Travers Smith has advised Verdane, the European investment firm, on the financing arrangements for its acquisition of a majority stake in Smartbox Group, a UK-headquartered global leader specialist technology designed to support individuals with speech and communication challenges.
CareTech Group, the previous majority shareholder, will continue in a minority investor role. Three Hills will invest alongside Verdane and CareTech. This transaction enables Verdane to support Smartbox’s mission of expanding worldwide access to life-changing solutions and accelerating the company’s global growth.
Smartbox is recognised as a market leader, empowering communication, connection, and independence for people with speech and language disabilities. The company develops innovative software and hardware products - including its flagship Grid platform - which are used by over 100,000 people across more than 175 countries.
This transaction further reinforces Travers Smith’s track record of advising clients on transformative investments within the healthcare and technology sectors.
The Travers Smith team was led by Finance Partner Will Sheridan, with support from Senior Associate Michael Leadbeater and Associate Jagoda Kochan.
