Partner Profiles

Spencer Summerfield

Spencer trained at Travers Smith and became a partner in 1997. He became head of corporate finance in 2003. Spencer has a broad corporate practice but his principal area of work is UK and international corporate finance, including mergers, acquisitions and disposals, flotations and underwritings, corporate joint ventures and general corporate advice.

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Head of Corporate Finance:
Spencer Summerfield

Equity Capital Markets

Our Equity Capital Markets work covers IPOs (including on the Official List, AIM and SFM), secondary issues (including rights issues, open offers, vendor placings and capitalisations) and related matters (including capital reorganisations, share buy-backs and demergers).

Since 2000, we have acted on over 150 flotations and public equity offerings
advising sponsors/nominated advisers, companies and selling shareholders. We are
ranked Tier 1 for Corporate Finance: AIM and Mid-Market by Chambers Guide to the
UK Legal Profession.

As well as being able to advise on all UK aspects of any equity offering, we are also able to advise on all US security law aspects, which is particularly important for any sizeable offering.

“Travers Smith is very much seen as an extension of our internal team; they not only helped us to set up our business and successfully complete the IPO in a challenging market, but did so with complete dedication, uncompromising support and in good humour.”

Andrew Jones, Chief Executive Officer, Metric

Recent examples of our work include advising:

  • London Mining on its £72m placing of new ordinary shares and US$90m convertible loan note
  • Numis Securities Limited in its role as financial adviser and sponsor to Domino's Pizza on its move from AIM to the Official List
  • Panmure Gordon on the move of Qatar Investment Fund plc from AIM to the
    Official List
  • Collins Stewart as nominated adviser and broker to Playtech Limited on the
    company´s £100m institutional placing
  • Peel Hunt as nominated adviser and broker to Sphere Medical Holdings on its
    £14m institutional placing on AIM
  • Panmure Gordon on the £41m AIM IPO of WANdisco plc
  • Advised NBNK Investments plc on its £50m IPO
  • Marwyn Management Partners plc on the reverse takeover of AIM-quoted
    Praesepe plc for a total consideration of approximately £39.4m to be satisfied
    by the issue of approximately 36 million ordinary shares
  • Microfocus International plc on its return of capital by way of B&C Share Scheme
    including a facility of US$275m in connection with the funding of a proposed
    share buyback