Press releases | Private Equity & Financial Sponsors | 26 Mar 2018

Travers Smith advises Equistone Partners Europe on its investment in Small World Financial Services

Overview

Travers Smith LLP has advised longstanding client Equistone Partners Europe (Equistone) on its upcoming acquisition of the Small World Financial Services (Small World) from sellers including FPE Capital, MMC Ventures and the existing Small World management team.

The financial terms of the deal are undisclosed and, as Small World is regulated in multiple countries, completion of the transaction remains subject to regulatory approvals. The investment is one of the first from Equistone's sixth fund, Equistone Partners Europe Fund VI.

Small World is a leading international, multi-channel, cross-border payment service provider. Small World is headquartered in the United Kingdom and facilitates cross-border payments via its physical network of over 6,000 third-party send-side agents and 80 branches. Small World currently employs approximately 680 people across 16 countries and generates revenues in excess of £110m.

The Travers Smith team was led by Private Equity Partner James Renahan and Corporate Associates Louise Nordkvist, Sally Hirst and Robert Coward. The team also included members of the Travers Smith Tax and Regulatory teams led by Partners Jessica Kemp and Stephanie Biggs (respectively).

The Sellers were advised by Charles Russell Speechlys (legal) and PwC (corporate finance).