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's asset management team won awards for its expertise in both Fund Finance and Tax at the annual Drawdown Awards yesterday evening - reflecting that the team continues to lead in its tactical and technical advice to the industry.
In their recent "In Practice" article, What can a borrower do when a lender fails to fund?, Donald Lowe and James Bell examine market standard provisions designed to mitigate the risk posed by so called "Defaulting Lenders" and explore the options for a Borrower faced with a Lender that is unable to honour its lending commitments. This article was first published in the May 2023 issue of Butterworths Journal of International Banking and Financial Law.
Travers Smith LLP has advised Shawbrook Bank on a speciality finance facility, including a multi-million pound revolving credit facility, to real estate lender Zenzic Capital.
Travers Smith LLP has advised longstanding client Investec Growth & Leveraged Finance on senior debt facilities to support Cairngorm Capital Partners LLP (Cairngorm Capital) with the financing of portfolio company Verso Wealth Management (Verso).
Travers Smith LLP has advised HSBC UK Bank (HSBC) on the financing of CBPE Capital's (CBPE) investment into accountancy firm Berg Kaprow Lewis (BKL).
Travers Smith LLP has advised Silicon Valley Bank UK on a senior strategic facility in connection with Battery Ventures' (Battery) investment in Skalar Analytical B.V. (Skalar).
Travers Smith LLP has advised Allianz, Carlyle and MetLife a €370 million private placement for Igneo Infrastructure Partners' (Igneo) refinancing of Spanish car park operator Parkia.
Travers Smith LLP has advised long-standing client Shepherd Neame on the refinancing of its debt facilities.
We are increasingly seeing requests from borrowers to carve-out assets from the scope of a lender's otherwise all asset English security package. Whilst there may be commercially sensible reasons for this request, lenders should be aware of the potential impact on their enforcement rights before agreeing to this.
Travers Smith LLP has advised shareholders Basalt Infrastructure Partners (Basalt) and Fiera Infrastructure (Fiera) on the refinancing of UK ferry operator Wightlink.
Travers Smith LLP has advised DIF Capital Partners (“DIF”) on its investment in Pinnacle Power Limited, a leading UK district heating platform. We advised DIF on the terms of the acquisition through which DIF will control a significant majority in the company, with the management team retaining a minority stake.
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 LLP has advised its long-standing client and experienced infrastructure investor Ancala Partners LLP ('Ancala'), on the acquisition of a significant majority stake (75%) in the Fjord Base Group (‘Fjord Base’).
Travers Smith LLP has advised long-standing client Ancala Partners LLP (Ancala), the critical mid-market infrastructure investor, on the €136.2 million acquisition of aerial emergency services businesses from Babcock International Group plc (Babcock) in Italy, Spain, Portugal, Norway, Sweden and Finland.
This briefing was first published on 3 March 2021 and updated on 14 March 2023.
Travers Smith LLP has advised on the carve-out of 20-20 Trustees (20-20) from Broadstone, a portfolio company of Intermediate Capital Group (ICG) and the merger of 20-20 with Punter Southall Governance Services (PSGS) to form Vidett. The combined business is backed by ICG and Punter Southall.
Travers Smith LLP has advised NatWest on a £95 million debt facility provided to motor finance fintech Carmoola. The funding will be deployed to continue to scale the business and support the customer adoption that Carmoola has seen since launching ten months ago.
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 the Wavenet Group and MPRC Europe Limited on the proposed acquisition of AdEPT Technology Group plc, one of the UK's leading independent providers of managed services for IT, unified communication, connectivity, voice and cloud services.