news 1 week ago

Brevet Capital Purchases PanOptis

The Associated Press

NEW YORK--(BUSINESS WIRE)--Feb 11, 2019--Funds managed by affiliates of Brevet Capital, a leading specialty finance provider with a dedicated focus on the government sector, have acquired intellectual property management and finance company PanOptis, comprised of Optis Wireless Technology, Optis Cellular Technology, and Unwired Planet. Financial terms of the private transaction were not disclosed.

PanOptis was established in 2012 by then Chief Executive Officer Leslie Ware. PanOptis consolidated innovative telecommunications patent portfolios and facilitated access to valuable technology for smartphone manufacturers. In 2016, PanOptis acquired Unwired Planet, creating additional efficiencies and value for its licensees.

“Since we began this journey in 2012, we have accomplished our goal and brought increased efficiency to our customers,” said Ware. “We have created a predictable stream of revenue that Brevet is well positioned to manage.”

“Brevet is extremely excited about this acquisition and we look forward to enabling access to innovative technology for global product manufacturers,” said Doug Monticciolo, Chief Investment Officer of Brevet. “We also look forward to advancing the mobile industry’s contribution to the United Nations Development Programme’s Sustainable Development Goals (SDGs) by enhancing access and connectivity globally.”

Headquartered in New York, Brevet is a registered investment advisor employing a specialty finance strategy that emphasizes downside protection. Focusing on opportunities related to the government sector, Brevet originates and structures customized financing solutions that facilitate borrower growth initiatives. Since inception, Brevet has advised and structured over $20 billion of transactions. Brevet has a 20-year track record of partnering with U.S. state, federal, and international government agencies to provide unique financing solutions.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190211005472/en/

CONTACT: Media Contacts

For Brevet Capital

Alex Stanton

(212) 780-0701

astanton@stantonprm.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS TELECOMMUNICATIONS MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Brevet Capital

Copyright Business Wire 2019.

PUB: 02/11/2019 10:11 AM/DISC: 02/11/2019 10:11 AM

http://www.businesswire.com/news/home/20190211005472/en