Trustees of Lehman Brothers Pension Scheme in £675m bulk annuity deal with Rothesay Life
Transaction highlights:
Zoopla acquires uSwitch
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.
$200m IPO of Ranger Direct Lending Fund Plc
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.
Pinewood Group raises £30m, with new bank facilities of up to £135m
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.
Pace sells to Arris for $2.1b
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.
Travers Smith Advises Management on the £1.2 billion Sale of BCA to Haversham Holdings
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.
Travers Smith advises Hellman & Friedman on the sale of SSP in secondary buy-out
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.
Revolution Bars Group plc goes for IPO
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.
Travers Smith advises management on acquisition of Big Bus Tours by Exponent
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.
Travers Smith helps Stena Line achieve landmark ruling in Merchant Navy Ratings Pension Fund litigation
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.
Travers Smith advises NewSmith LLP on sale of asset management business to Man Group PLC
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.
3i Group plc invests in Aspen Pumps
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.
Lyceum Capital sells Synexus in secondary buy-out
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.
Travers Smith appoints first dedicated Corporate Social Responsibility and Diversity Manager
Travers Smith LLP has announced the recruitment of Chris Edwards as the firm’s first dedicated Corporate Social Responsibility and Diversity Manager. Chris joins Travers Smith from Stonewall and brings with him a wealth of valuable experience.
Travers Smith advises Bridgepoint Development Capital on 40% stake in MVF
A Travers Smith team led by private equity partner Helen Croke has advised Bridgepoint Development Capital on its investment in MVF, a UK technology company which specialises in online customer acquisition and lead generation.
Travers Smith successfully appeals decision for former directors of collapsed Weavering Macro Fixed Income Fund Limited
Travers Smith's dispute resolution team has overturned the $111m judgment against Stefan Peterson and Hans Ekstorm, former directors of Weavering Macro Fixed Income Fund Limited, in the Cayman Islands appeal hearing of the landmark hedge fund litigation case.
Travers Smith advises Exponent on the sale of Trainline
Travers Smith LLP has advised private equity firm Exponent and other shareholders on the sale of Trainline to Kohlberg Kravis Roberts (KKR), a US-headquartered investment firm.
Travers Smith advises Bridgepoint on the acquisition of Zizzi and ASK
Travers Smith LLP has advised the leading European private equity firm Bridgepoint on the acquisition of ASK Italian and Zizzi restaurants from private equity house Cinven.
Travers Smith advises management on the sale of Eversholt Rail Group
Travers Smith LLP is advising management on the sale of Eversholt Rail Group, one of the three leading rail rolling stock companies in the UK, to CK Investments, a company jointly owned by Cheung Kong Infrastructure and Cheung Kong (Holdings).
Travers Smith advises on sale of Bridge Leisure
A Travers Smith team led by head of private equity, Paul Dolman has advised the selling shareholders of UK holiday park operator, Bridge Leisure, on the sale of its business to UK mid-market private equity firm Phoenix Equity Partners ("Phoenix").