Travers Smith LLP has advised its long-standing client Ascential, the specialist information, data and analytics company, on the disposal of its Built Environment & Policy (BEP) segment, comprising three brands - Glenigan, Groundsure and DeHavilland.
Most recently Travers Smith has advised on the sale of DeHavilland, the leading online provider of UK and EU political insight and intelligence, to Bridgepoint Growth, part of the asset management group Bridgepoint, for £15 million.
This transaction follows the sale of Glenigan, a company specialising in construction market analysis, forecasting, and company intelligence, to Byggfakta Group, and the sale of Groundsure, which provides intelligence solutions linked to environmental risks and planning, to ATI Global Limited, both of which Travers Smith also advised Ascential on.
The total consideration for the three businesses comes to £257.9m.
The disposal will allow capital to be allocated to core areas of focus for Ascential and, in particular, the fast-growing Digital Commerce segment, including organic investments and potential M&A opportunities.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner, Edmund Reed, with support from Private Equity & Financial Sponsors Senior Associate Victoria Bramall, Associates James Sherlock, Vanessa Kitching and Ollie Creamer and Trainee Emma Gittings.
Bridgepoint was advised by Taylor Wessing.