Travers Smith LLP has advised Investec Growth & Leveraged Finance on bilateral senior debt facilities to support August Equity's investment in StarTraq Limited (StarTraq), a leading compliance software business.
StarTraq is the market leader in offence processing software. It has long standing relationships with police and local authorities in the UK, and a growing international footprint. It provides cloud solutions that automate back-office processes including the processing of traffic violations, permit offences, permit applications, and environmental offences.
This financing will enable StarTraq continue to invest in the organic growth of the business, alongside targeted M&A into new geographies and adjacent end markets.
The Travers Smith team was led by Finance Partner Katie McMenamin, Senior Associate Jason Larkins, and Associates Fiona Cantlay and Katchenin Kone.