The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Travers Smith LLP

10 SNOW HILL, LONDON, EC1A 2AL, ENGLAND
Tel:
Work 020 7295 3000
DX:
1111079 LONDON CITY EC1
Email:
Web:
www.traverssmith.com
London, Paris

Spencer Summerfield

Tel:
Work 0207 295 3000
Email:
Travers Smith LLP

Work Department

Corporate

Position

Partner, Head of Corporate

Spencer has a broad corporate practice but his principle area of work is M&A, IPOs, corporate joint ventures and general corporate advice. His clients include a number of large quoted and private companies, based in the Uk and overseas and infrastructure funds.

Career

Spencer trained at Travers Smith and became a partner in 1997. He became Head of Corporate in 2013 having been Head of Corporate Finance since 2003.


London: Corporate and commercial

Flotations: small and mid-cap

Within: Leading individuals

Spencer Summerfield - Travers Smith LLP

Within: Flotations: small and mid-cap

In 2017, Travers Smith LLP acted for the issuer or investment bank in four IPOs (Official List, AIM and Specialist Fund Segment) with an aggregate value of £845m. In addition, it was involved in 22 placings and other secondary fundraisings (where total funds raised amounted to more than £1.9bn) and it also handled three reverse takeovers. A highlight involved Adrian West and senior associate Tom Coulter assisting TruFin Plc with its £185m AIM admission and related placing. In another matter, West and Coulter acted for finnCap (as NOMAD and sole bookrunner) in PROACTIS' $132.5m acquisition of Perfect Commerce by way of a reverse takeover. Another highlight involved assisting Volex Plc with its move from the Main Market to AIM. The firm also advises all of the NOMADs who act for the FTSE AIM 100 companies; clients include Zeus Capital, Liberum Capital, Investec Bank and Peel Hunt. Dan McNamee heads up a team that specialises in covering US securities law issues. Neal Watson is the head of corporate finance. Andrew Gillen, Richard Spedding and Spencer Summerfield are also recommended.

[back to top]

M&A: upper mid-market and premium deals, £250m+

Within: Leading individuals

Spencer Summerfield - Travers Smith LLP

Within: M&A: upper mid-market and premium deals, £250m+

Travers Smith LLP¬†is praised for its ‚Äėexcellent level of service‚Äô and ‚Äėspeedy and sound advice at sensible prices‚Äô. The ‚Äėpractical, tenacious and results-driven‚Äô¬†Spencer Summerfield¬†heads the practice; his recent experience includes advising Micro Focus International on its proposed $8.8bn merger with HP Enterprise‚Äôs software business segment and acting for Ancala Midstream Acquisitions on its acquisition of a 30.28% interest in the Scottish Area Gas Evacuation System. The financial services sector is important for M&A instructions, with head of corporate finance¬†Neal Watson¬†recently advised ETF Securities on the sales of its European exchange-traded commodity, currency and short-and-leveraged business and its UCITS ETF platform to WisdomTree Investments and Legal & General Investment Management respectively. The ‚Äėvery knowledgeable, committed and reliable‚Äô¬†Anthony Foster¬†‚Äėprovides very trustworthy advice‚Äô, recently advising The Peel Group (‚ÄėPeel‚Äô) in connection with Hammerson‚Äôs ¬£3.4bn recommended offer for Intu Properties, which Peel holds a 27% stake in. The department‚Äôs other clients include 3i Infrastructure, Brewin Dolphin, Paragon and Spire Healthcare Group. Recommended as ‚Äėa joy to work with‚Äô,¬†Philip Cheveley¬†‚Äėis a customer facing solicitor with a wealth of relevant knowledge‚Äô.¬†Jon Reddington¬†is also noted as 'practical and sensible'.

[back to top]

Private equity: transactions

Within: Private equity: transactions

Travers Smith LLP is, according to its clients, 'the best of the midmarket firms'; it has 'no weak links throughout, a good culture and it spends time understanding the client'. It is also 'very good on all aspects' of large-cap deals. The firm secured a number of high-profile and transformational mid-cap and large-cap deals in 2017, as demonstrated by Paul Dolman, Adam Orr, recently promoted senior counsel Alex Dixon and George Weavil's advice to longstanding client TA Associates on the £600m acquisition of Old Mutual Wealth's single strategy asset management business. Another highlight saw Dolman, Spencer Summerfield, Ian Shawyer and others act for Bridgepoint and its investee company Element Materials Technology Group (Element) in Element's public-to-private acquisition of Exova Group for £620m. In the mid-cap space, Shawyer led a team which advised Bridgepoint on its acquisition of the UK master franchise of Burger King. 3i, Group, Hellman & Friedman and Silverfleet Capital are also active clients. Other notable practitioners in the team include senior partner Chris Hale, whose 'wise counsel is very much appreciated', as well as Emma Havas, Will Yates, Lucie Cawood and James Renahan. Edmund Reed is a particularly prolific dealmaker in the market. Weavil, Ian Keefe and Genevieve Marten all recently made partner.

[back to top]

London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)

Within: Infrastructure (including PFI and PPP)

Travers Smith LLP 's particular strength lies in acting for sponsors such as Macquarie and Northleaf and infrastructure funds in mid-market brown field transactions. The practice is led by corporate specialist Spencer Summerfield who recently advised Ancala on its acquisition of anaerobic digestion group Biogen from Bedfordia and Kier. A collection of funds managed by a longstanding client appointed the group to oversee its acquisition of the holding company of a utility provider and distributor, and senior associate Jonathan Walters was part of the team which guided Arjun Infrastructure Partners through its acquisition of a two solar farm portfolios from Hazel Capital and Anesco.

[back to top]


Back to index

Legal Developments in London

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The legal difference between a consultant and an employee according to Nicaraguan Law

    Knowing the legal difference between a consultant and an employee is important for a company that needs to hire someone in Nicaragua or for a person interested in rendering services for a company or another person, due to the fact that the nature of the contractual relationship will determine many factors that both parties must be aware of before executing the contracting modality that will govern the relationship between them - the nature of the contractual relationship impacts on the employment benefits, tax implications and liabilities that the parties must comply with according to the law.  labor_law_in_nicaragua
  • Single director - shareholder Companies according to the Nicaraguan legal system

    What is a Single Shareholder and Director legal entity?
  • Business in Nicaragua- The Most Important Changes in the Recent Tax Reform

    In recent years, the country ŐĀs the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.