1. Home
  2. |Insights
  3. |DEAL NOTE: Crowell & Moring Advises PETRA Group on its Acquisition of HWSI Realisation Fund

DEAL NOTE: Crowell & Moring Advises PETRA Group on its Acquisition of HWSI Realisation Fund

Firm News | 1 min read | 07.23.20

London – July 23, 2020: Crowell & Moring is advising Cubitt Trade Holdings LLC, a member of the PETRA group (PETRA), on a recommended cash offer for the entire issued share capital of HWSI Realisation Fund Limited (HWSI). Under the offer, each HWSI shareholder will be entitled to receive 55.5 pence in cash for each HWSI share. The transaction, announced on July 22, is to be implemented by court-sanctioned scheme of arrangement under Guernsey law and is expected to close in Q3 2020. 

PETRA’s business is to acquire, fund and manage non-bank financial firms. HWSI, a secured lender to SMEs in the UK, is premium listed and traded on the London Stock Exchange’s Main Market. The proposed acquisition of HWSI will enable PETRA to acquire, in a single transaction, a sizeable portfolio of credit assets fitting its investment strategy.

The Crowell & Moring team representing Cubitt Trade Holdings LLC is led by London corporate partner Simon Evers and London associate Amanda Kwagala.

Insights

Firm News | 2 min read | 11.20.25

Crowell & Moring Earns Eleventh Straight Recognition in “GIR 100”

Washington – November 20, 2025: Global Investigations Review has named Crowell & Moring’s Investigations and White Collar & Regulatory Enforcement groups to this year’s GIR 100 for the eleventh consecutive year. The GIR 100 is an annual guide to the world’s leading cross-border investigations practices, recognizing 100 firms globally for their demonstrated ability to handle sophisticated government-led and internal investigations. The list is based on extensive research and client feedback....

View All Insights