Browne Jacobson has advised Business Growth Fund on the deal.
BGF invested into specialist mobile data SIM business, Jola Cloud Solutions Ltd.
Nottingham based Jola provides loT and mobile data services to managed service providers, internet service providers, IT support companies and telecom resellers.
BGF is one of the UK’s most active growth capital investors, having invested £2.5bn in almost 400 businesses since it was established in 2011. The deal was led by BGF investor Seb Saywood and supported by Subi Inayat and will see the company take a 25 per cent stake in the business.
The Browne Jacobson team was led by Nottingham based corporate finance partner Gavin Cummings (Picture) and senior associate Rachael McDonald.
Law Firms: Browne Jacobson;
Clients: Business Growth Fund;