Fox Williams LLP has advised Northland Capital Partners Limited (“Northland”) on the $25 million reverse takeover by Synchronica plc of Nokia Corporation’s operator branded messaging business, and a placing of shares and readmission to trading on AIM.
Northland is a full service investment bank providing corporate finance, nominated adviser and broker services to Synchronica plc.
Synchronica plc is a leader in emerging market next-generation mobile messaging services. The acquisition of Nokia’s messaging assets will provide Synchronica with a complementary mobile messaging business and a strong foothold in the strategically important North American market.
The Fox Williams team was led by Partner James Channo assisted by Associate Matthew Giddings.
James Channo commented on the transaction:
“We are very pleased to have worked with Northland to facilitate this significant acquisition on behalf of Synchronica. We look forward to continuing our relationship in the future and working on many more interesting transactions together”.
Shane Gallwey, Director of Northland, commented:
“We were delighted to have Fox Williams advising us. James Channo and Matthew Giddings brought detailed knowledge of managing a duel-listed transaction, which helped ensure the successful completion of this deal”.