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Travers Smith LLP has advised KN Circet, an Advent International investee company, on the acquisition of ARCC Communications Limited (ARCC).

Travers Smith LLP has advised new client CGE Partners on its investment in Enhesa, the fast-growing global environmental, health and safety (EHS) compliance intelligence platform. CGE is a mid-market private equity firm with a focus on attractive growth markets across Europe.

Collective experience has illustrated how impactful periods of volatility in foreign exchange rates can be for managers of funds with currency exposures. Such exposures can arise as a result of a multi-jurisdictional investor base, cross border transactions or assets held in underlying portfolios which are denominated in a different currency to the base currency of the fund.

On 25 June 2020, new legislation came into force in the UK which makes it much more difficult for suppliers to terminate contracts where the customer is subject to an insolvency procedure. In this briefing, we highlight the key issues that both suppliers and customers should be aware of and consider whether you should amend termination provisions in new contracts.

Travers Smith LLP has advised S⁴Capital plc on a very successful £116 million equity fundraising and new £39 million revolving credit facilities with Barclays, Credit Suisse and JP Morgan. The equity fundraising was priced at the highest price the shares have ever traded and was over twice oversubscribed.

The CJEU has released its judgment in the long running Max Schrems/Facebook Ireland story. We explain what the case is about and why it's important.

On 11 May 2020 the Government published practical guidance¹ for employers on how to keep their workforce safe by implementing safety measures differentiated according to the activities undertaken, the physical spaces occupied by, and the demographic risk profiles associated with, relevant employees. Furthermore, in June 2020 the Government set out a timeline for retail stores to reopen² which as of 4 July 2020 has been extended to include a set of further easements to other businesses and venues in the hospitality, personal care, accommodation and leisure space.

Travers Smith LLP has advised long-standing client TA Associates on its acquisition of a significant minority interest in IFS, an Illinois-based global enterprise software provider, alongside EQT Funds VIII and IX on a transaction which exceeds EUR 3 billion in aggregate.

Travers Smith LLP has advised long-standing client Kester Capital LLP (Kester Capital) and its portfolio company, Frontier Medical, on the sale of its Infection Prevention business in a carve-out to Vernacare, backed by H.I.G Capital.

With the Brexit transition period due to expire on 31 December 2020, there is not much time left to prepare.

As a result of the COVID-19 pandemic the supply of goods or services to public bodies under existing contracts has in certain cases needed to be reduced, interrupted or adjusted due to, for example, supply chain issues, a drop in demand or incapacity to fulfil the contract due to UK government restrictions in place. As the UK government turns towards its recovery strategy, we look at: how public bodies might deal with risks to continuity of supply of critical services, and begin the transition towards new, sustainable, operating models; and how this might impact suppliers.

In this In Practice article Finance partner Charles Bischoff and Senior Associate Tom Maclean examine the impact of COVID 19 on lenders and borrowers in the speciality finance space. 

The new Off-Payroll Working Rules (the 'New Rules') will come into effect from 6 April 2021. Organisations engaging the services of workers through intermediaries both directly as well as through agencies, will have greater administrative and financial burdens under the New Rules.

The new Off-Payroll Working Rules (the 'New Rules') will come into effect from 6 April 2021. Organisations engaging the services of workers through intermediaries both directly as well as through agencies, will have greater administrative and financial burdens under the New Rules.

The European Green Deal, announced by the European Commission in December 2019, commits the EU to becoming climate-neutral by 2050 whilst promising to help companies to become world leaders in clean products and green technologies. The ambitious and wide-ranging measures set out in the plan are aimed at achieving significant reductions in carbon emissions and a net zero target will be given legislative force in a new Climate Law.

INvolve, a global consultancy championing diversity and inclusion in business, has unveiled the EMpower Ethnic Minority Role Model Lists 2020.

On 9 July 2020, the Office of Gas and Electricity Markets ("Ofgem") published their consultation on the draft determinations on the RIIO-2 Framework for the setting of price controls for the gas and electricity networks in Great Britain.

Key employment and business immigration developments for employers.

This briefing was updated on 3 March 2021.

On 8^th July the Chancellor delivered a "Plan for Jobs" aimed at stimulating the British economy, in particular the flagging hospitality sector and lacklustre housing market.