Press releases | Finance | 25 Apr 2016

Silicon Valley Bank provides financing to The Riverside Company and Guestline

Overview

Travers Smith LLP has advised the Pensions Infrastructure Platform on the successful first closing of PiP Multi-Strategy Infrastructure LP (the "Fund") with commitments from a number of UK pension funds.

Guestline is a leading provider of mission critical software for the hospitality sector. Based in Shrewsbury, UK, the company serves a broad customer base of independent hotels, hotel chains, pub companies and serviced apartments, delivering proprietary hospitality software solutions via the cloud.

The transaction is an example of Silicon Valley Bank's strong track record of supporting technology companies. Over the years, Silicon Valley Bank has built extensive relationships in the technology industry to provide debt and banking solutions globally for its private equity clients.

Travers Smith’s team advising Silicon Valley Bank was led by head of finance Matt Ayre, who was supported by associates Kate Dickens and Lucy Monroe. Jones Day acted for the borrowers.