Michelmores’ Corporate team has advised Magnet Networks Limited on the disposal of its majority share in Velocity1 Limited to its long-term joint venture partner, Quintain, advised by Allen & Overy.
Through its investment in Velocity1, Magnet helped deliver connectivity to Quintain’s Wembley Park development which, upon completion, will feature 5,000 new rental homes and 1m sq feet of commercial office space.
Magnet Networks, headquartered in Ireland, is a leading Telecommunications, Data Connectivity and Security Services provider, providing solutions to homes, businesses and enterprise customers in Ireland, throughout Europe and beyond.
The Michelmores corporate team was led by Edwin Richards (Picture), with support from Katie MacLean and Hollie Suddards. Tom Torkar and Philippa Collison provided commercial contract advice.
Law Firms: Michelmores LLP;
Clients: Magnet Networks Limited;