<p>Filter Knowledge</p>

All eyes will be on the Supreme Court next week, as appeals in the lead motor finance commission cases, Johnson, Wrench and Hopcraft^[1], will be heard over three days from 1-3 April 2025.  

Travers Smith LLP has advised Crossbay on its latest UK acquisition of the 65,000 sq ft single-let warehouse from abrdn, taking its UK portfolio to over 1m sq ft. 

Travers Smith LLP has advised Riviera Travel ("Riviera"), backed by Silverfleet Capital ("Silverfleet"), on the refinancing of its debt facilities. The new five-year, £125 million unitranche facility is provided by H.I.G.

Travers Smith LLP has advised long-standing client Canaccord Genuity Wealth Management ("Canaccord") on its credit arrangements to support its acquisition of Brooks Macdonald Asset Management (International) Limited from Brooks Macdonald Group plc.

Travers Smith LLP has advised Auction Technology Group PLC (ATG) on the $200 million refinancing of its Senior Term and Revolving Credit Facilities. 

Travers Smith has advised Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear, accessories and apparel, on a definitive agreement to acquire UK-based Kurt Geiger from a group led by Cinven for an enterprise value of approximately £289m in cash.

This article was first published in the January 2025 issue of Butterworths Journal of International Banking and Financial Law.

This article, authored by international secondee Pascal Urban from Gleiss Lutz, was first published in the January 2025 issue of Butterworths Journal of International Banking and Financial Law. The author thanks James Bell, Knowledge Counsel in the Finance Department at Travers Smith LLP, for his helpful assistance on this article.

Travers Smith LLP has advised longstanding client Inflexion on the financing of its strategic minority investment in Baker Tilly Netherlands, a leading accountancy and advisory firm.

Travers Smith LLP has advised AIM-listed GlobalData Plc (GlobalData), a leading data, analytics, and insights platform, on £340 million of new debt facilities. 

Head of Finance Charles Bischoff, Partners Danny Peel and Laura Smith, and Senior Associate Adam Burk have authored a chapter on rated subscription lines in the latest edition of Global Legal Insights' annual fund finance publication. In this chapter they consider the elements of fund and finance documentation that are likely to be in focus when assigning credit ratings, and explore what their application may mean for the fund finance market in the medium to longer term.

Travers Smith LLP has advised Greystar on its successful acquisition of two purpose-built student accommodation (PBSA) assets from "The Neighbourhood".

In difficult economic times, company boards (both public and private) are under increasing pressure to demonstrably deliver maximum value for shareholders. One method of unlocking hidden value, particularly in larger corporate groups, is by undertaking a 'carve-out' transaction and creating a win/win for Buyer and Seller.

Travers Smith LLP has advised Bridgepoint Credit on the financing of ECI Partners' acquisition of Insurance Insider, a leading digital platform that provides insights and analysis for the world’s top insurers, distributors, service providers, and investors. 

Travers Smith LLP has advised EMK Capital (EMK) on the financing of its investment in engineering firm MARCH, as part of the sale from Aliter Capital.

Travers Smith has advised Safestore Holdings plc, a long-standing client and one of Europe's largest owners and operators of self-storage with properties in the UK, France, Netherlands, Spain and Belgium, on its 50/50 joint venture with Nuveen, a leading global asset manager, to acquire Easybox, Italy's second largest self-storage operator by number of stores, for €175m.

Travers Smith is pleased to have advised DBAY Advisors, an international asset management firm which manages a range of funds and investment vehicles for endowments, foundations and other institutional investors, and Aegros Bidco Limited, on the recommended cash offer for Alliance Pharma plc, valued at approximately £350 million.

Travers Smith LLP has advised long-standing client Inflexion on the financing of its acquisition of Finanzen.net, a digital broker and financial information portal in the DACH region, alongside the founders. The business will be acquired from transatlantic media company Axel Springer. 

Travers Smith's Specialty and Structured Finance team were among the more than 1,200 registered delegates at DealCatalyst's ABSF Global Conference at the Royal Lancaster on Monday 25 November 2024.

As alternative lenders scale, most will move from corporate facilities and overdrafts on bank standard forms to consider a "specialty finance" facility.