News & Views

Hannes Snellman Counsel to Proventus Capital Partners IV AB (publ) in the Debt Financing of the Ovzon-3 Satellite

31 March 2021

Hannes Snellman acted as lead counsel to Proventus Capital Partners IV AB (publ) in relation to the debt financing of the Ovzon-3 Satellite. Proventus Capital Partners IV provided a commitment for a six-year senior secured loan of USD 60 million to Ovzon AB (publ), a company headquartered in Sweden, offering revolutionary mobile broadband service via satellite combining high bandwidth with highly mobile terminals. The financing provided by Proventus Capital Partners will partly fund the construction and launch of Ovzon’s first own satellite, Ovzon-3. 

PCP provides tailored funding solutions to mid-sized companies in Northern Europe. Over the last two decades, PCP has engaged and invested in over 130 companies and helped them maximise their potential. Hannes Snellman’s advisory team included Fredrik Olsson, Maria Orrgard, Sofia Bengtsson, David Smith (Finance & Restructuring), and Mattias Friberg and Khaled Talayhan (Public M&A).