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.
Today has seen the successful launch of a new payment system for processing cheques and similar payment instruments in the UK – the Image Clearing System (the ICS). The ICS is operated by Travers Smith's long-standing client, the Cheque & Credit Clearing Company Limited (the C&CCC).
Travers Smith LLP has advised the WiggleCRC group, majority owned by private equity firm Bridgepoint, on its acquisition of Bike24 from Riverside, a global private equity firm.
Travers Smith LLP has advised Numis Securities Limited in its capacity as sponsor, financial adviser and joint bookrunner and Panmure Gordon (UK) Limited in its capacity as joint bookrunner in connection with the £55.9 million placing of new shares by Hilton Food Group plc in connection with its acquisition of Icelandic Group UK Limited for £80.8 million.
Travers Smith LLP has advised Kester Capital LLP on the management buyout of CETA Insurance, a privately owned tech-enabled insurance broker.
Travers Smith LLP has advised long-standing client Safestore Holdings plc on its £56 million acquisition of Stork Self Storage (Holdings) Limited (trading as Alligator Self Storage) from a company controlled by funds managed or advised by York Capital Management.
Travers Smith LLP has advised longstanding client ZPG plc on its up to £140 million acquisition of financial services price comparison business Money, the operator of the money.co.uk website.
Travers Smith LLP has advised its long-standing client Micro Focus International plc ("Micro Focus"), the global enterprise software company, on its $US 8.8 billion merger with Hewlett Packard Enterprise's ("HPE") software business segment ("HPE Software") and the return of value to Micro Focus shareholders of approximately $500 million.
Travers Smith LLP has advised Numis Securities Limited in its capacity as sponsor in connection with the combination of AVEVA Group Plc with the Schneider Electric industrial software business to create a global leader in engineering and industrial software.
Randhawa & Anor v Turpin & Anor [2017] EWCA Civ 1201
In a fascinating (and very readable) judgment, the Court of Appeal has held the appointment of joint administrators made under paragraph 22 of Schedule B1 to the Insolvency Act 1986 ("IA 1986") to be invalid because, among other things, the appointment was made following an inquorate board meeting. Readers are encouraged to read the judgment, as the following is merely an overview of the facts and conclusions.
SAW (SW) 2010 Ltd & Anor v Wilson & Ors [2017] EWCA Cif 1001 (25 July 2017)
Travers Smith LLP has advised the trustee of the British Steel Pension Scheme on the separation of the scheme from Tata Steel.
Travers Smith LLP has advised longstanding client Lyceum Capital, a leading investor in UK B2B services and technology companies, on its investment in Churchesfire in an off-market deal valued at over £40 million. Lyceum Capital has acquired a majority stake in Churchesfire investing alongside management.
Travers Smith LLP has advised Graphite Capital (Graphite) on its acquisition of Random42, a medical animation producer, from Vespa Capital (Vespa). Graphite has acquired a majority stake in the group alongside management.
Travers Smith LLP has advised Goodbody Stockbrokers UC on its successful application as an FCA-approved sponsor.
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 longstanding client Safestore Holdings plc on the refinancing of its debt on improved terms.