Expertise - Private Equity
Private equity at Travers Smith is a cornerstone of our business. Our award-winning practice has been helping clients to implement innovative strategies and structures for over 20 years, and we continue to be involved in many challenging and ground-breaking deals.We cover all types of private equity investment and exit: start-up and early-stage investments, development capital and follow-on fundings, MBOs, MBIs, BIMBOs, IBOs and LBOs, secondary/re-engineered buy-outs, public-to-privates, exits by sale to trade/financial buyers, and recapitalisations. We are also highly regarded for acting for management teams on the largest deals. Our expertise now reaches far beyond investment work, drawing on the skills of all of our specialist practice areas, especially tax.
The group has had a phenomenal run, picking up awards from Real Deals, the BVCA and EVCA, and also the EVCJ . It has been an encouraging end of 2009 for private equity. Travers Smith has worked on more deals than its competitors and remains at the forefront of the primary market (deals between £50 - £500 million). We are proving ourself best positioned for the recovery and remain at the cutting edge of work including work on innovative debt buy-backs and have increased market share with new clients.
In addition, we have a dedicated Investment Funds group that focus on the establishment of private equity funds and the participation in funds by investors. Please click here for more details.
Recent examples of our work include advising on:
- Bridgepoint Capital's acquisition of specialist retailer, Hobbycraft
- Nomura Private Equity 's £60m sale of Premier Medical to Capita plc
- Bridgepoint Capital´s £955m sale of Pets at Home to KKR
- the complex investment in CPA Global for new client Intermediate Capital Group PLC
- the sale of Marken to Apax
- Exponent´s £150m acquisition of Ambassador Theatre Group
- the MBO of McKinnon & Clarke Limited for £22.1m by Mull Bidco Limited and Lyceum Capital Partners
- the sale of British Car Auctions to private equity firm Clayton, Dubilier & Rice from Montagu Private Equity
- Bridgepoint Capital´s public offer for the Finnish healthcare company Terveystalo Healthcare Oy
- Bridgepoint Capital´s £345m acquisition of Prêt A Manger
- the sale of Dreams to Exponent Private Equity
- Bridgepoint´s £600m sale of multinational business Alliance Medical to DIC
- the £6bn merger of Saga and AA
- the reorganisation of NCP into two separate groups and the sale of its car parking business to Macquarie
- the £360m acquisition of Fat Face by Bridgepoint Capital
- the investment in leading architect firm Foster + Partners by 3i Growth Capital
- Candover´s £418m P2P of DX Services and the acquisition of Secure Mail Services
- the £1,028m merger of The Tussauds Group with Merlin Entertainment Group
- the £740m acquisition from Commerzbank of Jupiter Asset Management by TA Associates
- the £185m buy-out of Jimmy Choo
- the £350m Secondary MBO of Vue Entertainment, backed by Bank of Scotland Integrated Finance
- the £2.2bn exit from Coral Eurobet
