Global law firm White & Case LLP has advised Novator on its investment in MoDe, a technology company that provides mobile value added services to mobile network operators in emerging nations.
Novator, an international investment firm, has been established for more than ten years and has a particular emphasis on emerging markets and on special situations.
Novator made its investment by way of a convertible loan which will provide MoDe with the resources to expand its operations beyond the 13 African countries in which it currently operates. Bruce McInroy, Partner at Novator, said: "White & Case fielded an experienced and focused team that complemented the team at Novator and allowed us to execute this complex deal in relatively short order."
London-based White & Case partner Ian Bagshaw, co-head of the Firm's EMEA private equity practice, said: "We're delighted to have advised longstanding client Novator on its investment in MoDe." London partner Ross Allardice said: "Mobile value added services in emerging nations is an exciting area with enormous potential for growth."
The White & Case team which advised Novator was co-led by London partners Ian Bagshaw and Ross Allardice and included partner Colin Harley (London), counsel Prabhu Narasimhan and associates Edward Higbee, Vedad Ramljak (both London) and Marija Pecar (New York).
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