The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
DLA Piper and Travers Smith have played major roles in the AIM listing of veterinary service provider CVS Group, which entered the junior market via a private equity exit.
A Travers Smith team led by corporate finance head Spencer Summerfield and associate Toby Newman acted for the nominated adviser to the deal, Panmure Gordon & Co.
DLA Piper’s EMEA capital markets group head Alex Tamlyn led the team acting for the company alongside corporate partner Polly Owen and associate Juan Perez-Tejedor.
Tamlyn said: “We started work on this in May as there was a prefloat organisation to put in place first. This was an exit for Sovereign Capital, which had been invested in the company for around eight years. the point of the reorganisation was to make sure we would be able to do the IPO as we had to make sure the company could make the payments to exit Sovereign.”
Sovereign did not seek legal advice on the exit as the disposal was planned at the time the investment was made. Tamlyn said: “If the investment is crafted well the details are set in stone. It is just a question of implementing it.”
CVS was established in August 1999, with financial backing from Sovereign, to acquire and operate veterinary practices that were well established within their local community and had a reputation for high quality service.