England - London • Investment fund formation and management

Travers Smith LLP

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Travers Smith LLP supports fund managers undertaking fundraisings, IPOs and restructuring measures in addition to secondary solutions. Further to advising funds looking to list on the LSE’s Main Market and Specialist Fund Segment (SFS), in 2022 practice head Aaron Stocks, whose practice focuses on advising investment trusts, REITs and Special Purpose Acquisition Companies (SPACs) on IPOs, assisted the LSE with the creation of the Voluntary Carbon Market, designed to facilitate investments in carbon credits. Will Normand advises fund managers on the establishment of new investment structures aimed at widening funds’ traditional investor bases beyond institutional investors and opening them up to retail investors. Senior counsel Stuart Mackenzie advises London-listed funds on matters concerning the LSE and AIM.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The listed funds team understands our product well - the team was involved with the initial launch and has been on hand since.'
  • 'Will Normand understands the detail and nuances perfectly and is able to give advice that is accurate and commercial every time.'
  • 'No problem is too big or too small for Will Normand. The best adviser to have on-hand.'
  • 'Good partner availability in a large firm with a global footprint.'
  • 'Aaron Stocks and Will Normand are very available. Aaron has done great work helping the LSE on their Voluntary Carbon Market initiative and Will speaks very well at funds conferences.'
  • 'Aaron Stocks is an expert in his field. Stuart MacKenzie is an excellent and knowledgeable associate.'
  • 'Technically very strong.'
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Key clients

  • Alternative Income REIT plc
  • Assura plc
  • Chrysalis Investments Limited
  • Franklin Templeton
  • finnCap Group
  • Impact Healthcare REIT
  • Investec Bank
  • Jefferies
  • JPEL Private Equity Limited
  • Literacy Capital plc
  • Marwyn Investment Management LLP
  • N+1 Singer
  • Nippon Active Value Fund plc
  • Numis Securities Limited
  • RBC Europe Limited
  • Shore Capital
  • Smithson Investment Trust plc
  • Stifel Nicolaus Europe Limited

Work highlights

  • Advised Marwyn Acquisition Company II Limited on the launch of its 12-month placing programme with the ability to raise up to £500m of redeemable share capital on the London Stock Exchange.
  • Advised RBC Europe Limited and Investec Bank plc in their capacities as joint placing agents on an accelerated bookbuild equity fundraise carried out by HICL Infrastructure plc.
  • Advised Jefferies International Limited and Jefferies GmBH in JIL's capacity as sole bookrunner, global coordinator and financial adviser to Gresham House Energy Storage Fund plc in relation to a new share issuance programme.

Practice head

The lawyer(s) leading their teams.

Aaron Stocks

Other key lawyers

Will Normand, Stuart Mackenzie