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Hogan Lovells Advise on Sepura's Acquisition of Teltronic and Associated Capital Raise

6 May 2015

Hogan Lovells has advised Sepura plc, a leading global provider of critical communications solutions, on the agreement (conditional on shareholder approval) to acquire the entire issued share capital of Spanish company Teltronic, S.A.U.  for €127.5 million, the associated new debt facilities of €120 million, and a fully underwritten Firm Placing and Placing and Open Offer of new shares.

Based in Zaragoza, Spain, Teltronic provides complete wireless voice and data communications solutions, operating in over 50 countries serving customers based primarily in Latin America, North America and the EMEA region.

The transaction, which announced on 1 May 2015, constitutes a Class 1 transaction under the Listing Rules.

Corporate partner Peter Watts (who also co-heads global TMT) lead the team which includes partners Guy Potel, Jose Maria Balana and Gary Hamp together with David Harrison, Pedro Martinez, Erica Hughes and Ana Cid (senior associates) and Ben Coleman, Lara Menendez and Oliver Shafe (associates) as well as commercial, regulatory, anti-trust, employment, tax and intellectual property lawyers from offices in London, Madrid, Mexico City, Rio de Janeiro, Singapore and Washington DC.

Peter Watts said:

"We are delighted to be working with Sepura on this transaction which represents a significant step for the company. It again demonstrates how Hogan Lovells' ability to combine transactional and specialist legal and industry expertise across multiple geographies can help to deliver complex international deals."

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