Press releases | Corporate and M&A | 24 Jul 2017

Travers Smith advises Numis and Canaccord on £58.8 million capital raising by accesso Technology Group plc

Overview

Travers Smith LLP has acted for Numis Securities Limited and Canaccord Genuity Limited in their capacity as joint underwriters and bookrunners on the £53.5 million vendor placing and concurrent £5.3 million cash placing (the "Capital Raising") by accesso Technology Group plc ("accesso").

The proceeds of the Capital Raising will be used, amongst other things, to fund part of the consideration for the acquisition of 'The Experience Engine' - a privately owned US-based developer of software solutions. The ordinary shares issued pursuant to the Capital Raising were admitted to trading on 20 July 2017.

The Travers Smith team was led by Corporate Finance Partners Jon Reddington and Richard Spedding, assisted by Corporate Finance Associate James Addison. U.S. securities law advice was provided by U.S. Partner Dan McNamee and Senior U.S Associate Brent Sanders.

accesso, a premier technology solutions provider to leisure, entertainment and cultural markets, was advised by Taylor Wessing LLP as to English law and Baker & Hostetler LLP as to U.S. law.