Travers Smith has advised a consortium of lenders on the financing arrangements supporting Arcus Infrastructure Partners’ acquisition of Wifinity, a market-leading specialist connectivity services provider. Arcus acquired Wifinity through Arcus European Infrastructure Fund 3 SCSp.

Travers Smith has advised Keefe, Bruyette & Woods, a Stifel company, as Sole Sponsor to Mortgage Advice Bureau ("MAB") on its move from AIM to a listing on the Official List of the FCA, and to trading on the Main Market of the LSE.

Travers Smith has advised Peel Hunt and Stifel as Joint Sponsors to Young & Co.’s Brewery, P.L.C. ("Young's"), on its move from AIM to a listing on the Official List of the FCA, and to trading on the Main Market of the LSE.

Travers Smith LLP has advised Cerberus Capital Management, L.P. on regulatory aspects of its affiliate's acquisition of Lendco Limited ("Lendco") from Cabot Square Capital ("Cabot") and minority shareholders. The transaction was signed on 13 April 2026 and is expected to complete in the coming weeks.

Travers Smith has advised Fortifi Food Processing Solutions ("Fortifi"), a global leader in food processing automation, on the acquisition of Deighton Manufacturing (UK) Ltd, a leading provider of forming, portioning, coating and frying equipment. The acquisition reflects Fortifi's broader strategy to offer complete, full-line solutions that serve the needs of food processors of all sizes.

Travers Smith has advised Enviromena on an £825m senior portfolio financing package, marking one of the largest solar financings in the UK this year and enabling a major expansion of its renewable energy platform.

As we have previously examined, businesses face an increasingly complex regulatory landscape and heightened litigation risk on environmental, social, and governance (“ESG”) issues. One area at the forefront of this challenge is litigation related to per- and polyfluoroalkyl substances ("PFAS"), widely used synthetic chemicals under growing scrutiny for their environmental and health impacts.

What has the FCA announced regarding the SMCR?

The FCA has confirmed it will proceed with some limited changes to the UK Senior Managers and Certification Regime (SMCR), as set out in PS26/6: Senior Managers & Certification Regime review. These represent the first phase of a planned overhaul of the regime.

Travers Smith LLP has advised longstanding client Investec Direct Lending on the financing of Triple Private Equity's landmark acquisitions of three intelligence businesses, Derivia Intelligence, Extel & Euromoney.

On 15 April 2026, the Supreme Court unanimously ruled that costs incurred by Ørsted (a global offshore energy company) on environmental surveys and studies conducted during the planning stages of its offshore windfarms did not qualify for capital allowances.

Travers Smith has advised leading social and affordable housing investor HSPG on its strategic partnership with leading global investment firm Sixth Street, and on the partnership's investment in Park Properties Housing Association (PPHA), one of the UK's largest For-Profit Registered Providers of affordable housing.

Travers Smith LLP has advised longstanding client HSBC Innovation Banking on the provision of a Senior ARR Term Loan and Working Capital Facilities, to support the combination of 4human, Eletive and tamigo by Accel-KKR. The combined group represents a leading Nordic human capital management (HCM) solution. 

Travers Smith has advised OakNorth on a £50m RCF to sustainable office and commercial property specialist CLS Holdings plc.

A regular briefing for the alternative asset management industry. 

Travers Smith LLP is delighted to have been awarded the 'Knowledge Management Award', and to have been Highly Commended for the Halsbury Rule of Law category, at the LexisNexis Legal Awards 2026 . 

The Employment Rights Bill has received Royal Assent, becoming the Employment Rights Act 2025. The Act paves the way for significant reforms to UK employment law, with the key changes to be phased in starting from April 2026.

In its first infringement decision under the UK's new consumer enforcement regime, the Competition and Markets Authority has fined the AA £4.2 million and required it to repay over £700K to consumers.  This is just the latest in a series of developments indicating that B2C businesses in the UK face a much tougher regulatory environment than in the past.  We explain why it's essential to take this threat seriously and what consumer-facing businesses can do to reduce their risk.

Travers Smith LLP has advised longstanding client Nest, the largest UK workplace pension scheme by number of members, on its appointment of Crescent Capital Group LP (Crescent) to manage an open-ended mandate investing in secured, first-priority loans to private companies.

Travers Smith LLP has advised Bain Capital Credit on the successful final closing of Bain Capital Credit CLO Management III, LP ("CMV III"), with approximately $1.5 billion in total commitments. CMV III primarily targets majority equity investments in the firm's U.S. and European collateralized loan obligations (“CLOs”) and warehouses, providing vintage and geographic diversification.

Travers Smith has acted as English law counsel to the lenders on an approximately €1 billion financing for Eutelsat, a world leader in satellite communications. The financing is being provided in connection with an order of 340 Low Earth Orbit (LEO) satellites by OneWeb, specialising in high-speed internet services.