Slaughter and May is advising Xplorer Capital Growth I, LLC (“Xplorer Capital”), a newly formed entity owned and managed by funds advised by Xplorer Capital Management LLC on its recommended cash offer for the entire issued and to be issued ordinary share capital of CloudCall Group plc (“CloudCall”). The proposed acquisition was announced on 9 December 2021.
Under the terms of the acquisition, CloudCall shareholders will be entitled to receive 81.5 pence for each CloudCall share in cash. The acquisition values the entire issued and to be issued ordinary share capital of CloudCall at approximately £39.9 million on a fully diluted basis and is expected to complete in the first calendar quarter of 2022.
Xplorer Capital Management LLC is a global technology investment firm based in Silicon Valley, California with approximately $500 million under management. The core focus of funds managed by Xplorer Capital Management LLC is to invest in emerging and disruptive technologies that transform traditional industries on a global scale.
Miles Mason / Trainee, Christy Conlon / Trainee