Legal DealFolio - Exponent Sale of Trainline to Kohlberg Kravis Roberts

Travers Smith LLP advised private equity firm Exponent and other shareholders on the sale of Trainline to Kohlberg Kravis Roberts, a US-headquartered investment firm. Trainline was launched in 1997 to sell rail tickets through the internet and call-centres and has since its establishment developed a robust IT platform with a strong focus on customer-driven innovation. In 2006 Trainline was acquired by Exponent Private Equity from a consortium of shareholders including Virgin, Stagecoach and National Express transport groups. Working alongside Exponent the company underwent an unprecedented growth and established itself as a market leader with 4.7 million active customers. It has developed the most downloaded travel mobile app in the UK and in addition to its consumer offering, it also provides rail booking solutions for large corporate entities and supports the online sales platforms of a number of train operating companies. The Travers Smith team, which advised Exponent on the sale to KKR, was led by private equity partners Lucie Cawood and Ian Shawyer, who were supported by corporate associate William Young and tax partner Russell Warren.

Deal Date:	29-01-2015	Practice Area:	Corporate and M&A
Deal Title:	Exponent Sale of Trainline to Kohlberg Kravis Roberts	Industry:	Support Services
Description:	Travers Smith LLP advised private equity firm Exponent and other shareholders on the sale of Trainline to Kohlberg Kravis Roberts, a US-headquartered investment firm. Trainline was launched in 1997 to sell rail tickets through the internet and call-centres and has since its establishment developed a robust IT platform with a strong focus on customer-driven innovation. In 2006 Trainline was acquired by Exponent Private Equity from a consortium of shareholders including Virgin, Stagecoach and National Express transport groups. Working alongside Exponent the company underwent an unprecedented growth and established itself as a market leader with 4.7 million active customers. It has developed the most downloaded travel mobile app in the UK and in addition to its consumer offering, it also provides rail booking solutions for large corporate entities and supports the online sales platforms of a number of train operating companies. The Travers Smith team, which advised Exponent on the sale to KKR, was led by private equity partners Lucie Cawood and Ian Shawyer, who were supported by corporate associate William Young and tax partner Russell Warren.
Financial Center:	London	Value:	0.00-0.00
Advised Party:	Vendor	Law Firm	Travers Smith
Target Company Jurisdiction	United Kingdom	Acquiror Jurisdiction	United States
Classification:	Financial Buyer Acquisitions Secondary Buy-Out	Lawyer	Ian Shawyer

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers