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Travers Smith has advised Bowmark Capital on the financing arrangements supporting its acquisition of a majority shareholding in InfraXmedia from Opus Origin.

Welcome to Frontline by Travers Smith – our series addressing the key issues affecting the defence sector. 

Travers Smith has advised DP World on the transfer of six contract logistics sites serving major grocery customers, with more than two million square feet of warehouse capacity and 2,000 personnel from GXO Logistics. GXO’s transfer of the sites was a regulatory condition to the UK Competition and Markets Authority’s (CMA) approval of GXO’s acquisition of Wincanton.

The revisions to the AIM Rules for Companies proposed by the London Stock Exchange, following on from its June 2026 consultation paper (AIM Notice 62), are now in force.

The key changes adopted by the London Stock Exchange ("LSE") and contained in the revised AIM Rules for Companies (the "Revised AIM Rules") (found here), are summarised below:

Travers Smith has advised long-standing AIM-listed client TruFin plc on the disposal of Playstack Limited and its c.£80m return of capital to shareholders and Rule 9 waiver following the sale of its 84.5 per cent interest in leading UK games publisher Playstack Limited to VantageCo Limited for an enterprise value of £125m. 

Latest episode: HMRC's consultation on modernising the distributions framework (Part 2: Demergers and the Loans to Participators rules)

Travers Smith has advised longstanding client Autotrader Group plc, the UK's largest automotive marketplace, on the refinancing and upsizing of its syndicated facilities agreement, comprising a £600 million term and revolving credit facility provided by a syndicate of 10 lenders.

Published in IFLR: Finance Partner Ryan Ayrton explores how defence finance is converging with infrastructure investment and what it means for lenders, investors and lawyers.

Welcome to the August 2026 edition of Travers Smith's Quarterly Listed Company Update. This issue highlights the latest regulatory developments and guidance relevant to listed companies, as well as key trends and practical points for consideration in the coming months.