Travers’ leveraged finance partner Davis exits for Reed Smith

Reed Smith has hired Travers Smith leverage finance partner Ben Davis in a further boost to its UK finance practice.

Davis joined Travers as an associate in 2005 and has been a partner in its banking group since 2011.

In 2013, he has advised private equity houses and financial institutions including Equistone, ICG, and Macquarie Bank on financing arrangments.

Reed Smith’s London-based structured finance practice has been in growth mode since 2012, when the firm hired partner Tamara Box from Berwin Leighton Paisner to establish the group and navigate its expansion (21 December 2011). Since then, it has brought in specialists including former Clifford Chance finance partners Claude Brown (12 April 2013) Peter Zaman (17 April 2012) to help bring its total number of lawyers up to 25.

In the same year, the firm also launched an EMEA private equity group led by former SJ Berwin managing partner candidate Perry Yam (14 December 2011).

Davis said in a statement: “Reed Smith’s investment in its London financial industry group is clear: the team has grown by 60 per cent in the last three years. The firm’s global platform provides me with a new and exciting challenge, where I can continue to develop my leveraged finance practice.”

Over the past year, Reed Smith’s structured finance team played a major role in advising CBPE Capital on its £100m acquisition of the Cote restaurant group (17 September 2013). It also worked alongside Siemens’ in-house legal team to complete the Thameslink Rolling Stock Project transaction – the largest contract ever awarded to Siemens in the UK.