Browne Jacobson’s corporate lawyers have successfully advised NPIF Maven Equity Finance, on its investment into Cheshire-based business Traverse Associates.
The investment will support Traverse, which was set up in 2007 and is a supplier of intelligent automation solutions to the travel sector, to further grow its automation services into new markets. The business offers a diverse range of services including invoice matching and admin automation - to blue chip clients including the likes of Booking.com.
NPIF Maven Equity Finance has invested over £76 million into over 75 ambitious growth businesses across the North-West region, resulting in the creation of over 1,500 new jobs. It is managed by Maven Capital Partners (Maven) and forms part of the Northern Powerhouse Investment Fund (NPIF) which is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) and as part of the European Structural and Investment Funds Growth Programme and the European Investment Bank.
The Browne Jacobson team comprised corporate partner Ryan Brown and associate Harpinder Nahl.
Ryan Brown commented: “We are pleased to have supported Maven on their partnering with Traverse. Traverse has an excellent offering in the travel sector and with the backing of Maven will be able to accelerate its growth and raise its profile to a larger market and further develop their innovative intelligent automation product."
James Caplan, Investment Manager at Maven, said: “Traverse Associates has a strong reputation in the travel sector and is a key market leader in the growing RPA space. With its highly scalable tech and reliability of product, it is our pleasure to help Traverse Associates on its growth journey and expansion into new markets. We look forward to working with the team to achieve their goals.
“We would like to thank Ryan and Harpinder and the wider Browne Jacobson team for the excellent commercial legal advice they gave on this strategic deal. Their specialist growth capital expertise really stood out on this deal and was complimented by pragmatism and ‘solution focused’ approach.”
Contact
You may be interested in...
You may be interested in...
Press Release
Browne Jacobson advises OakNorth Bank on AMS Group’s acquisition of Chadwicks
Press Release
Browne Jacobson advises Cairngorm Capital and Management on the buyout of MRO+ Solutions by NVM Private Equity
Press Release
Browne Jacobson advises BGF on £5m investment in The Insights Family
Legal Update
The downfall of Vesttoo: Fraudulent letters of credit
Press Release
Browne Jacobson advises on the acquisition of Dynamic Networks
Press Release
Browne Jacobson advise Maven Equity Finance on investment in Traverse Associates
Press Release
Browne Jacobson advise on Rcapital’s strategic exit from facilities and property services specialist Triosgroup
Legal Update
Banking Transaction Updates - July 2023
Press Release
Browne Jacobson advise Rcapital on acquisition of specialist lift business Temple Lifts from Hitachi, Limited
Published Article
Three peaks of consumer protection: Part two — intolerable harm
Published Article
The three peaks of customer protection: How ‘operational resilience’ enables compliance with the ‘Consumer Duty’ and ‘Vulnerable Customers’
Legal Update
MiCA: The Comprehensive Crypto Regulation Set to revolutionise the EU
Legal Update
Long live king coal?
Legal Update
Investors groups are calling for action from the Government
Legal Update
The FCA’s anti-greenwash proposals
Legal Update
Floating offshore wind pipeline potential
Legal Update
Investment Zones on hold?
Legal Update
Environmental Act 2021 – statutory requirement to submit targets not complied with
Legal Update
Disability and access in banking
Legal Update
ESG in deals and investments
Legal Update
Progress report on climate-related disclosures
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 4 November 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 28 October 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 7 October 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 30 September 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 23 September 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 26 August 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 19 August 2022
Legal Update - The Uplink
The Uplink: Financial services regulatory news, 22 July 2022
Press Release
Browne Jacobson dealmakers advise LDC on significant investment in global advertising partner
Opinion
Draft Bill published to establish a Register of Overseas Entities
The Government has this week published the Economic Crime (Transparency and Enforcement) Bill as part of its measures to crack down on foreign criminals using property in this country to launder money. The Bill proposes the establishment of a Register of Overseas Entities to be maintained by Companies House.
Press Release
North West dealmakers advise OakNorth on loan to digital marketing apprenticeship provider business
Press Release
Browne Jacobson advises on set up of credit and working capital funder Blazehill Capital
Press Release
Browne Jacobson rises up Experian’s dealmaker rankings
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.