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Travers Smith advises Numis and Panmure Gordon on £55.9 million capital raising by Hilton Food Group plc


Travers Smith LLP has advised Numis Securities Limited in its capacity as sponsor, financial adviser and joint bookrunner and Panmure Gordon (UK) Limited in its capacity as joint bookrunner in connection with the £55.9 million placing of new shares by Hilton Food Group plc in connection with its acquisition of Icelandic Group UK Limited for £80.8 million.

The acquisition is a Class 1 transaction for Hilton and completion of the acquisition and the placing are therefore conditional upon obtaining approval from Hilton's shareholders. 

Hilton will fund the acquisition through the proceeds of the placing and a new debt package comprising a new banking facility totalling £34 million.

The Travers Smith team comprised Corporate Finance Partner Jon Reddington, Corporate Finance Senior Associate Mark Anderson and 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. Hilton, a leading specialist international meat packing business, was represented by Taylor Wessing.

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