Press releases | Private Equity & Financial Sponsors, Corporate and M&A | 29 Mar 2018

Travers Smith advises Phoenix Equity Partners on its investment in Capital Economics

Overview

Travers Smith LLP has advised longstanding client Phoenix Equity Partners (Phoenix) on its acquisition of Capital Economics Research Limited (Capital Economics) from sellers including LDC and the existing Capital Economics management team in a transaction valuing Capital Economics at circa £95 million.

Capital Economics is one of the leading independent macro-economic research companies in the world. Their team of more than 60 experienced economists provide award-winning macro-economic, financial markets and sectoral analysis, forecasts and consultancy from offices in London, New York, Toronto, Singapore and Sydney. The business provides research subscriptions, data and events to approximately 1,500 global institutions.

The Travers Smith team was led by Private Equity Partners Edmund Reed and James Renahan and Corporate Associates Sally Hirst, Hanna Uhlin and Louise Nordkvist. The team also included members of the Travers Smith Tax and Finance teams led by Partners Russell Warren and Andrew Gregson (respectively).

The Sellers were advised by DLA Piper (legal) and BDO (corporate finance).