Travers Smith LLP has advised HSBC UK Leveraged Finance on the financing of LDC's significant investment into 15below, a specialist software developer in passenger communications for the travel industry.
15below supports more than 60 airlines, rail operators, travel agencies and travel management companies worldwide, as well as being the strategic partner to global airline software systems providers. Employing people across the UK, Australia, India, Germany and Turkey, the business has grown rapidly in recent years as travel companies continue to invest and enhance the personalised service they provide to customers.
The investment from private equity investor LDC will support 15below as it embarks on its five-year growth strategy, which will include investments and further development in proprietary technology to support existing and new clients.
The Travers Smith team was led by Head of Leveraged Finance Matthew Ayre, supported by Senior Associate Michael Leadbeater, Associate Eilidh McTavish and Paralegal Victoria Falzon.
