Stevens & Bolton LLP advises AIM listed Monitise plc

Stevens & Bolton LLP has advised Monitise plc on its partly underwritten placing on AIM, raising a total of £100 million from institutional investors, and on two related acquisitions including the purchase of shares in Monitise's UK Mobile Money Network joint venture.
 
Monitise plc is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.
 
The Stevens & Bolton LLP team was led by James Waddell (corporate partner) and supported by corporate partners Joe Bedford and Jonathan Porteous, Lucy Handford (senior corporate associate) and Mark Smith (corporate associate).
 
Richard Waller, Group Head of Legal at Monitise plc stated: “James, together with the rest of the Stevens & Bolton team, have again demonstrated their deep understanding of, and exceptional commitment to, Monitise by enabling us to complete these various deals simultaneously in a very short time frame.”

Commenting on the firm's role in the transaction, corporate partner James Waddell said: "We are delighted to have helped Monitise achieve its fundraising goal and to have completed these acquisitions for Monitise in a challenging timescale.  Stevens & Bolton LLP has acted for Monitise since it launched as an independent company in 2007 and it has been incredibly exciting to be involved in Monitise's progress."
 
Stevens & Bolton LLP has advised Monitise plc on a number of fundraisings, joint ventures, acquisitions and commercial arrangements.

 

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