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Travers Smith advises Lyceum Capital and management on the sale of Clearswift to RUAG


Travers Smith LLP has advised long-standing client Lyceum Capital ("Lyceum") and management on the sale of Clearswift, the global digital security software company to RUAG, a Swiss technology company active in defence and security across Europe, USA and Asia.

Headquartered in Theale, Berkshire, Clearswift has approximately 140 employees and global sales and distribution capabilities with a significant presence in Europe, the Americas and Asia-Pacific.

Heath Davies, Clearswift CEO, said: “Over the past five years, in partnership with Lyceum, Clearswift has entirely transformed its business, building new innovative solutions and incorporating two technology add-ons. I am delighted that our high calibre executive team, staff, products, partners and customers have been recognised by an outstanding global technology partner.

The Travers Smith team was led by head of private equity Paul Dolman with support from private equity associate Tom Hartwright.  Specialist tax advice was provided by tax partner Russell Warren and associate Silvana Van der Velde. Finance advice was provided by partner Donald Lowe and associate Daniel Domb.

Lyceum and management were provided financial advice by William Blair.  RUAG were advised by Kemp Little (Legal) and EY (Corporate Finance).

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