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ARTICLE · 12 DECEMBER 2022

Shepherd & Wedderburn Assists Mangata Edge

Shepherd and Wedderburn
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A cross-unit team at Shepherd & Wedderburn has been instrumental in assisting US inward investor Mangata Edge with concluding investment documentation for a significant manufacturing facility, announced by Scottish Enterprise.

United KingdomReal Estate and Construction
Shepherd And Wedderburn LLP
Shepherd And Wedderburn LLP
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A cross-unit team at Shepherd & Wedderburn has been instrumental in assisting US inward investor Mangata Edge with concluding investment documentation for a significant manufacturing facility, announced by Scottish Enterprise. The facility is to be built at Prestwick Aerospace Park for manufacture, research & development and testing, for Highly Elliptical Orbit and Medium Earth Orbit satellites as well as for operations of the company's global satellite network.

The investment follows a $33million fundraise concluded last year in the USA for the parent company, Mangata Networks Inc, in which Scottish Enterprise participated. Since then, negotiations have centred on the terms of the £83.7m funding by Scottish Enterprise and the Ayrshire Growth Fund for the construction and subsequent lease (with purchase option) to Mangata of the new facility.

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