Orrick Advises PHOENIX CONTACT on Growth Financing of Canadian Network Provider iS5 Communications


PHOENIX CONTACT Innovation Ventures completed a growth financing round in iS5 communications Inc. as lead investor in a 12-member consortium.

Based in Ontario, Canada, iS5 Communications is a global provider of components for industrial networks. Their latest product line, through a combination of hardware and a software platform, takes account of the fact that increasing cyber threats demand greater security for industrial communications.

PHOENIX CONTACT Innovation Ventures is the corporate venture capital arm of Germany’s PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology.

PHOENIX CONTACT Innovation Ventures was advised by Düsseldorf-based corporate partner Sven Greulich, who previously advised PHOENIX CONTACT on an add-on acquisition of a European scale-up in the tech sector in the summer of 2017. On the iS5 investment, Sven was assisted by London-based partner Shawn Atkinson and a team from the Canadian M&A boutique law firm AMS Allen McDonald Swartz LLP.