Thursday, 29 September 2011

AerialCell Receives Funding

Chrysalis VCT have invested in the telecoms infrastructure services company AerialCell. The funding is to provide development capital to drive business growth in the installation, decommissioning, optimisation and maintenance of telecoms antenna and transmission equipment.

Chris Jennings, the Investment Manager for Chrysalis VCT in the South West said “we are very excited about this opportunity to work with such a great team at AerialCell and to invest in a sector with such bright prospects”.

AerialCell were advised by Alan Cottle at Pegasus Funding Resources for investment readiness, financial modelling services and throughout the process, and Simon Merrall at Withy King for legal services. Alan Cottle,Pegasus Funding Resources said:- “We are very pleased with the result of this project. From the point that we introduced our client to Chrysalis we have enjoyed the relative ease at which all the parties took the client through the process to a successful conclusion.”

Simon Merrall said “there was a high degree of motivation on all sides to get this deal over the line. This meant a sensible and pragmatic approach was adopted by the parties, which makes a real difference when trying to keep to a tight timetable.”

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