Travers Smith LLP has advised FourLeaf Capital on its majority investment in Meaco, the UK's leading provider of award-winning air treatment and in-room climate control products.
The investment follows a period of strong performance for Meaco and the partnership with FourLeaf Capital will help the company to continue building its international presence and expand into adjacent air treatment categories, while ensuring that product innovation and quality, energy efficiency and award-winning design remain at the heart of the business.
The acquisition was led Private Equity & Financial Sponsors Partner Jeremy Dennison, with support from Senior Counsel Max Conway, Senior Associate Ollie Creamer and Associates Vian Hilli and Navi Suglani. Senior Counsel Asma Rashid assisted on the equity financing arrangements.
The debt financing aspects of the deal were led by Head of Leveraged Finance Donald Lowe, with support from Senior Associate Jody Coleman and Associate Arjun Dwesar.
Tax advice was provided by Head of Tax Hannah Manning and Associate Claudia French. Technology & Commercial Transactions advice was provided by Senior Associate Nick Brady and Associate Oliver Richmond. Employment advice was provided by Senior Associate Matthew Davis and Associate Rory Patterson.
Robyn Smith, Managing Partner of FourLeaf Capital commented: "It was a pleasure working with Travers Smith on our first ever deal. We made a judgement call early on that it was important to team up with a premier law firm recognised for its market leading M&A and leveraged finance practices and that decision has paid immediate dividends. Jeremy and Donald led an outstanding team of lawyers and their commercial and pragmatic advice was invaluable in getting the deal over the line".
Jeremy Dennison commented: "I am delighted to have advised FourLeaf Capital on their maiden deal. Emerging managers are an increasingly important feature of the European mid-market private equity landscape and Travers Smith has a long track record of supporting financial sponsors as they scale into established brands. I look forward to seeing where the FourLeaf team go from here and supporting them on the way".
