Joelson advises CoalTech on the reverse takeover of Clean Invest Africa Plc

Posted Tuesday 2nd July 2019

Joelson, the leading London law firm, today announces that it advised the selling shareholders of CoalTech in connection with the reverse takeover of Clean Invest Africa Plc, the NEX Exchange listed clean technology and renewable energy investment company.

CoalTech – an early stage energy company with a cleantech solution for coal waste – has a focus on cleaning the environment, increasing energy efficiency and job creation. The innovative clean tech solution takes coal waste and processes this into coal pellets, thereby cleaning up the environmental impact of large scale coal mines and creating additional energy resources from waste material for onward sale to both retail and industrial customers.. The Company’s acquisition by Clean Invest will give its selling shareholders access to capital on the London markets, as CoalTech continues to develop and expand.

Joelson’s Corporate team – led by Partner Phil Hails-Smith and supported by Corporate Associate Naimi Shah was instrumental in co-ordinating the transaction.

Phil Hails-Smith, Corporate Partner at Joelson said:
“We are delighted to have assisted CoalTech on this transaction, which is transformational for its shareholders. Joelson’s Corporate and Commercial team regularly works with clients to achieve the best possible outcomes on acquisitions, but this is the first time we have provided legal counsel on a transaction of this nature on the NEX Exchange. We look forward to continuing to support CoalTech and its shareholders in this exciting area of clean technology.”

Filippo Fantechi President of CoalTech says:
“Thank you so much to Phil and his team for their invaluable support on this transaction. It has taken over a year to put this deal together and I’m so pleased to have been supported by the Joelson team. They went the extra mile and were incredibly supportive managing stakeholders in various jurisdictions and taking us through the complicated process. I very much look forward to working with them as we now start to grow and scale Coaltech as an international business.”

Read the press release from NEX Exchange

This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.

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