In the tenth announced public takeover that Travers Smith has advised on in 2023, the firm has advised AIM-listed venture capital firm Forward Partners plc on its recommended all-share acquisition by Main Market and Euronext Dublin-listed Molten Ventures plc, a leading venture capital firm investing in and developing high growth digital technology businesses. The offer values Forward Partners at £41.4m.
Providing pre-seed and seed venture capital funding, the Forward Partners Group focuses on investments in applied AI, marketplaces and alternative assets. Forward Partners' portfolio consisted of 43 active companies as at 30 June 2023, including Gravity Sketch, Robin, Spoke, OutThink and Ably.
The Travers Smith team was co-led by Corporate Partners Jon Reddington and Adrian West, and also included Associate Gareth Atkins. Incentives & Remuneration advice was provided by our Head of Incentives & Remuneration Mahesh Varia, with support from Senior Associate Tom Leatherby. A team led by Kristian Rogers at Gowling WLG acted for Molten Ventures plc.
This transaction is just one of a number of recently announced or completed public takeovers worked on by the Travers Smith team, including the offers for DWF, EMIS, Numis, Medica, Devro, Ideagen, Brewin Dolphin, Xpediator, Cenkos, Blancco Technology, Crestchic, Adept Technologies, Smoove (advising Numis) and Finsbury Food Group (advising Investec).
