Legal Business

Deal watch: Corporate activity in March 2016

TRAVERS SMITH ADVISES ON $540M SOFTWARE DEAL

Travers Smith and Kirkland & Ellis landed lead advisory roles on the $540m acquisition by Micro Focus of US firm Serena Software. In March, UK software firm Micro Focus said it would acquire Serena Software on a cash and debt-free basis for $540m. Travers Smith acted for longstanding client Micro Focus while Kirkland acted for Serena Software.