Travers Smith and Macfarlanes lead on Collins Stewart deal
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Macfarlanes and Travers Smith have won roles on the long-awaited takeover of London mid-cap stockbroker Collins Stewart Hawkpoint by Canadian bank Canaccord Financial.
Travers partners Philip Cheveley and Richard Spedding led the advice for Canaccord on the £253m recommended cash and shares offer from the broker. The acquisition follows Canaccord’s unsuccessful attempts to acquire stockbroker and wealth manager Evolution Group, a process that also gave Travers a role.
Macfarlanes, meanwhile, fielded a team led by corporate partner Kevin Tuffnell acting for LSE-listed Collins Stewart.
The broker turned to Rosenblatt Solicitors when it announced takeover talks in 2008 (18 August 2008), while its IPO in 2000 gave a mandate to SJ Berwin (6 November 2000).
Canaccord is listed on the Toronto Stock Exchange and London’s Aim. The company has hired a broad range of law firms in its roles as equity capital markets adviser or broker for clients’ UK stock exchange listings.
