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Travers Smith advises Panmure Gordon and Numis on the proposed £61.4 million acquisition of the MeetingZone Group and connected £50 million placing

Overview

Travers Smith LLP is advising Panmure Gordon (UK) Limited (as lead financial adviser, nominated adviser and joint bookrunner) and Numis Securities Limited (as financial adviser and joint bookrunner) on the proposed £61.4 million acquisition of the MeetingZone Group and connected £50.0 million placing by LoopUp Group plc.

The acquisition by LoopUp of the MeetingZone Group from GMT Communications Partners constitutes a reverse takeover for the purposes of the AIM Rules. Both the acquisition and the placing remain conditional upon, amongst other things, approval by the shareholders of LoopUp.

The Travers Smith team is led by Corporate Partner Richard Spedding, assisted by Corporate Associate James Addison. U.S. securities law advice is provided by U.S. Partner Dan McNamee and U.S. Senior Associate Brent Sanders.

LoopUp Group, a premium remote meetings company, is advised by Pinsent Masons LLP. GMT Communications Partners, a private equity specialist in the media and communications sector, is advised by Shearman & Sterling LLP.