Travers Smith advises on £250m placing by Playtech PLC
Travers Smith Corporate Finance partner Richard Spedding has advised Canaccord, UBS and Shore Capital on the £250m accelerated bookbuild placing for Playtech plc.
Canaccord Genuity is acting as Sponsor and Joint Bookrunner, UBS as Joint Bookrunner and Shore Capital as Lead Manager to the placing. Playtech is to use the proceeds to fund future acquisitions including Plus500 and, potentially, a midsize B2C broker over which its newly acquired subsidiary TradeFX has an option to purchase.