Fleet News

Mills & Reeve advises Trafficmaster on takeover

Mills & Reeve has advised Trafficmaster plc's executive eam in relation to the takeover of Trafficmaster by Vector Capital Limited.

The offer valued the intelligent driving and satnav business at approximately £73.3 million.

Mills & Reeve was appointed to Trafficmaster plc's panel of legal advisers in 2009 after a competitive tender involving other leading national law firms.

Trafficmaster's executive directors approached Mills & Reeve during the course of their negotiations with Vector Capital with a view to obtaining strategic and focused legal advice in relation to a number of different issues.

The team helped the directors navigate through their own negotiations with Vector Capital whilst ensuring that the overall transaction was kept on track.

As well as Mills & Reeve (who advised Trafficmaster's executive directors),

Canaccord Genuity acted as financial adviser to Trafficmaster, Pinsent Masons acted for Trafficmaster, Panmure Gordon acted as financial adviser to Vector Capital and Shearman & Sterling acted as legal adviser to Vector Capital.


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