Travers Smith led by senior partner Chris Hale have advised management on the sale of Bridon Limited by Melrose Industries PLC to Ontario Teachers' Pension Plan (the largest single-profession pension plan in Canada) for an amount in the region of £365 million.

Bridon, headquartered in Doncaster, is a leading specialist in the manufacture of wire and rope solutions for the mining, construction and energy sectors, operating manufacturing units worldwide, along with technical and sales offices.

Completion is expected to occur by the end of 2014, subject to the receipt of required regulatory approvals.

The Travers Smith team also included corporate associates Naveed Anwar and Sarah Butler, as well as tax partner Kathleen Russ and tax associate Maudie Leach.

Other advisers on the transaction included Kirkland & Ellis acting for Ontario Teachers' Pension Plan, Simpson Thacher & Bartlett (legal adviser) and Rothschild (lead financial adviser) acting for Melrose Industries PLC.  Nomura also advised on certain aspects of the transaction.