Travers Smith LLP has advised new client Summa Equity ("Summa") on the acquisition of Peoplesafe, a leading work force safety provider, from ECI Partners and management.
Peoplesafe protects more than 350,000 workers and had annual revenues of £22.6m last financial year through its core markets in the UK, US, and Canada. Founded in 2001, Peoplesafe has more than 25 years of experience supporting employers and protecting lone and frontline workers in increasingly complex and hybrid work environments. It serves public and private sector customers across industry, healthcare, real estate, retail, utilities, and more.
Investing from its €2.3bn Summa Equity Fund III, the investment leverages Summa’s tech-enabled resilience theme and experience of enhancing portfolio companies’ strategies for value creation, aiming to drive sustainable growth and address critical global issues – in this case workplace safety and risk management.
The Travers Smith team was led by Head of Private Equity & Financial Sponsors Will Yates and Partner Alex Dixon with support from Senior Associates Eric Van Winssen and Nehemiah Odunlami, Associates Zoe Yerolemou, Georgia Gridley and Hamad Naeem, and Trainee Ismay Keane.
Finance advice was provided by Head of Leveraged Finance Donald Lowe, Senior Counsel Fiona Swords, Senior Associate Jody Coleman and Associate Emma Bowman. Tax advice was provided by Head of Tax Hannah Manning and Associate Amy Broderick.
ECI Partners and management were advised by Squire Patton Boggs.
