Strata advised Whitfield Solar Limited on private placement

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