Press Releases

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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24 February 2015

Travers Smith advises 3i Group plc on their investment in Aspen Pumps

A Travers Smith team, led by private equity partners Lucie Cawood and James Renahan, has advised long standing client 3i Group plc ("3i") on their investment in Aspen Pumps in a transaction valued at £105 million.

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24 February 2015

Travers Smith advises Newsmith LLP on sale of asset management business to Man Group plc

A Travers Smith team led by senior partner, Chris Hale and corporate senior associate Will Yates has advised NewSmith LLP ("NewSmith") on the sale of its asset management business to Man Group PLC ("Man Group") for an undisclosed sum. The acquisition is expected to complete in the second quarter of 2015, subject to regulatory and other approvals.

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24 February 2015

Travers Smith advises Lyceum Capital on the sale of Synexus in secondary buy-out

A Travers Smith team led by head of private equity, Paul Dolman and private equity senior associate, Will Yates has advised the shareholders (including majority shareholder Lyceum Capital) of international clinical trial research firm Synexus on its £83 million secondary buy-out backed by private equity investor LDC.

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24 February 2015

Travers Smith appoints first dedicated Corporate Social Responsibility and Diversity Manager

Travers Smith LLP has announced the recruitment of Chris Edwards as the firm’s first dedicated ‎Corporate Social Responsibility and Diversity Manager. Chris joins Travers Smith from Stonewall and brings with him a wealth of valuable experience.

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23 February 2015

Travers Smith advises Bridgepoint Development Capital on 40% stake in MVF

A Travers Smith team led by private equity partner Helen Croke has advised Bridgepoint Development Capital on its investment in MVF, a UK technology company which specialises in online customer acquisition and lead generation.

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