Ideagen plc’s £1.058 Billion recommended Takeover Offer by Rainforest Bidco Limited

Travers Smith LLP advised Ideagen plc on the deal.

Ideagen plc received a recommended £1.058bn takeover offer by Rainforest Bidco Limited, a company indirectly controlled by funds managed by Hg Pooled Management Limited (“Hg”), announced on 9 May 2022 (the “Hg Offer”).

Ideagen, listed on the London Stock Exchange AIM market (Ticker: IDEA.L), is a leader in the +$30 billion regulatory and compliance software sector.

The Hg Offer is currently expected to complete during July 2022.

The Travers Smith team was led by Corporate Partner Richard Spedding (Picture), supported by Senior Associate Graeme Earle, Associate Virginia Holdenson and Trainee Haroon Zaman. The team also included Head of Incentives & Remuneration Mahesh Varia, supported by Senior Associate Claire Prentice and Associate Hugo Twigg, with merger control/NSIA support from Head of Competition Nigel Seay and Senior Associate Richard J. Brown.

Involved fees earner: Richard Brown – Travers Smith; Graeme Earle – Travers Smith; Virginia Holdenson – Travers Smith; Claire Prentice – Travers Smith; Nigel Seay – Travers Smith; Richard Spedding – Travers Smith; Hugo Twigg – Travers Smith; Mahesh Varia – Travers Smith;

Law Firms: Travers Smith;

Clients: Ideagen plc;

Giulia Di Palma

Author: Giulia Di Palma