Gowling WLG's Capital Markets team has advised Toople PLC on its placing and admission to the Standard Listing segment of the UK Listing Authority's Official List and to trading on the London Stock Exchange's Main Market.
Toople is an early stage tech-focused telecoms group, providing a range of telecoms services primarily targeted at the UK SME market.
Its services include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and traditional services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform that delivers automation for the services provided.
David Brennan, corporate partner and co-chair of the firm's Tech sector led the transaction, supported by principal associate Susan Johnston.
David said: "We're thrilled to have advised Toople on its placing and admission to the Main Market. With the backing of a talented and experienced management team, the business is in an ideal position to achieve its aim of becoming a leading provider of telecom solutions to the UK SME market."
Toople CEO Andy Hollingworth added: "We're absolutely delighted with the first class advice and service provided by Davey and Sue, supported by an incredibly able group of Gowling WLG professionals across a variety of service lines. We're now able to progress our plans to provide the UK's SMEs with a hassle-free, efficient service, freeing them up to focus on running and growing their own businesses."
Toople will also launch its mobile and hosted phone systems over the coming months, providing its customers with a wide range of services all under one roof.
Gowling WLG's 235-strong global Tech team is a trusted adviser to tech businesses around the world, from start-ups to global players. The firm's Corporate team has extensive experience across the full spectrum of corporate advice including equity capital markets, investment funds, private equity and both public and private mergers and acquisitions.