Travers Smith has advised long-standing client, Volex plc, the specialist integrated manufacturer of critical power and data transmission products, on its move from AIM to the Equity Shares (Commercial Companies) Category of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange.
The Travers Smith team on this transaction was led by our Corporate M&A and ECM Partner Tom Coulter and Senior Consultant Spencer Summerfield, supported by Senior Counsel Aisling Arthur, Senior Associate Jamie Durward and Associate Sylvia Mueller. Specialist advice was also provided by our Incentives and Remuneration Partner Elissavet Grout and Senior Counsel Claire Prentice.
Volex plc is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Their diverse operations support international blue-chip customers in five key end-markets: EV & Electrification, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, Volex orchestrates operations across 23 advanced manufacturing facilities, uniting approximately 12,500 dynamic individuals across 25 countries.
Volex plc had a market capitalisation of c.£1bn on admission to the Main Market and Peel Hunt acted as sponsor in connection with Admission.