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Travers Smith advises Shawbrook on a unitranche facility provided to Queens Park Equity


Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on the provision of a unitranche facility provided to Queen's Park Equity (QPE) in relation to its acquisition of YayYay Limited (YayYay).

QPE, a private equity house founded in 2020, provides capital and expertise to entrepreneur-led businesses operating in the Health & Pharma and Technology Services sectors.

YayYay is a UK-based technology business founded in 2013. The firm provides cloud-based communications services that enable micro businesses and SMEs to access enterprise level telephony solutions at an affordable price-point. YayYay has seen phenomenal growth since its inception – now servicing more than 7,000 customers across the U.K and U.S, with over 24,000 users worldwide.

James Salmon, Senior Director at Shawbrook, commented "We are really pleased to continue to build on our strong existing relationship with QPE, and look forward to closely watching their growth. As always, we are grateful for the continued support of Travers Smith as our go-to legal adviser on our unitranche product."

The Travers Smith team was led by Finance Partner Katie McMenamin, supported by Senior Associate Tim Short, Associate Reece Morgan and Paralegal Steven Nicholson.

This is the latest in a series of deals that Travers Smith has advised on since Shawbrook launched its unitranche product in summer 2019.

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