The Corporate Finance team from independent UK law firm Burges Salmon has advised Callen-Lenz Associates Limited in connection with its receipt of a £4.75 million debt and equity investment by the Foresight Group LLP.
This investment will allow Callen-Lenz to drive growth through the recruitment of additional engineers and sales professionals in its Wiltshire and Bristol offices, as well as permitting increased investment across its manufacturing facilities and plant.
Callen-Lenz develops, designs and manufactures air vehicles, vehicle components and navigation and communication software for high performance UAVs globally, and provides a comprehensive range of UAV products, operating within extremely tight tolerances outside pilot sight.
The cross-office, multi-disciplinary team from Burges Salmon that advised Callen-Lenz was led by partner Rupert Weston, director Alex Lloyd and associate Katie Carter.
Jonathan Webber, CEO of Callen-Lenz, said: “This investment will allow us to accelerate our growth for both the civil and defence sectors, supporting our ongoing development in autonomous systems and wider expansion into international markets. The Burges Salmon team provided us with a range of legal advice and the team’s excellent advice, led by Rupert, Alex and Katie, ensured that we were able to successfully complete this deal. I am grateful for their help.”