Press releases | Finance | 14 Jun 2018

Travers Smith advises Numis and Goodbody on £115 million capital raising by Draper Esprit plc

Overview

Travers Smith LLP has acted for Numis Securities Limited and Goodbody Stockbrokers as joint brokers and underwriters and Numis as nominated adviser in connection with the proposed £115 million placing and subscription (the "Fundraising") by Draper Esprit plc ("Draper Esprit").

Draper Esprit is a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses across Europe. The purpose of the Fundraising is to raise further funds so that Draper Esprit may capitalise on new opportunities in the market identified by Draper Esprit's Directors. The Placing and Subscription is in addition to the £61 million raised in the last year across the Group's EIS, VCT and secondary funds and the £70 million of cash recycled from exits since the IPO.

The Travers Smith team was led by Corporate Finance Partner Jon Reddington and included Corporate Finance Associate Lucy Stephenson.

Goodbody Stockbrokers was advised by A&L Goodbody as to Irish law. Draper Esprit was advised by Gowling WLG.