Hogan Lovells Advises Monitise on £49M Capital Raising
18 December 2014
18 December 2014 - Hogan Lovells has advised Monitise plc on a share issue of 8.2% of its existing share capital, raising £49.2 million from three strategic partners - Santander Group, TelefónicaGroup, and MasterCard Inc. The transaction was announced on 27 November 2014.
AIM listed Monitise is a leading global Mobile Money specialist. The investment proceeds will be used to support the development and accelerated rollout of its global platform and Mobile Money ecosystem. The strategic partners are also expanding their existing commercial collaborations with Monitise.
The Hogan Lovells team advising Monitise was led by London corporate partner Guy Potel and senior associate Richard Diffenthal, with US securities law advice provided by partner Peter Kohl.