June 12, 2007

Faegre & Benson Represents FreeWave in Largest Boulder Private Equity Deal Since 2000

Faegre & Benson LLP recently served as company counsel in the $113 million private equity financing of Boulder-based FreeWave Technologies, a leading provider of high-performance spread spectrum radio products and services. The deal ranks among the largest of its kind in the United States this year and marks the largest venture capital investment in a Boulder company since 2000.

The FreeWave deal solidifies Faegre & Benson's position at the forefront of the largest venture capital investments in Colorado companies. It is the largest private equity financing of a Colorado company this year, and it closely follows the firm's 2006 representation of Englewood-based Adam Aircraft in the $93 million venture capital financing that stands as the largest such deal in Colorado that year.

Douglas R. Wright, a partner in the firm's corporate practice, led the Faegre & Benson team on the FreeWave deal.

Faegre & Benson is a leader in representing entrepreneurs, fast-growth companies and their investors throughout Colorado and the greater Rocky Mountain region. From its offices in Denver and Boulder, the firm has helped hundreds of companies raise billions of dollars in financing from sources ranging from local venture capital firms to some of the most prominent investors worldwide.

TA Associates, one of the largest and most experienced private equity firms in the United States, led the investment in FreeWave Technologies.

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