Xplorer Capital Growth I, LLC’s Recommended Cash Offer For CloudCall Group plc

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Xplorer Capital with a team including Lisa Wright (Competition Law), Phil Linnard (Employment), Richard Smith (Picture – Equity Capital Markets).

Xplorer Capital Growth I, LLC (“Xplorer Capital”), a newly formed entity owned and managed by funds advised by Xplorer Capital Management LLC proposed a recommended cash offer for the entire issued and to be issued ordinary share capital of CloudCall Group plc (“CloudCall”). The proposed acquisition was announced on 9 December 2021.

Under the terms of the acquisition, CloudCall shareholders will be entitled to receive 81.5 pence for each CloudCall share in cash. The acquisition values the entire issued and to be issued ordinary share capital of CloudCall at approximately £39.9 million on a fully diluted basis and is expected to complete in the first calendar quarter of 2022.

Xplorer Capital Management LLC is a global technology investment firm based in Silicon Valley, California with approximately $500 million under management. The core focus of funds managed by Xplorer Capital Management LLC is to invest in emerging and disruptive technologies that transform traditional industries on a global scale.

Slaughter and May’s team included Richard Smith (Picture), Partner, Victor Chu, Associate, Riva Bhalla, Associate, Miles Mason, Trainee, Christy Conlon, Trainee, Lisa Wright, Partner, Phil Linnard, Partner, Rachel Hunter, Associate and William Brown, Associate.

Involved fees earner: Riva Bhalla – Slaughter and May; William Brown – Slaughter and May; Victor Chu – Slaughter and May; Rachel Hunter – Slaughter and May; Phil Linnard – Slaughter and May; Richard Smith – Slaughter and May; Lisa Wright – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Xplorer Capital;

Author: Giulia Di Palma