Travers Smith LLP has advised long-standing client Horizon Capital and other selling shareholders on the sale and reinvestment in AgriBriefing with financing from funds managed by Ares.
Based in the UK, the US, France and the Netherlands, AgriBriefing is a premium data provider in the agricultural industry with leading commodity price reporting agencies (Feedinfo and Urner Barry), large exhibitions and conferences (LAMMA, CropTec and the Global Protein Summit) and other information services (Farmers Guardian, Foreign Trade Data, Agrimoney and Seafood News).
The Travers Smith team was led by Private Equity & Financial Sponsors Head Paul Dolman assisted by Senior Associate Sally Hirst and Associate Shannon Anstee with Private Equity & Financial Sponsors Partner Ian Keefe and Associate James Sherlock advising on the reinvestment. The team also included Tax Partner Russell Warren assisted by Associate Thomas Margesson, Finance Partner Donald Lowe assisted by Senior Associate Fiona Swords and Competition Partner Stephen Whitfield assisted by Senior Associate Paul McComb and Associate Bix Gould.
The transaction is set to complete in June 2019.