Steinfeld Law acted for Sir Lloyd Dorfman, the founder of Travelex, on the sale of some of his shares to Dr B. R. Shetty. Dr Shetty purchased shares from a number of existing shareholders including Lloyd Dorfman and Apax Partners (“Dr Shetty”).
Travelex is the world’s leading independent retail foreign exchange business, founded by Sir Lloyd Dorfman over 38 years ago. It has built the world’s largest retail network of specialist foreign exchange stores and has developed Travelex into a trusted and widely recognised global brand.
Steinfeld Law advised Sir Lloyd Dorfman on all aspect of the sale.
Dr Shetty was advised by Linklaters, whilst Travelex and Apax Partners were advised by Freshfields and Berwin Leighton Paisner. The Travelex management team were advised by Macfarlanes.