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Matthew Ayre

Sunday, 23 September 2018
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Matthew Ayre

Head of Finance
matthew.ayre@traverssmith.com
+44 (0)20 7295 3304
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Matthew became a partner in 2007 and head of the Finance team in July 2014. Matthew specialises in acquisition finance and general financing matters acting for financial institutions, lenders, private equity sponsors, investors and borrowers.

His recent work includes advising:

  • Bridgepoint on its acquisition of the administration and fiduciary services business of Appleby
  • Zoopla plc on the financing of its acquisition of USwitch
  • Balfour Beatty Infrastructure Partners on the financing of its acquisition of Wightlink
  • Martin McColl on its refinancing with senior and mezzanine facilities provided by a club of lenders and subsequently on its post-IPO £85m revolving credit facility
  • Silicon Valley Bank on various financings including on its provision of senior debt financing to Francisco Partners in relation to the acquisitions of Kewill plc and IOTA Holdings Limited and the financing of AKKR's acquisition of Kerridge Commercial Systems
  • HSBC on the financing of Lyceum Capital's acquisition of Access Technology Group Limited, the financing of LCD's acquisition of Clifford Thames and on the financing of August Equity Partners acquisition of Survival Systems International
  • HSBC on Hawksford International's acquisition of Janus Corporate Solutions
  • Macquarie Bank on its financing of the Energetics group and Trade Finance Partners
  • Hobbs on its refinancing
  • CLS Holdings plc on the issue of its £65m 5.5 per cent retail bond due 2019
  • various corporates and private equity investee companies on amendments to their bank facilities, the resetting of financial covenants, equity cures and debt buy-backs
  • Bridgepoint Development Capital on its acquisitions of Lumison, Blue Square Data, Dedipower, Building Automation Services, Evander, BigHand, Quotient, LOC Group, Phlex Global, Marketing VF and Tastecard
  • James Finlay on its refinancing with RBS, Barclays and HSBC
  • Bridgepoint on the £995m sale of Pets at Home to KKR
  • Lyceum Capital on its acquisition of The UK Drainage Network
  • Barclays Private Equity on its acquisition of Bounty (UK)
  • Bridgepoint on its acquisition of Pret a Manger
  • Kester Capital on its investment in Frontier Medical Group
  • Macquarie on its acquisition of Red Bee Media, Moto, Talarius and NCP (whilst on secondment at Macquarie)
  • Carlyle on its acquisitions of The Foundry and Graze
  • GCP Capital Partners on its acquisition of World Trade Group and its investment in Frontier Medical

Matthew is included in Financial News' listing of 40 under 40 Rising Stars in Legal Services 2015 and his recent publications include "Calling the shots: the evolution of PE funding", a detailed report on the debt market produced in conjunction with Debtwire and an article for Private Equity News focusing on Finance related considerations for sponsors when acquiring a business with a buy-and-build strategy.

Matt Ayre is noted as a leading individual in Banking & Finance by Chambers UK 2018, which describe him as enjoying a healthy reputation for his mid-market leveraged finance practice, regularly acting for an array of private equity sponsors and financial institution clients. Sources say: "He is a fantastic lawyer – he is strong in the market, he knows the trends and he's a good negotiator. He knows what we want as a client and he's incredibly strong in his field."

Matt is described in the Legal 500 UK 2017 as ‘Highly technical, proactive and thoughtful’ team head Matthew Ayre recently advised Bridgepoint Development Capital on the £53m debt facilities – which included a unitranche term loan and a revolving credit term – to fund its acquisition of Inspiring Learning. Praised for his ‘commerciality’, Ayre has also been central to building out the firm’s banking client base, which single out his ability to ‘attain the best position for lenders while also balancing the maintenance of a strong, ongoing relationship with the borrower/sponsor’.

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