International legal practice Osborne Clarke has advised UK lower mid-market investor, Tenzing Private Equity, on its investment in Ticketer, the UK’s leading provider of bus ticketing technology.
Since entering the market in 2010, Ticketer has grown to become the UK market leader at the forefront of smart electronic ticketing technology across the bus sector. Ticketer’s software enables passengers to use the latest payments technologies, whilst providing bus operators with real-time performance insights to improve efficiency, service levels and profitability.
Widely renowned as the most innovative provider in the industry, Ticketer’s clients include some of the largest national operators, including First Bus, Arriva, and Go-Ahead, and some 70% of the UK’s regional operators. The company has achieved outstanding revenue growth of over 50% year-on-year over the last three years.
The Osborne Clarke team was led by Private Equity Partners Alistair Francis and Tim Hewens. Alistair and Tim were assisted by Senior Associate Sarah Crabtree, Associates Sara McDiamond, Kate Robinson and John Oladeji, in addition to specialists from across the firm including Tax Partner David Nisbet and Associate Luolan Dong, who provided tax structuring advice on the transaction.
Osborne Clarke’s corporate team is considered a go-to practice for many companies in the tech, media and comms, and transport and automotive sectors, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.