This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.
International technology, media and telecoms law firm Olswang has advised ESF Capital, the institutional marketplace lending accelerator, on its multi-tranche equity investment into Satago, the accounts receivable software business.
Simultaneously, Olswang also advised ESF Capital on its provision of a new debt facility to Satago. The new funding will support the development and growth of Satago's all-in-one cash-flow solution, which combines dynamic single invoice financing with a free, online, universally accessible credit control platform for SMEs.
The Olswang team was led by Corporate Partner Rob Willis, who commented: "When we advised on the launch of ESF Capital last year, it was clear that there was significant ambition to expand rapidly and make investments that really moved the needle in the European marketplace lending sector. This strategic partnership with Satago is firm evidence of this – we're very pleased to have advised on this deal, and we look forward to working with ESF Capital in the near future as it continues to build momentum."
The Corporate team was led by Rob Willis, and was supported by Corporate Associate Elliot Cowan.
Leading on the debt financing aspect of the transaction was Head of Finance and Partner Charles Kerrigan, who was supported by Oliver Ellington, Finance Senior Associate and Trainee Rose Falconer.
Read more about Olswang’s international legal practice on the firm’s website.
