Travers Smith LLP has acted for Investec Bank plc in its capacity as nominated adviser and broker on the £50.0 million placing (the "Placing") of new ordinary shares by easyHotel plc (easyHotel).
The Placing remains conditional on, amongst other things, the passing of shareholder resolutions at a general meeting of easyHotel.
easyHotel is the owner, developer, operator and franchisor of branded hotels. The proceeds of the Placing will be utilised primarily to fund the group's owned hotel roll-out strategy.
The Travers Smith team was led by Corporate Partner Richard Spedding, assisted by Corporate Associate James Addison.