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.
Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on the provision of a unitranche facility provided to Queen's Park Equity (QPE) in relation to its acquisition of YayYay Limited (YayYay).
Travers Smith has advised Silicon Valley Bank on multiple senior annual recurring revenue (ARR) loans provided in connection with Battery Ventures' (Battery) recent investments in German technology companies, including the acquisitions of Proemion, Vimcar and Avrios.
Travers Smith LLP has advised longstanding client Inflexion on the acquisition of a majority stake in dss+ from Gyrus Capital.
In this briefing we explore the risk that a lender might renege (voluntarily or involuntarily) on its funding commitments. We touch on the different types of lender entities in the market currently and examine why there are often different reasons behind such a failure to fund.
Writing for the Journal of International Banking & Financial Law, Head of Leveraged Finance, Matthew Ayre, and Senior Associate, Jason Larkins, take a look at the key features of recurring revenue transactions in the UK and European markets, including who they are for, how they work and evolving trends.
Travers Smith were delighted to advise leading marketing data and analytics company, Kantar Group, on its agreement to acquire Qmee, a UK-based app survey platform and fraud prevention technology provider, from private equity fund manager, Capital D.
Finance Partner, Ben Thompson, has authored a chapter titled, ‘Core-Plus Infrastructure and Leveraged Financing: The Continued Convergence of Terms’, in the latest edition of 'The International Comparative Legal Guide - Lending & Secured Finance 2022'.
Travers Smith LLP has advised long-standing client Inflexion on the separate acquisition financings of Astrak, a European specialist distributor of parts for construction equipment and enviolo, a specialist in the e-bike components market.
Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on the provision of a unitranche facility to Alcuin Capital Partners (Alcuin) in relation to its investment in the Management Buy Out of TuffX Glass, a market-leading bespoke toughened glass processor specialising in the residential sector.
Travers Smith LLP has advised its long-standing client Equistone Partners Europe Limited in relation to its investment in the adm group of companies.
Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on a bespoke unitranche facility provided to technology implementation and services business, Codestone. This funding will be used to pursue significant acquisitions and to continue investing in strong organic growth.
Travers Smith LLP has advised longstanding client TA Associates (TA) on debt facilities made available in connection with its acquisition of a majority stake in InCorp Global (InCorp), a leading corporate services provider in Asia.
Travers Smith LLP has advised Horizon Capital (Horizon) on the £75 million refinancing of its portfolio company, Churches Fire (Churches), a Southampton-based provider of fire safety and security compliance services.
In this feature article Finance partner Donald Lowe and Associate Michael Leadbeater examine the process of establishing an incremental facility using the steps prescribed by the Loan Market Association’s (LMA) template wording and consider whether it represents common practice in the mid-market.
Travers Smith LLP has advised HSBC on senior debt facilities made available to finance CBPE Capital's acquisition of Aquaspersions from the founding family shareholders. CBPE is investing alongside the management team led by CEO, Alan Bewsher.
Travers Smith LLP has advised Apera Asset Management (Apera), a pan-European mid-market private debt investor, on debt facilities made available to support the refinancing and the ongoing buy and build strategy of TC Group, a leading business services firm specialising in a wide range of accountancy and other financial planning services.
Travers Smith LLP has advised Shawbrook Bank on the provision of a unitranche facility to Graphite Capital in relation to its acquisition of Ten10, a leading independent quality engineering and software testing consultancy, from Livingbridge.
Travers Smith LLP has advised Shawbrook Bank on the provision of a unitranche facility to an SPV owned by funds advised by Westbridge Fund Managers Limited (WestBridge) in relation to its investment in Bespoke Health & Social Care Limited.
This briefing note is informed by analysis of the transactions on which we advised during 2018, together with other publicly reported transactions and market data.
In this In Practice article Donald Lowe, Fiona Swords and Michael Leadbeater examine the rising use of liquidity tests to help parties navigate the difficult financial conditions prompted by the COVID-19 pandemic.