Travers Smith LLP has advised Inflexion Private Equity on their investment in aosphere, a legal and compliance data subscription platform. As part of the transaction, Inflexion's Partnership Capital II fund will make a strategic investment alongside Allen & Overy ("A&O") and Endicott Capital, a US-based investor specialising in the information services industry.
aosphere serves over 725 blue-chip clients including banks, asset managers and corporates, providing online legal analysis on a subscription basis across a range of key compliance topics in complex areas such as financial derivatives, shareholder disclosure requirements, cross-border marketing, and data privacy. The platform creates efficiencies for users by providing standardised legal analysis on complex and multi-jurisdictional regulatory areas, maintaining up-to-date, high quality information working with local counsel across the globe.
David Whileman, Partner and Head of Partnership Capital at Inflexion commented,“The sector is one we’ve tracked for some time as heightened regulatory scrutiny and complexity have led to growing demand for efficiency and thus outsourcing in legal spend. We have been very impressed by what Marc-Henri and his team, with the support of A&O, have built. The quality of aosphere’s offering and its reputation in the market are truly unique. We see incredible potential in continuing to expand the platform and are excited to partner with Marc-Henri and A&O to continue this journey together.”
The Travers Smith team was led by Private Equity & Financial Sponsors Partners Tom Hartwright and Adam Orr, with support from Senior Associates Matt Powrie and Eric Van Winssen and Associates Nehemiah Odunlami, Tiarnan McKeown and Victoria Alvarez-Rendueles, and Trainee Wilf Brunt. Specialist advice was provided by Tax Partner Simon Skinner and Senior Associate Joseph Sheldrick and Associate Amy Broderick. Commercial advice was provided by Technology & Commercial Transactions Partners Dan Reavill and James Longster, Senior Associates Andy Maxwell and Glen Evans and Associate Sarah Clouston. Operational Risk & Environmental advice was provided by Senior Counsel John Buttanshaw, Senior Associate Harrie Narain and and Associate Fergus Crutchley, with Employment advice provided by Partner Ailie Murray, Senior Associate Matthew Davis and Associate Holly Robson.
