
Advised Whitfield Solar Limited on a £2.7 million private placement
2009

Transaction Summary
Strata advised Whitfield Solar Limited, a UK-based developer of photovoltaic solar concentrators, on a £2.7 million private placement.
- Solar Photovoltaic Concentrator Company spun out of Reading University
- Pre-revenue
- Strong technology heritage
- ‘Fab-less’ manufacturing model
- Strata hired to act as Whitfield’s exclusive financial advisor to
- Advise the company on fundraising matters (e.g. appropriate milestones in relationship to funds sought)
- Prosecute the company’s fundraising strategy – market the company to new investors globally
- Manage an existing complex shareholder base
- Provide support to the management team
- Key Strata Expertise
- Local, recent knowledge of the fundraising landscape
- Deep understanding of ‘turn-ons’ and ‘turn-offs’ for investors
- Solid appreciation of the challenges of manufacturing roll-out
- £2.7 million placement successfully completed November 2009
- Bulk of this round came from a new lead investor (undisclosed identity)
- Balance from existing investors