Press Releases

19 May 2015

Travers Smith advises Kings Park Capital LLP on the acquisition of a majority stake in Specialist Tours Limited

A Travers Smith team led by head of private equity, Paul Dolman has advised long standing client Kings Park Capital LLP (“KPC”) on the acquisition of a majority stake in Specialist Tours Limited (“STL”), a niche multi-brand tour operator.

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15 May 2015

Travers Smith appoints seven new partners

Travers Smith LLP has announced today the promotion of seven lawyers to its partnership, effective 1 July 2015. The new promotions demonstrate the firm’s commitment to growth and include appointments across a number of practice areas including private equity, corporate finance, pensions, investment funds and tax.

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12 May 2015

Travers Smith advises Warburg Pincus on EU-wide regulatory and environment law aspects of its investment into healthcare and biotechnology company, Sterigenics

A Travers Smith team led by Head of Environment & Operational Regulatory, Doug Bryden, advised Warburg Pincus, alongside Clearly Gottlieb, on the acquisition of a majority stake in STHI Holdings, Inc., the holding company of Sterigenics, from private equity house GTCR.

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07 May 2015

Travers Smith advises Bridgepoint on the debt financing aspects of the acquisition of a majority stake in Nordic Cinema Group

Travers Smith LLP has advised Bridgepoint, the leading European private equity group, in connection with the debt financing aspects of their acquisition of a majority stake in Nordic Cinema Group (NCG). Bridgepoint has acquired NCG from Ratos AB and Bonnier Holding in a transaction totalling SEK 4.7 billion (EUR 501.7 million).

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01 May 2015

Travers Smith advises Zoopla on the acquisition of uSwitch

Travers Smith LLP has advised new client Zoopla, the UK's most comprehensive property search website, on the acquisition of price comparison website uSwitch from LDC and certain management sellers for up to £190m.

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29 April 2015

Travers Smith acts on the $200 million IPO of Ranger Direct Lending Fund Plc

Travers Smith LLP has acted as English and US counsel to new investment trust Ranger Direct Lending Fund plc (the "Fund") in connection with its initial public offering.

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27 April 2015

Travers Smith advises Pinewood Group on £30 million fund raise and new bank facilities of up to £135 million

Travers Smith LLP has advised its long-standing client Pinewood Group plc on a fund raise of £30 million through a placing of new ordinary shares with institutional and other investors, which completed on 17 April 2015. In addition, Pinewood has agreed new bank facilities of up to £135 million with Lloyds Bank plc, The Royal Bank of Scotland plc, HSBC Bank plc and Barclays Bank plc.

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23 April 2015

Travers Smith advises Pace on US $2.1 billion sale to Arris

Travers Smith LLP has advised long-standing client Pace, the UK provider of broadband and pay TV technology, on its combination with Arris, a US-based broadband media technology company. The US $2.1billion (£1.4 billion) transaction will be effected through a scheme of arrangement. The new holding company of the enlarged group will be listed on the NASDAQ stock exchange. Pace shareholders will receive cash and stock in the new holding company, which is incorporated in England and Wales. The transaction is subject to a number of conditions and is expected to close in late 2015.

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27 March 2015

Travers Smith Advises Management on the £1.2 Billion Sale of BCA to Haversham Holdings

A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the proposed sale of British Car Auction ("BCA"), Europe's largest used-vehicle marketplace, to Haversham Holdings ("Haversham"), the publicly listed investment vehicle, in a transaction valued at approximately £1.2 billion. Shareholders of BCA will receive £701 million in cash and £104 million in stock. The transaction is conditional on, amongst other things, Haversham's share placing becoming unconditional and is expected to close in early April.

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