Travers Smith stars on private equity deals

Two Travers Smith partners have had a particularly busy week on private equity deals and IPOs.

Corporate partner Paul Dolman closed three deals in as many days, two of them for entities owned or controlled by private equity house Promethean, for which he is relationship partner.

The first was Data Locator Group’s (majority owned by Promethean) acquisition of interactive advertising group 43. Howard Kennedy advised the company.

Then came a Promethean-conrolled investment fund’s £72m purchase of a majority stake in traded endowment policy group TIS, which was advised by Berwin Leighton Paisner.

Dolman also found time to advise the management of Oxford Aviation in the company’s £32m management buyout.

Slaughter and May advised the seller, BVA Aviation, while purchaser GCAT Flight Academy turned to Norton Rose.

Meanwhile, corporate finance partner Richard Spedding advised Lazard on two AIM deals, the first IPO instructions the City firm has received from the investment bank.

Lazard was the nominated adviser (nomad) to Canadian oil company Stratic Energy’s admission to AIM.

Lazard was also nomad and broker on the £125m IPO of DLA Piper client EAG.