Travers Smith has advised international data security company Blancco Technology Group plc on its £175m cash takeover offer by White Bidco Ltd, a vehicle of funds managed by US private equity firm Francisco Partners.
Blancco, a carbon-neutral supplier, provides organisations with secure, compliant, and automated solutions that accelerate the transition to the circular economy. Each year, tens of millions of Blancco erasures allow top-tier organisations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. Their precise device diagnostics help move used IT assets confidently into the circular economy, enabling enterprises, IT asset disposition (ITAD) vendors and recyclers, and mobile industry stakeholders to operate more sustainably.
The Travers Smith team was led by Corporate Partner Adrian West and Director Neal Watson, supported by Senior Associate James Addison and Associate Virginia Holdenson. Additional support was provided by our Incentives & Remuneration team, headed by Partner Mahesh Varia, who was supported by Associate Natalie Paddock.
This transaction is just one of a number of recently announced or completed takeovers worked on by the Travers Smith team, including the offers for EMIS, Medica Group, Numis, Cenkos, Devro, Crestchic, Ideagen, Adept Technologies, Brewin Dolphin and Xpediator.
