Travers Smith LLP has advised longstanding client Benchmark Holdings plc (Benchmark) on the financing elements of the sale of its genetics business area to Starfish Bidco AS, a wholly owned subsidiary of Novo Holdings A/S.
The Transaction represents an enterprise value of £260 million, comprising an initial consideration of £230 million and contingent consideration of up to £30 million.
The Travers Smith team was led by Finance Partner Donald Lowe, supported by Senior Associate Jody Coleman, Associates Jagoda Kochan and Atul Diwakar, and Trainee Jamie Coupland.
