Schulte advised White Hat Capital Partners (“White Hat”), an investment firm focused on value-oriented investments in publicly traded technology companies to improve strategy and capital allocation, increase operational efficiencies and strengthen governance, in a $50 million investment in Luna Innovations Incorporated (“Luna”), a global leader in advanced fiber-optic-based technology.
Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, a UK-based provider of fiber-optic systems and solutions. Luna plans to apply the proceeds of this investment across a range of initiatives to accelerate growth and increase profitability.
Schulte team:
Partners
Ele Klein, co-chair of the firm’s M&A and Securities Group
David Curtiss, M&A and Securities
Joseph Reich, Tax
Special Counsel
Clara Zylberg, M&A and Securities
Associates
Evan Berger, M&A and Securities
Rachel K. DiSciullo, M&A and Securities
Hannah Hollingsworth, Tax
Nikoleta Nikova, M&A and Securities
Read the press release: https://bit.ly/3GVN21k
Financial Advisor at UBS Financial Services, Inc.
4moCongrats to both parties on the transaction … another win win !!