We acted for Scottish Enterprise (SE) in its £14.7 million investment in Spire Global Inc. - one of the largest packages of funding provided by SE to date

Spire Global, headquartered in San Francisco, operates one of the largest constellations of private nanosatellites and ground station networks in the world. Scotland is base to several businesses involved in the fast-growing space sector.

SE's investment assists Spire to move into larger premises in Glasgow with the aim of growing its Scottish-based employees to 320 over the coming years.

This £14.7m investment will help Spire Global develop its infrastructure and technologies, which in turn will create dozens of high-tech and highly skilled jobs and training opportunities in Scotland’s space sector….Spire Global’s expansion sends a strong message that even in these uncertain times, Scotland remains open for business and has the potential to be Europe’s leading space nation. First Minister, Nicola Sturgeon

Outcome

In conjunction with SE's advisors on US securities and CFIUS laws (engaged with our assistance through the TerraLex network) and using our knowledge of SE's investment requirements we advised on the terms of the investment documentation for SE and co-ordinated SE's participation in Spire's US funding round with Spire's counsel in San Francisco.

Contributor

Alasdair Dunn

Senior Associate

We acted for Scottish Enterprise (SE) in its £14.7 million investment in Spire Global Inc. - one of the largest packages of funding provided by SE to date

Spire Global, headquartered in San Francisco, operates one of the largest constellations of private nanosatellites and ground station networks in the world. Scotland is base to several businesses involved in the fast-growing space sector.

Outcome

Contributor

Discover our case studies

Advising DNB on Scots law aspects of landmark US$900 Vroon restructuring

Advising on the sale of Complete Energy Controls, Scotland's leading building management systems (BMS) and remote energy management provider, to learnd Limited.

Advising Robin Forsyth on his sale of FuseBox to ROBUS Lighting, a leading international LED lighting brand.

Acting for Katjes Greenfood on its acquisition of Genius Foods, the UK market leader in gluten-free ready-to-eat bakery products.

£83.7 million collaborative financing package for a new space engineering, manufacturing and operations hub at Prestwick, Scotland

Advising senior funders on the financing of the first public-private partnership for community nursing in the Republic of Ireland

Advising Scottish Equity Partners (SEP) in relation to its further investment in Icelandic travel technology company Dohop.

Advising the shareholders of Flag Communication Limited (Flag) on the sale of the entire issued share capital of Flag to a buyout vehicle backed by Vespa Capital

Provided market-leading advice to a major UK bank in connection with a secured multicurrency revolving credit loan, to one of the world's leading alternative asset fund management groups.

Acted as lead counsel to a UK telecommunications service provider as borrower under £165,000,000 secured and unsecured loan notes with an alternative asset management and investment firm.

Acted as Scots counsel to a manufacturer of microchips and other technology as borrower under a £50,000,000 facility agreement with a multinational banking & financial services corporation

Advising Meallmore Limited in relation to a group reorganisation of its HSBC facility and Santander facility

Key links

Useful links