Lynrock Lake’s $50 Million Private Financing of Sequans Communications

Akin Gump Strauss Hauer & Feld LLP advised Lynrock Lake on the deal.

Sequans Communications S.A., a leading developer and provider of 5G and 4G solutions, has announced the signing of a $50 million private financing with Lynrock Lake Master Fund LP, a fund managed by Lynrock Lake LP, an investment management firm with approximately $1.2 billion of assets under management. 

The financing, which closed April 9, consists of $10 million of American Depository Shares and $40 million principal amount of convertible debt.

The Akin Gump team advising Lynrock Lake was led by corporate partners Chip Cowell (Picture) and Chris Centrich. They were joined by fellow corporate partner Patrick Hurley, investment management partners Jason Daniel and Adam Hilkemann and corporate associate Tyler Andrews.

Involved fees earner: Tyler Andrews – Akin Gump Strauss Hauer & Feld LLP; Christopher Centrich – Akin Gump Strauss Hauer & Feld LLP; Eugene Cowell – Akin Gump Strauss Hauer & Feld LLP; Jason Daniel – Akin Gump Strauss Hauer & Feld LLP; Adam Hilkemann – Akin Gump Strauss Hauer & Feld LLP; Patrick Hurley – Akin Gump Strauss Hauer & Feld LLP;

Law Firms: Akin Gump Strauss Hauer & Feld LLP;

Clients: Lynrock Lake LP;

Author: Martina Bellini