Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
A number of firms have advised on an agreement between Spookfish and EagleView Technologies to distribute Spookfish technologies in North America.
Firms: Clayton Utz (Spookfish); Baker & McKenzie (Spookfish – US counsel); King & Wood Mallesons (Vista Equity Partners); Kirkland & Ellis (Vista Equity Partners – US counsel)
Value: $6 million
Area: Banking and finance
Key players: Clayton Utz corporate partner Mark Paganin and senior associate Stephen Neale led the firm’s team, with assistance from special counsel David Benson, senior associate Annie Atkins and lawyer Thomas Parker.
Deal significance: Spookfish, an Australia-based company providing geospatial products and services, entered into an agreement with EagleView Technologies, a US provider of aerial imagery, data analytics and GIS solutions.
Under the agreement, EagleView Technologies will have an exclusive long-term licence to operate Spookfish Capture Platform technologies and sell output products in North America.
Spookfish will receive a long-term royalty, based on a fee per square mile captured, as well as a share of revenues generated from Spookfish Capture Systems.
EagleView Technologies will invest $6 million in a 10 per cent interest in Spookfish via unsecured, interest free convertible notes.
The company will also receive an option to acquire a further 9.9 per cent interest in Spookfish upon satisfaction of revenue milestones.
These options issues are subject to necessary Spookfish shareholder approvals.
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Get breaking news
Stefanie Garber
