Travers Smith LLP has advised long-standing client August Equity ("August") on the sale of its investment in Hallmarq Veterinary Imaging ("Hallmarq") to funds advised by NORD Holding to support the strategic combination of Hallmarq and OR Technology.
Hallmarq is the global leader in advanced imaging systems to the veterinary sector. Since August invested in Hallmarq it has grown to serve customers in over 28 countries and has doubled its revenue. During the investment, Hallmarq won a Queen’s Award for Innovation recognising the development of the 1.5T high-field MRI scanner designed for small animals.
The Travers Smith team was led by Head of Private Equity & Financial Sponsors Will Yates and Partner Laura Kelly with support from Senior Associate Sam van Besouw and Associate Lora Abagero.
Finance advice was provided by Head of Leveraged Finance Donald Lowe, Senior Counsel Fiona Swords and Associate Jagoda Kochan. Tax advice was provided by Head of Tax Hannah Manning and Associate Ross McGregor.
August was also advised by Arrowpoint Advisory (Corporate Finance), CIL (Commercial), RSM (Financial) and EY (Tax).
Travers Smith also recently advised August on its investments in award-winning full-service law firm Higgs LLP and Fargo Systems, a leading Transport Management System “TMS” SaaS software business.
