Travers Smith LLP has advised long-standing client Inflexion on the separate acquisition financings of Astrak, a European specialist distributor of parts for construction equipment and enviolo, a specialist in the e-bike components market.
Fife-based Astrak was founded in 2003 in Denmark and has grown to become a market leader in undercarriage and wear parts for construction equipment, employing over 100 people across its seven locations in Europe.
Netherlands-based enviolo designs and develops transmission systems for e-bikes mainly for the European and North American markets. enviolo has grown rapidly as the market for e-bikes has developed strongly in the past few years.
The Travers Smith team, across both acquisitions, was led by Head of Leveraged Finance Matthew Ayre with support from Senior Associates Will Sheridan, Tim Short and Jason Larkins.