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Travers Smith advises on £61m block trade in Hostelworld Group plc


Travers Smith LLP has advised Luxembourg-based H&F Wings Lux 1 S.à r.l ("H&F") on the disposal of the remainder of its stake in Hostelworld Group plc, the world's leading hostel-focused online booking platform. 

H&F sold its ordinary shares, alongside sales of ordinary shares by other shareholders, via an accelerated bookbuild managed by Numis.  The placing shares were placed at a price of 260 pence per share, raising aggregate gross proceeds of approximately £61m.

The Travers Smith team advising H&F was led by corporate partner Adrian West, who was assisted by senior counsel Dan McNamee and associate Stephanie Poulier.

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