Press releases | Corporate Advisory | 12 Feb 2019

Travers Smith advises Peel Hunt and Investec on c.£160m placing for GB Group plc

Overview

Travers Smith LLP has acted for Peel Hunt and Investec Bank in their capacity as joint bookrunners on the c.£160m placing of new ordinary shares issued by GB Group plc (GBG).

The proceeds of the placing are to be used to part fund the proposed acquisition of IDololgy, Inc. announced by GBG on 11 February 2019.

Corporate partner Richard Spedding led the Travers Smith team, assisted by corporate senior associate Lucy Stephenson.