Hamlins are delighted to announce that they have acted for RAM Active Media Plc, the AIM quoted investor in digital out of home media, communications and intellectual property businesses on the successful completion by its operating subsidiary TrainFX Limited of a joint venture with CETEC Europe Limited with respect to its rail industry information systems business.
Under the terms of the joint venture, CETEC has agreed to subscribe £500,000 in cash for shares in the new joint venture company into which TrainFX will transfer part of its business and assets in exchange for a 30% equity interest and £33,000 in cash.
RAM Chairman, Tim Baldwin, said "The joint venture partnership will accelerate the global reach of the technology contained within TrainFX's portfolio. We are confident this joint venture will be a great success and look forward to sharing in its benefits."
The Hamlins team consisted of Daniel Bellau (Corporate Partner) and Sara Carpenter (Corporate Associate).
Daniel Bellau commented "We were delighted to assist RAM in the completion of this transaction which brought together the firm's media sector expertise with its junior equity capital markets practice. We look forward to assisting RAM with its future growth."
For further information please contact Daniel Bellau on 0207 355 6101 or e-mail: dbellau@hamlins.co.uk