London — Mayer Brown has advised the main shareholders of OpenCloud Limited, which included private equity funds Advent Venture Partners, the New Zealand Venture Fund and Nokia, on its sale to Metaswitch Networks Limited, a leading cloud native communications software company.
OpenCloud products are used by more than 60 operators worldwide and the company is a recognised expert in mobile service enablement, which transform the real-time communications service layer, delivering a competitive and affordable evolution of IN, GSM, IMS and VoLTE services.
Peter Baines, general partner at Advent Venture Partners, commented: “Perry and the Mayer Brown team’s commitment to getting this transaction completed is greatly appreciated. With shareholders across several continents, and a West Coast buyer, not to mention last minute deal complexities, this was no mean feat.”
The Mayer Brown team was led by Private Equity partners Perry Yam and James West and included Corporate & Securities senior associate Rebecca Bothamley and associate Charles Clendon; IP partner Mark Prinsley and associate Daniel Gallagher; Tax Transaction & Consulting associate Simon Slade; Real Estate senior associate Tim Collier; Banking & Finance partner Kieron Dwyer; and Employment & Benefits partner Christopher Fisher.
Mayer Brown's leading global Private Equity practice is spread across four continents covering: the Americas, Asia, Europe and the Middle East, and advises on all aspects of private equity transactions.