Travers Smith LLP has advised Silicon Valley Bank UK on a senior strategic facility in connection with Battery Ventures' (Battery) investment in Skalar Analytical B.V. (Skalar).
Battery is a global, technology-focused investment firm with offices in the U.S., Europe and Israel that regularly makes early, growth and buyout investments in the technology sector.
Skalar is a Dutch manufacturer of chemistry analyzers and laboratory automation solutions.
The Travers Smith team was led by Head of Leveraged Finance Matthew Ayre, Senior Associate Jason Larkins, Associate Alastair Lowson and Trainee Sam Winter.
We previously advised Silicon Valley Bank UK on multiple senior annual recurring revenue loans provided in connection with Battery's investments in German technology companies, including the acquisitions of Proemion, Vimcar and Avrios.