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A Travers Smith team led by Head of Private Equity, Paul Dolman, has advised the senior management team of The University of Law in connection with its sale by Montagu Private Equity ("Montagu") to Global University Systems ("GUS") an international network of higher-education institutions headquartered in Amsterdam.
A Travers Smith team led by senior partner Chris Hale has advised management on the acquisition by funds managed by Brookfield Property Partners of Center Parcs UK from private equity and real estate funds managed by Blackstone. The transaction sees Brookfield agree to acquire a majority stake in the business with the remaining stake held by management.
Travers Smith LLP has advised its new client Alteri Europe, L.P. (the direct lending arm of Alteri Investors) in relation to its provision of a secured term loan facility to UK clothing retailer Austin Reed.
A Travers Smith team led by private equity partner Ian Shawyer has advised its long standing client The Carlyle Group on the sale of The Foundry for £200 million, in a secondary buy-out backed by Hg Capital.
A Travers Smith team led by head of private equity, Paul Dolman has advised long standing client Kings Park Capital LLP (“KPC”) on the acquisition of a majority stake in Specialist Tours Limited (“STL”), a niche multi-brand tour operator.
A Travers Smith team led by Head of Environment & Operational Regulatory, Doug Bryden, advised Warburg Pincus, alongside Clearly Gottlieb, on the acquisition of a majority stake in STHI Holdings, Inc., the holding company of healthcare and biotechnology company, Sterigenics, from private equity house GTCR.
Travers Smith LLP has advised Bridgepoint, the leading European private equity group, in connection with the debt financing aspects of their acquisition of a majority stake in Nordic Cinema Group (NCG). Bridgepoint has acquired NCG from Ratos AB and Bonnier Holding in a transaction totalling SEK 4.7 billion (EUR 501.7 million).
Transaction highlights:
Travers Smith LLP has advised new client Zoopla, the UK's most comprehensive property search website, on the acquisition of price comparison website uSwitch from LDC and certain management sellers for up to £190m.
Travers Smith LLP has acted as English and US counsel to new investment trust Ranger Direct Lending Fund plc (the "Fund") in connection with its initial public offering.
Travers Smith LLP has advised its long-standing client Pinewood Group plc on a fund raise of £30 million through a placing of new ordinary shares with institutional and other investors, which completed on 17 April 2015. In addition, Pinewood has agreed new bank facilities of up to £135 million with Lloyds Bank plc, The Royal Bank of Scotland plc, HSBC Bank plc and Barclays Bank plc.
Travers Smith LLP has advised long-standing client Pace, the UK provider of broadband and pay TV technology, on its combination with Arris, a US-based broadband media technology company. The US $2.1billion (£1.4 billion) transaction will be effected through a scheme of arrangement.
A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the proposed sale of British Car Auction ("BCA"), Europe's largest used-vehicle marketplace, to Haversham Holdings ("Haversham"), the publicly listed investment vehicle, in a transaction valued at approximately £1.2 billion.
A Travers Smith team led by head of private equity, Paul Dolman, has advised Hellman & Friedman on the sale of SSP, a global insurance technology business, in a secondary buy-out backed by Lloyds Development Capital and Scottish Equity Partners.
A corporate and tax team, led by corporate partner Adrian West and tax partner Kathleen Russ have advised the management of Revolution Bars Group plc on the initial public offering of the Company on the Official List. At Admission, Revolution Bars will have a market cap of £100 million.
A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the acquisition of Big Bus Tours by Exponent. The transaction sees Exponent agree to acquire a majority stake in the UK-based global sightseeing bus tour operator.
The High Court has today ruled that the trustee of the Merchant Navy Ratings Pension Fund can implement its proposed new funding regime requiring former employers to contribute towards the deficit.
A Travers Smith team led by senior partner, Chris Hale and corporate senior associate Will Yates has advised NewSmith LLP ("NewSmith") on the sale of its asset management business to Man Group PLC ("Man Group") for an undisclosed sum. The acquisition is expected to complete in the second quarter of 2015, subject to regulatory and other approvals.
A Travers Smith team, led by private equity partners Lucie Cawood and James Renahan, has advised long standing client 3i Group plc ("3i") on their investment in Aspen Pumps in a transaction valued at £105 million.
A Travers Smith team led by head of private equity, Paul Dolman and private equity senior associate, Will Yates has advised the shareholders (including majority shareholder Lyceum Capital) of international clinical trial research firm Synexus on its £83 million secondary buy-out backed by private equity investor LDC.