Travers Smith LLP has advised long-standing client, the 3i Group, and Aspen Pumps on the successful completion of a refinancing of the Aspen Pumps senior debt facilities and the return of £52m to 3i, representing more than 0.8x their original equity investment in Aspen.

Aspen is the global leader in condensate pumps for air conditioning and refrigeration systems. The refinancing ensures that Aspen is well positioned to continue investing to further accelerate growth and deliver on its ambitious plans, both organically and through acquisitions.

The Travers Smith team was led by Finance Partner Donald Lowe and Private Equity Partner Lucie Cawood, with support from Finance Associate Nihaal Khanna and Private Equity Senior Associate Victoria Bramall.