Press Releases

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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17 March 2015

Travers Smith advises Hellman & Friedman on the sale of SSP in secondary buy-out

A Travers Smith team led by head of private equity, Paul Dolman, has advised Hellman & Friedman on the sale of SSP, a global insurance technology business, in a secondary buy-out backed by Lloyds Development Capital and Scottish Equity Partners.

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16 March 2015

Travers Smith advises on the IPO of Revolution Bars Group plc

A corporate and tax team, led by corporate partner Adrian West and tax partner Kathleen Russ have advised the management of Revolution Bars Group plc on the initial public offering of the Company on the Official List. At Admission, Revolution Bars will have a market cap of £100 million.

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25 February 2015

Travers Smith advises management on acquisition of Big Bus Tours by Exponent

A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the acquisition of Big Bus Tours by Exponent. The transaction sees Exponent agree to acquire a majority stake in the UK-based global sightseeing bus tour operator.

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25 February 2015

Travers Smith helps Stena Line achieve landmark ruling in Merchant Navy Ratings Pension Fund litigation

The High Court has today ruled that the trustee of the Merchant Navy Ratings Pension Fund can implement its proposed new funding regime requiring former employers to contribute towards the deficit.

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