Travers Smith and Taylor Wessing have won roles on the $475m (£308m) acquisition of US broadband manufacturing company 2Wire by Yorkshire-based set-top box maker Pace.

Travers head of corporate finance Spencer Summerfield (pictured) advised longstanding client Pace on the purchase, which was announced last week (26 July) and will now see Pace look to raise debt from banks, with the deal set to close by the end of the year.