Press releases | Private Equity & Financial Sponsors, Finance, Tax | 23 Jul 2014

Travers Smith advises on the IPO of Spire Healthcare Group plc

Overview

Travers Smith private equity partner Paul Dolman and corporate finance partner Adrian West have advised the management of Spire Healthcare Group plc on the initial public offering of the company on the Official List.

Admission and unconditional dealing in the shares commenced on 23 July 2014. At admission Spire had a market capitalisation of approximately £840 million.

Spire Healthcare is a leading provider of private healthcare, with 39 private hospitals throughout the UK. Spire was formed from the sale of BUPA Hospitals to Cinven Partners LLP in 2007, followed by the purchase of Classic Hospitals and Thames Valley Hospital in 2008.

The Travers Smith team included corporate senior associate Adam Orr and tax partner Kathleen Russ. Cinven was advised by Freshfields Bruckhaus Deringer LLP.