Thomson MBO secured by double-decker
Travers Smith Braithwaite and Clifford Chance have completed the secondary buy-out of Thomson Directories using an innovative insurance arrangement to secure the deal. The sale of Thomson, originally the subject of a buy-out in 1997, involved a “double-decker” insurance policy, arranged by insurance brokers HSBC Gibbs. The u220m buy-out was backed by venture capitalist Apax […]