Travers Smith has advised Investec on the cash confirmation of the recommended £191m takeover bid of N Brown Group plc by Falcon 24 Topco Limited, a company owned and controlled by Joshua Alliance.
N Brown Group is a top-10 UK multi-channel fashion retailer that offers clothing, footwear and homeware products. The group has been supported by the Alliance Family for over half a century by providing capital and participating in the strategic leadership of the business.
The Travers Smith team on this transaction was led by Senior Partner Andrew Gillen, assisted by Senior Associate James Addison and Associate China Walters. Finance advice on the deal was provided by Senior Consultant Andrew Gregson.
This transaction is just one of a number of recently announced or completed public takeovers led by the Travers Smith team, including the offers for Tyman, Lok'nStore, DWF, EMIS, Numis, Medica, Devro, Ideagen, Forward Partners, Brewin Dolphin, Xpediator, Cenkos, Blancco Technology, Crestchic and Adept Technologies. Our team also worked with Investec last year on the cash confirmation of DBAY's takeover bid for Finsbury Food Group plc.
The Travers Smith Corporate team notably advised on just under 20% of all UK public bids made in 2023.