Financial services provider Hawksford has supported the sale of a significant stake in online beach holiday provider On the Beach.
Hawksford acted as a trustee and shareholder on the sale of 2.8 million shares at 240.00 pence on the London Stock Exchange in December 2016, helping to raise £6.8 million for the selling shareholder it represents.
Private equity firm Inflexion formed part of the total 14 million shares sold, raising £33.6 million in aggregate.
Hawksford worked with London-based law firm Ashurst and Carey Olsen, which also supported the shareholders throughout the transaction.
After the placing, Inflexion retained a stake of 23.5 per cent in On the Beach, while the management sellers (including Hawksford), retain a 15.1 per cent stake.