Travers Smith LLP has advised Luxembourg-based H&F Wings Lux 1 S.à r.l ("H&F") on the disposal of the remainder of its stake in Hostelworld Group plc, the world's leading hostel-focused online booking platform.
H&F sold its ordinary shares, alongside sales of ordinary shares by other shareholders, via an accelerated bookbuild managed by Numis. The placing shares were placed at a price of 260 pence per share, raising aggregate gross proceeds of approximately £61m.
The Travers Smith team advising H&F was led by corporate partner Adrian West, who was assisted by senior counsel Dan McNamee and associate Stephanie Poulier.