Macfarlanes advises Virgin Group on its investment in Hyperloop One

16 October 2017

Macfarlanes has advised the Virgin Group on its investment in Hyperloop One, and on the grant of a trade mark licence which will see the company rebranded as Virgin Hyperloop One.

Hyperloop One is developing a new mode of transport which will move cargo and passengers at high speed via electric propulsion through a low-pressure tube. The company is aiming to have operational systems in service by 2021.

The Macfarlanes team on the investment was led by head of M&A Ian Martin, with assistance from senior solicitor Tom Rose. Advice on the brand licensing aspects of the deal came from commercial group partner Rupert Casey, assisted by senior solicitor Will Hedges, who supported Bill Budd, head of legal and IP at Virgin Enterprises Limited.

Macfarlanes worked alongside Wilmer Cutler Pickering Hale and Dorr LLP, led by corporate partner Dan Zimmermann, who advised on US law aspects of the deal.