Goodman Derrick’s technology group advises in relation to three fundraisings
During 2013, Goodman Derrick’s technology group had lead roles in relation to three equity fundraisings for technology companies.
The first of these was a venture capital investment into a disruptive insurance technology company, REG, which had developed an online platform for the insurance sector, enabling insurers, Lloyds managing agents, brokers and managing general agents to disseminate and share information and meet their compliance obligations.
Goodman Derrick acted for the company in relation to the grant of a significant minority stake to venture capitalist Edmund Truell, who invested alongside Londongate Investments & Management, an established investor in insurance projects. Truell led the buyout and formation of Duke Street Capital in 1998, co-founded Pension Insurance Corporation, which has more than £9bn in assets under management, is chairman of the London Pension Fund Authority and is group chief executive officer of Tungsten Corporation.
The team also advised on a second-round fundraising for an online sports and fitness marketplace, Playenable, which is developing an online marketplace connecting sports and fitness enthusiasts with providers of sports activities.
Its platform enables users to review and book gyms and other sports facilities at times and locations convenient to them. Goodman Derrick acted for the company in relation to a second successful round of fundraising, after the company had raised initial funding on the Seedrs crowdfunding platform.
Another equity fundraising related to the pre-pack acquisition of an online luxury fashion business, My-Wardrobe. This company acquired the trading activity and certain of the assets of the My-Wardrobe business through a ‘pre-pack’ administration process. Goodman Derrick acted for the company in raising funds from a group of investors and in the related acquisition of the business from the administrators.
News from Goodman Derrick
Briefings from Goodman Derrick
The Davies Report from 2010 recommended an increase in the number of women on the board of directors of listed UK companies.
October 2014 brings yet more changes to employment law, including national minimum wage rises and time off for partners to attend antenatal appointments.
Analysis from The Lawyer
Active financial management is vital, but with firms looking more closely at the process of debt and fee collection, the personal touch still counts
The lure of the law can kick in at any stage of life. We speak to four individuals who have made a radical switch to a legal career