Press Releases

15 October 2014

Travers Smith advises management on the sale of Bridon to Ontario Teachers' Pension Plan

A Travers Smith team led by senior partner Chris Hale have advised management on the sale of Bridon Limited by Melrose Industries PLC to Ontario Teachers' Pension Plan (the largest single-profession pension plan in Canada) for an amount in the region of £365 million.

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09 October 2014

Travers Smith advises long standing clients Silverfleet Capital and the founder shareholders on the sale of Aesica Pharmaceuticals

A Travers Smith team led by private equity partner Helen Croke advised long standing clients Silverfleet Capital, and the founder shareholders of Aesica Pharmaceuticals Limited, on the proposed sale of Aesica to Consort Medical plc for £230 million.

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06 October 2014

Travers Smith advises management on acquisition by GIC of a strategic stake in RAC

A Travers Smith team have advised management on the acquisition by GIC, Singapore’s sovereign wealth fund, of a stake in UK roadside recovery group RAC. The transaction sees GIC and The Carlyle Group jointly owning a majority stake in the business with RAC management holding the remaining shares.

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16 September 2014

Travers Smith advises Micro Focus on the merger with the Attachmate Group

Travers Smith has advised international software and application management solutions group Micro Focus on its proposed merger with the Attachmate Group, a global provider of enterprise infrastructure software solutions.

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11 September 2014

Travers Smith advises management on the sale of Keepmoat to Sun Capital and TDR Capital

A Travers Smith team led by private equity partner James Renahan and senior associate Matthew Kichenside have advised management on the sale of Keepmoat. Sun Capital and TDR Capital have agreed to buy the Doncaster-based homebuilder and provider of social housing for a reported £400 million. Completion is expected to occur by the end of November 2014 and is subject to regulatory clearances.

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10 September 2014

Travers Smith advises Estover Energy on equity investment by John Laing and UK Green Investment Bank in 74 million pounds Speyside CHP project

A Travers Smith team led by corporate partner William Howard has advised existing client Estover Energy in connection with the equity investment by John Laing and UK Green Investment Bank in a new biomass Combined Heat and Power (CHP) plant in Speyside, Scotland which has been developed by Estover.

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08 September 2014

Travers Smith advises Patron Capital on the sale of Gracewell Healthcare and formation of partnership with Health Care REIT

A Travers Smith team, led by real estate partner Simon Rutman and corporate partner Edmund Reed, has advised Patron Capital, the pan-European institutional investor focused on property-backed investments, on the sale of Gracewell Healthcare. The company and its portfolio of 11 seniors housing communities was acquired for £153 million by Health Care REIT (NYSE: HCN), an Ohio-headquartered real estate trust, which invests across the spectrum of senior housing and health care real estate. The management company was acquired by Sunrise Senior Living, which provides resident-centre care services, in the US, UK and Canada.

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05 August 2014

Travers Smith acts for Bridgepoint Development Capital on the sale of The Energy Solutions Group

Helen Croke and Ian Keefe have advised long standing client Bridgepoint Development Capital (BDC), a major international private equity group, and other shareholders, on the sale of The Energy Solutions Group (ESG) to SSE plc for £72 million.

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05 August 2014

Travers Smith acts for Paragon Offshore plc on $1bn demerger from Noble Corporation

Travers Smith LLP has advised Paragon Offshore plc and Noble Corporation plc on the creation of Paragon and its demerger from Noble Group, which became effective on 1 August 2014. Paragon is listed on NYSE. Trading in its shares commenced on 4 August 2014.

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30 July 2014

Travers Smith acts on IPO of easyHotel

Corporate partner Richard Spedding advised Investec Bank plc on the £30m AIM IPO of easyHotel plc.

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