Travers Smith led by corporate finance partner Anthony Foster has advised Arria NLG plc on its admission to AIM by way of introduction. Travers Smith have advised Arria NLG, over the past 18 months, on its investment in Data2Text Limited (a spin-out from the University of Aberdeen) and on several rounds of private pre-IPO fundraising culminating in the acquisition of the shares in Data2Text which it did not own, and its listing on AIM of both shares and warrants.

Arria NLG is a UK-headquartered software development business. Its target is to be the global leader in the development and deployment of mission-critical, core-industrial, enterprise-level natural language generation software technologies.  On admission, Arria NLG’s market cap is expected to be c. £102m.

The Travers Smith team included corporate associates Dan Simons and Hugh Hutchison, and tax partner Simon Yates.

Allenby Capital (the nominated adviser and broker) were advised by Pinsent Masons.