Advising Borderlink Broadband on raising an investment from funds controlled by Gresham House Plc

The transaction involved working hand in hand with the board of Borderlink as a trusted advisor to manage the investment process from start to finish, including the completion of pre-investment share capital restructuring and management of existing shareholder interests. Given our role as existing legal counsel on all current legal matters for Borderlink, we were well placed to handle the transaction.

Key highlights

• The investments have a combined potential value of up to £174.5m
• The transaction required Brodies to call on its full-service credentials, deploying support across practice areas, including banking, tax, management incentives and telecoms.
• Building on existing trusted advisor relationships across the firm.
• Working in close collaboration with Borderlink's  corporate finance advisors, Anthem Corporate Finance.

The support from the entire Brodies team during this process has been stellar. Alex Cacciamani, CEO

Outcome

The investments were successfully delivered to a tight timetable, allowing Borderlink to dramatically accelerate its plans for growth, including opening new offices and recruiting over 100 additional staff.