0370 270 6000

Browne Jacobson advises BGF on its exit from business communications specialist Jola Cloud Solutions

14 July 2022

Browne Jacobson has advised equity investor, Business Growth Fund (BGF) on its exit from mobile data SIMs and business communications specialist Jola Cloud Solutions Ltd.

The Nottingham headquartered business which has a global reach has been acquired by leading global Internet of Things (IoT) connectivity platform provider, Wireless Logic for an undisclosed sum.

Jola is an award-winning provider of IoT and mobile data services to managed service providers, internet service providers, IT support companies and telecom resellers. This transaction will support the business with its ambitions to further invest in its product innovations and further expand its supplier relationships.

The Browne Jacobson advisory team was led by Nottingham based corporate finance partner Gavin Cummings, who advised BGF on their original £10.25m investment into Jola back in March 2021.

BGF is one of the UK’s most active equity investors, having invested over £2.5bn in over 400 businesses since it was established in 2011.

Focus on...

Press releases

Browne Jacobson appointed onto London Boroughs Legal Alliance panel

Browne Jacobson has been appointed on to London Borough’s Legal Alliance (LBLA) legal services framework after successfully bidding for their core legal work. The new three year contract which has a one year option to extend and is worth potentially £16m in fees, commenced on 8 July 2022. It replaces the Boroughs’ existing panel arrangement. The appointment will see the firm advise on areas such as regeneration, litigation, commercial and real estate.


Published articles

Rolls Royce SMR ambitions will bring Hinkley like benefits to regions

It’s great news that engineering giant Rolls-Royce has now shortlisted six possible locations for its first factory relating to small nuclear power stations. This is the first of three offsite assembly factories building key elements of the next generation small modular reactor power stations (SMRs). Construction will begin once Rolls-Royce receives the go ahead to build a fleet of SMRs in the UK.



Covid Rent Arrears: Cinema operators’ appeals dismissed

The Court of Appeal has dismissed two cases regarding rent arrears accrued during the Covid lockdowns. The cases are London Trocadero (2015) LLP v Picturehouse Cinemas Ltd and Bank of New York Mellon (International) Ltd v Cine-UK Ltd.


Press releases

Browne Jacobson advise on the disposal of international chemical manufacturer

Browne Jacobson’s corporate lawyers have successfully advised the shareholders of specialist chemical manufacturer, Amity International on its acquisition by Belimed AG, a subsidiary of Metall Zug AG.