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Travers Smith advises on £105 million placing by Honeycomb Investment Trust plc


Travers Smith LLP has acted for Liberum Capital Limited in its capacity as placing agent on (i) a placing of £105 million of Ordinary Shares in Honeycomb Investment Trust plc (the "Fund") (the "First Placing"), and (ii) a further placing programme of up to 40 million Ordinary Shares and/or C Shares in the Fund.

The Ordinary Shares issued pursuant to the First Placing were admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market on 2 June 2017.

The Travers Smith team was led by Investment Funds Partner Will Normand and also included Investment Funds Associate Stuart MacKenzie. The Fund was advised by Slaughter and May.