Travers Smith advised Phoenix Equity Partners and Book Store Acquisitions on a recommended cash offer for Ottakar’s, which valued Ottakar’s issued share capital at £78.6m.

Corporate partners Edmund Reed and Andrew Gillen led the team for Travers Smith while Jonathan Richards at DLA Piper Rudnick Gray Cary acted for the management team and MacFarlanes corporate partner Simon Martin acted for Ottakar’s.