Travers Smith LLP has advised Graphite Capital (Graphite) on its acquisition of Babble Cloud (Babble), a unified communications cloud contact centre and cyber security provider, from LDC. Graphite has acquired a majority stake in Babble alongside management, with LDC also retaining a minority stake.
Babble supports around 2,000 medium-sized companies operating across a wide range of sectors and has long-standing relationships with leading suppliers such as Microsoft, Gamma, Evolve IP and Five9. Babble's integrated communications proposition enables clients to improve efficiency, enhance customer service, increase revenue, reduce costs and remain secure in the digital world. Babble has a pipeline of potential acquisitions which will expand further its range of products, services and customers, building on its scalable platform of next-generation cloud-based solutions.
The Travers Smith team was led by Private Equity & Financial Sponsors Partners Emma Havas and Ian Keefe, with Private Equity & Financial Sponsors Associates Stuart Allan, Max Conway, Henry Don, Jessica Cragg, and Evander Obi. Tax advice was provided by Tax Partner Hannah Manning and Associate Katherine Williamson. Finance advice was provided by Finance Partner Donald Lowe, Senior Associate Jonathan Clapshaw and Associate Michael Leadbeater.