Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
Travers Smith LLP has advised new corporate client Record plc in connection with its £10 million return of capital to shareholders by way of a tender offer and buyback of shares, which was announced on 21 June 2017. Cenkos Securities plc acted as broker for Record plc on the tender offer.
According to a tweet from the National Grid, Friday 21 April 2017 was a landmark day because, for the first time in more than 130 years, Britain functioned as normal without turning on its coal-fired power stations. The country's daily electricity came from a combination of gas power plants (47%), nuclear plants (18%), wind farms (18%), solar panels (10%) and biomass (6%). Renewable power is an increasingly important part of our energy infrastructure.
The Supreme Court today handed down the final judgement in Walker v Innospec Limited. Mr Walker, with support from Liberty, has persuaded the Supreme Court to overturn the Court of Appeal's decision, winning his husband the right to a survivor's pension calculated on the same basis as if Mr Walker were married to a woman.
The Licensing Act 2003, which came into force in 2005, has recently been subject to scrutiny by the House of Lords. Its report, issued in April 2017, highlights some serious issues with the current system, and proposes some solutions which could bring the licensing regime closer to the planning regime.
Travers Smith have advised long-standing client Canaccord Genuity Wealth Management on its acquisition of Hargreave Hale Limited, a leading independent UK-based investment and wealth management business, for aggregate consideration of up to £79.5 million.
Travers Smith LLP has advised finnCap Limited as nominated adviser and sole bookrunner to PROACTIS Holdings Plc, a global Spend Control and eProcurement solution provider, on PROACTIS’ proposed acquisition of Perfect Commerce, LLC for an aggregate consideration of up to $132.5 million (approximately £102.4 million), together with its oversubscribed conditional placing to raise £70.0 million.
Travers Smith LLP has advised longstanding client Safestore Holdings plc on the refinancing of its debt on improved terms.
Studies are increasingly showing that, by using sophisticated equipment and techniques to control noise levels and lighting options in modern offices, employers are improving their employees' health and wellbeing and productivity.
Travers Smith has acted as lead counsel for Medicxi on the fundraising for Medicxi Growth I LP, a new $300 million fund that will focus on growth stage companies in European life sciences.
Last week we reminded you that the deadline for filing your online share plan returns for 2016/17 was 6 July. On Friday, HMRC published a bulletin acknowledging that the annual returns online service had experienced technical issues which prevented some returns from being submitted.
The deadline for filing your online share plan returns for 2016/17 is fast approaching.
The Government plans to create a register of beneficial ownership information for overseas entities that own or buy UK property or participate in UK central government procurement. The register is intended to help prevent UK property being used in money-laundering schemes and other criminal activities.
Travers Smith LLP has advised longstanding client Darwin Private Equity and other selling shareholders on the sale of Esendex to HgCapital.
Travers Smith LLP has advised longstanding client Equistone Partners Europe ("Equistone") on its investment in the Willerby Group. Equistone has acquired a majority stake in Willerby investing alongside management.
Travers Smith LLP is proud to announce the launch of a new LGBT+ mentoring programme in partnership with LGBT charity Just Like Us.
Travers Smith LLP has advised long-standing client TA Associates (“TA”), a leading global growth private equity firm, on its investment in Biocomposites.
Travers Smith LLP has acted for Liberum Capital Limited in its capacity as placing agent on (i) a placing of £105 million of Ordinary Shares in Honeycomb Investment Trust plc (the "Fund") (the "First Placing"), and (ii) a further placing programme of up to 40 million Ordinary Shares and/or C Shares in the Fund.
The new Code is appended to the Digital Economy Act 2017, which received Royal Assent on 27 April this year. Although the new Code is largely based on the old version, landowners and operators of digital services alike need to be aware of some key differences.
Travers Smith LLP’s Operational Risk and Environment team is delighted to be hosting this year’s International Environmental Lawyers Network Conference on 9 June.
Travers Smith LLP has acted for Numis Securities Limited and Goodbody Stockbrokers as joint brokers and underwriters and Numis Securities Limited as nominated adviser in connection with the proposed £100 million placing and subscription (the "Fundraising") by Draper Esprit plc ("Draper Esprit").