Advised TTP Communications plc on a $15 million private placement in respect of ip.access, a developer of femto GSM cells
2006
Transaction Summary
Advised TTP Communications plc (LSE: TTP) on a $15 million private placement in respect of ip.access, a developer of femto GSM cells.
Transaction Highlights
- ip.access Ltd, a subsidiary of leading Cambridge technology company TTP Communications plc (LSE: TTP), raised $15 million in a private placement transaction led by Scottish Equity Partners and including Intel Capital and Rothschild Gestion
- The process was driven by the need to provide sufficient funding to realise ip.access’ full potential in a competitive and rapidly evolving market place
- Strata Partners provided a committed, hands-on approach from inception through to completion: drafting and tailoring the business plan, preparation and revision of the financial model, approaching global equity investors, preparation of management presentations, co-ordinating the investor syndicate, structuring management incentives and managing the completion mechanics
Company Profile
- ip.access is the leading provider of GSM/WCDA in-building infrastructure solutions – pico cells and femto cells – using standard broadband IP networks for backhaul. The company’s solutions enable increased revenue capture opportunities for operators and improved service quality for customers
- ip.access, together with its parent company TTP Communications plc, was acquired by Motorola in June 2006