Travers Smith LLP is advising Ideagen plc on its recommended £1.058bn takeover offer by Rainforest Bidco Limited, a company indirectly controlled by funds managed by Hg Pooled Management Limited (“Hg”), announced on 9 May 2022 (the "Hg Offer").
Ideagen, listed on the London Stock Exchange AIM market (Ticker: IDEA.L), is a leader in the +$30 billion regulatory and compliance software sector. The Hg Offer is currently expected to complete during July 2022.
The Travers Smith team is led by Corporate Partner Richard Spedding, supported by Senior Associate Graeme Earle, Associate Virginia Holdenson and Trainee Haroon Zaman. The team also included Head of Incentives & Remuneration Mahesh Varia, supported by Senior Associate Claire Prentice and Associate Hugo Twigg, with merger control/NSIA support from Head of Competition Nigel Seay and Senior Associate Richard J. Brown.
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