Travers Smith Corporate Partner, Edmund Reed and Senior Partner, Chris Hale, are leading a team advising the management shareholders of Host Europe Group ("Host") on its sale by Montagu Private Equity and management for £438 million to a new company backed by Cinven.
The Travers Smith team is also advising the management team of Host Europe on its new equity arrangements with Cinven. The team includes senior associate James McClymont.
Host is one of Europe's leading internet domain and hosting companies. Since Montagu Private Equity invested in the Company in October 2010 Host has grown sales by more than 60% and now has around 1.5 million retail and wholesale customers.
Montagu Private Equity and the Sellers generally are being represented by Simon Tinkler of Clifford Chance and Cinven by David Higgins and Adrian Maguire of Freshfields.