Travers Smith LLP is delighted to announce its Funds team has won the Law Firm of the Year: Funds Structuring Award at the 2021 unquote British Private Equity Awards.
The British Private Equity Awards celebrate innovation and excellence in private equity and venture capital, as well as honouring the industry's ability to help build British businesses - and in doing so, foster the wider economy.
The team was recognised for its work supporting clients on over 20 fundraisings with aggregate commitments of multiple billions. The team advised on mandates from leading UK, European and global private equity funds, from venture through to growth, mid-market and larger buyout firms. As well as advising on these mandates, the award recognises the team for its work to innovatively shape the market with new liquidity options available to private funds, from LP tender offers, to fund recaps, preferred equity transactions and NAV-based lending.
Key work highlights include advising:
- on the spin-out of the Irish private equity investment team from The Carlyle Group in early 2020 forming Melior Equity Partners and the subsequent fundraising and closing of Melior Equity Partners II
- EQT AB, the largest alternative investment fund manager in the Nordic region, on the strategic sale of its Credit business segment to Bridgepoint
- Elysian Capital LLP on its third vintage private equity fund Elysian Capital III LP. The fund was raised virtually during the global pandemic, launching in March and closing in June
- Bluegem Capital Partners on the structuring and fundraise of its new mid-market PE fund, Bluegem III
Commenting on the win, Funds Partner Sam Kay, said: "We are thrilled that the hard work and commitment of our team over a number of years has been recognised with this award. We are continuing to work with new and existing client on structuring and raising new funds and this award demonstrates that Travers Smith is well-placed to support the British private equity industry navigate any changes that need to be made to the fundraising process as the market continues to evolve and adjust."
Last month, the team won the Legal Fund Structuring Award at the 2021 The Drawdown Awards.