Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Synchronica announces that it had completed its acquisition of iseemedia

Reading Time 2 minute read Subscribe



finnCap Limited

On October 14, 2010, Synchronica plc, the international provider of next-generation mobile messaging services, announced that it had completed its acquisition of competitor Canadian mobile email company iseemedia Inc. Since its take-over bid was announced on July 22, 2010, Synchronica has to date acquired 86% of iseemedia's shares and will acquire the remaining shares using a statutory process before December 31, 2010. The board of directors of iseemedia had earlier recommended that shareholders tender to the offer upon receipt of a written fairness opinion by Northern Securities Inc. The opinion stated that the offer was fair, from a financial point of view, to the shareholders of iseemedia. The acquisition was partly financed by concurrent placings of shares in Canada and the UK, with Northern Securities Inc. acting as agent for the private placement in Canada and finnCap Limited being the Nominated Adviser and Broker in respect of the UK placing. Fasken Martineau advised Northern Securities in connection with this deal, both in its capacity as financial advisor to iseemedia on the take-over bid and as agent on the private placement, with a team that included Sean Stevens, Brad Freelan, Amira Abouali and Paul Braczek (corporate/securities), Dan Fabiano (IP) and Mitchell Thaw (tax). Fasken Martineau also advised finnCap in connection with the UK placing with a team that included June Paddock and Daniel Joll (corporate/securities).



    Receive email updates from our team