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Travers Smith advises TA Associates and management on their strategic reinvestment in The Access Group alongside new investor Hg

Overview

Travers Smith LLP has advised long-standing client TA Associates on its strategic reinvestment in The Access Group alongside new investor Hg. Current majority shareholder TA Associates will retain joint control of The Access Group following completion of the transaction.

With its portfolio spanning ERP, finance, HR, payroll, recruitment, education, warehousing, business intelligence, professional service automation and manufacturing, The Access Group is the leading vendor of mission-critical business software to mid-market organisations in the UK.

Travers Smith LLP previously advised Lyceum Capital and management on the sale of The Access Group to a newco funded by TA Associates in 2015.

The Travers Smith team was led by Head of Private Equity Paul Dolman, assisted by Private Equity Partner Adam Orr, who were both assisted by Senior Associates Genevieve Marten and Ian Keefe and Associates Tom Hartwright, Matt Powrie, Tom Lloyd and Alexander Watt. Tax advice was provided by Tax Partners Kathleen Russ and Hannah Manning, assisted by Associates Laura Jackson and Katherine Williamson. The team also included Finance Partner Donald Lowe, assisted by Senior Associate Jonathan Clapshaw, Competition Partner Stephen Whitfield, and Incentives & Remuneration Associate Kevin Donegan.

The transaction is conditional upon regulatory clearance being given by the European Commission or Competition and Markets Authority.

Hg were advised by Linklaters LLP and management were advised on their new equity arrangements by Taylor Wessing LLP.