covid arrears case.
Proposed Takeover Code Amendments – Key Changes
The Consultation Paper has now been followed by a corresponding response paper which made certain modifications to the initial proposals.
Competition and Markets Authority announces review of the EU vertical agreements block exemption
The UK Competition and Markets Authority is reviewing the future application of the EU vertical agreements block exemption in the UK.