Firms To Watch: Private equity: transactions - mid-market deals (up to £250m)

Baker Botts (UK) LLP substantially bolstered its private equity offering in January 2022, when it brought on David Marshall from Norton Rose Fulbright.
Led from Manchester by Alasdair Outhwaite and Jonathan Robinson , DWF expanded its presence in London in May 2021, when it brought on Alexis Karim from Bryan Cave Leighton Paisner LLP
Based in Leeds, Walker Morris LLP acts for national and international PE funds in buyouts and portfolio company M&A. Debbie Jackson leads the team.
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Private equity: transactions - mid-market deals (up to £250m) in London

Addleshaw Goddard

Praised as an ‘absolutely brilliant team working at the very top end of their game’, Addleshaw Goddard has a proven track record in mid-market private equity and continues to act for a range of buyout houses on both acquisitions and exits. In addition to its sponsor-side work, the practice also acts on the management side of deals including representing public companies. Yunus Seedat now serves as divisional head of corporate and commercial, with Mike Hinchliffe leading the private equity team. Graham Cross is another name to note in this space, with particular expertise handling deals involving financial services companies. Gemma Phillips was promoted to partner in May 2021. The London-based team works closely with its other offices around the UK, with Paul Medlicott in Manchester a particularly active partner in this area. The wider firm also continues to expand its presence in Europe, opening a Paris office in 2021 and a Dublin office in April 2022.

Responsables de la pratique:

Mike Hinchliffe

Autres avocats clés:

Yunus Seedat; Graham Cross; Paul Medlicott; Gemma Philips; Marc Field; Nathan Pearce

Les références

‘Absolutely brilliant team working at the very top end of their game.’

Principaux clients

Accel KKR

CBPE

ECI Partners

Equistone Partners Europe

H2 Equity Partners

Inflexion Private Equity

LDC

Phoenix Equity Partners

Synova Capital

Terra Firma

Principaux dossiers

  • Advised Terra Firma on the acquisitions of Kier Living (now Tilia Homes) and Hopkins Homes.
  • Advised CBPE on its investment in Mindera.
  • Advised ECI Partners on the disposals of Edenhouse and CPOMS.

DLA Piper

DLA Piper advises a growing client base on transactions across the full private equity lifecycle, and is valued by clients for its ability to handle multi-jurisdictional European deals. In addition to its strong reputation for representing mid-market PE houses, the practice is also well-known for advising management teams. Tim Wright and Ed Griffiths both have substantial experience acting for all parties in PE transactions, including handling cross-jurisdictional matters. Piero Carbone is also well-regarded, while John Pryor remains highly rated for his work with management teams and institutional clients, who value him for his ‘professional and communicative’ approach to deals. Philip Allenby was promoted to partner in May 2022.

Responsables de la pratique:

Tim Wright

Autres avocats clés:

Piero Carbone; Ed Griffiths; John Pryor; Philip Allenby; David Raff

Les références

‘Great pan European coverage. Great experience of deals in this value range. One of the top management advisory teams in Europe.’

‘Ed Griffiths is very focused on the client’s requirements and very responsive. He gives very pragmatic and well thought out advice. Tim Wright is very experienced and exceptional at clearly explaining the issues to the client and presenting a solution.’

‘My experience with the DLA team has left me wondering why I ever used another legal firm previously. They are genuinely second to none: approachable, knowledgeable, no nonsense approach, don’t hide behind legal jargon and fight your corner to whatever extent you want them to. Nothing was ever too much trouble and I always felt they were going over and above to achieve success for us as a business and in the most timely manner possible.’

‘John Pryor remained professional and communicative at all times and looked to find compromises when it seemed there was no way forward. Tim Wright’s no nonsense approach probably precedes him but I haven’t come across another lawyer like him and would highly recommend you engage Tim and the team in any deal transaction. It really was a pleasure to work with these guys and I am delighted to be able to give such a glowing reference as I genuinely mean every single word.’

Principaux clients

Beech Tree Private Equity

Bregal Milestone

Duke Street Capital

EMK Capital

Carlyle

H.I.G. European Capital Partners

Inflexion Private Equity Partners

Lloyds Development Capital

Ascot Lloyd management

Intermediate Capital Group

Acolin Holding AG management team

EQT Ventures

Symphony Technology Group

Blackstone

Encore Capital

Lloyds Development Capital

Three Hills Capital Partners

Graphite

Gresham House

RGI (management)

Solomon (management)

EMI Capital

Principaux dossiers

  • Advised Cloudreach and Blackstone on the sale to Atos.
  • Advised Encore Capital and the Third Space management team on the disposal of Third Space Holdings Limited to KSL Capital Partners and the subsequent reinvestment by Encore and Management into the group structure alongside KSL.
  • Advised Graphite Capital Management on its acquisition of the publishing business Lostmy.name Ltd (trading as Wonderbly), obtaining debt finance and the the equity roll-over of the target’s existing management team into the purchasing vehicle.

Macfarlanes LLP

In addition to its work on high-value deals, Macfarlanes LLP remains one of the most active names in the mid-market private equity space, where it advises buyout houses across the lifecycle of investments. The group’s work in 2021 included advising on carve-out acquisitions from public companies as well as handling portfolio company M&A and assisting management teams on sales to PE. Alex Edmondson heads up the team and focuses on acting for sponsors in buyouts, while Jessica Adam has recently been engaged on a string of mandates from management teams. Other partners to note include Stephen Drewitt, who has deep experience in this space, Justin Hope and Stephen Pike.

Responsables de la pratique:

Alex Edmondson

Autres avocats clés:

Jessica Adam; Stephen Drewitt; Stephen Pike; Justin Hope

Les références

‘The team was excellent, always available and taking special care with how they handled us as clients. A real can-do attitude coupled with deep expertise. Also creative in the way that they were prepared to look into solving complex and difficult issues.’

‘A senior, tailored service. Alex Edmondson is all over what matters.’

‘Stephen Pike was particularly good on our deal. Very heavily involved and we really felt as the client that Stephen had our back the whole time which in a very demanding, competitive P/E auction process was a massive relief and advantage.’

Principaux clients

J.C. Flowers & Co

Exponent Private Equity LLP

Alchemy

H2 Equity Partners

Waterland Private Equity Investments

Caledonia Investments plc

Charme Capital Partners

KPS Capital Partners

Epiris

GHO Capital

Graphite Capital

Hayfin Capital Management

Wellspring Capital

August Equity

Partners Group

Duke Street

Apollo

Principaux dossiers

    Pinsent Masons LLP

    Pinsent Masons LLP‘s ‘high quality and dedicated team’ stands out in the market for its geographic breadth, with a practice spread across UK offices in London, Glasgow and Manchester and that frequently collaborates with other teams around Europe. Practice head Edward Stead is a key contact for PE deals, acting for funds on both the buy and sell-sides of transactions. In the ‘very strong’ Manchester office, Kieran Toal and Amie Norris are both active in this space, while in London Andrew Masraf  focuses on representing management teams and Tom Leman is noted for his work in the retail sector.

    Responsables de la pratique:

    Edward Stead

    Autres avocats clés:

    Kieran Toal; Amie Norris; Andrew Masraf; Tom Leman; Joanne Ellis; Barry McCaig; Michael Smtih; Katie Porter; Chris Watts

    Les références

    ‘Strong collaboration. The Pinsent Masons team is responsive to needs.’

    ‘Andrew Masraf is personable, always contactable and excellent at fielding questions, prepared to give a view.  Chris Watts – strong and trusted corporate adviser, builds good relationships and is a great advocate for firm and client organisation’

    ‘Exceptional. High quality, diverse teams who collaborate strongly while owning issues.’

    ‘We have instructed the team at Pinsent Masons on our larger M&A and equity investments for a number of years. A genuinely high quality and dedicated team who are into the detail yet remain commercial and balanced.’

    ‘Barry McCaig and Michael Smith take time to know their clients and understand their commercial requirements. Both provide excellent, client focused technical advice.’

    ‘A very strong Manchester team, who led the exit transaction extremely well and dealt with issues in a sensible and timely fashion. The ability to access specialist resource was also important as some potential issues arose.’

    ‘Amie Norris and Katie Porter deserve specific mention. Their preparation , organisation and effort was incredible and undoubtedly helped achieve a fantastic result for the shareholders and all involved. Their attention to detail and ability to focus on the critical and important key deal items was fantastic to see and be part of.’

    Principaux clients

    Sabio

    Railpen

    Waterland Private Equity

    Mayfair Equity Partners

    MML Capital Partners

    Livingbridge

    LDC

    Inflexion

    Sovereign Capital Partners

    M Group Services

    Kids Planet Day Nurseries

    Palatine Private Equity (including Impact Fund)

    Horizon Capital

    Bridges Ventures

    Partou / KidsFoundation

    Scottish Equity Partners

    Condeco Group

    Principaux dossiers

    • Advised Sweaty Betty, Simon and Tamara Hill-Norton (founders) and senior management team on the $410m sale of private equity backed global active wear and life-style brand, Sweaty Betty, to Wolverine World Wide, Inc.
    • Advised LDC and the management shareholders on the sale of SRL Traffic Systems to 3i Infrastructure after working on the initial investment into the business by LDC.
    • Advised Livingbridge on its investment in North SP Group (North) and the immediate follow-on investment of Data Techniques.

    Travers Smith LLP

    Travers Smith LLP‘s ‘technically excellent, thoughtful and commercial’ team has a proven pedigree in the private equity mid-market, where it acts for a host of prominent names including TA Associates, Inflexion, Bridgepoint and ECI Partners. The team acts for these clients across the full private equity lifecycle, from acquisitions to bolt-on deal through to exits. Ian Shawyer heads up the PE group and has substantial expertise in cross-border M&A. Lucie Cawood is a highly rated partner in this space, while Ian Keefe is praised by clients as a ‘truly outstanding lawyer’. 

    Responsables de la pratique:

    Ian Shawyer

    Autres avocats clés:

    Lucie Cawood; Ian Keefe; George Weavil; Genna Marten; Jessica Cragg

    Les références

    ‘The team at Travers is technically excellent, thoughtful and commercial. They are always on top of the detail, never panic and are totally reassuring to work with. Creative where relevant and I have a sense that I am an important client – how they manage to achieve this for so many clients is impressive.’

    ‘Ian Keefe is a truly outstanding lawyer. Qualities I ascribe to Ian are trust, competence, smarts, experience, thoughtfulness, commerciality. Jessica Cragg – working with Ian and co has seen Jess develop into an excellent lawyer and I have noticed her particular development over the last 12 months. She will likely develop into a leading lawyer in the team at Travers.’

    ‘My main partner contacts are Ian Keefe and Lucie Cawood. Both are very quick to respond to questions I put to them, and both are very commercial in their approach. Both stand up well to opposing lawyers on the other side of the deal.’

    ‘I have worked with the Travers corporate team on a number of deals, and they are about to embark on another project for me. I like the way they have two partners on each deal with split responsibilities and it provides helpful cover and continuity over time. Their service has always been high quality and timely.’

    ‘Highly commercial. Strong technical skills. Relationship driven – very accessible and good communicators. Good value. Fun to work with.’

    Principaux clients

    3i Group

    August Equity

    Bridgepoint

    CBPE Capital

    CGE Partners

    ECI Partners

    Epiris

    Equistone

    Exponent

    Graphite Capital

    IK Partners

    Inflexion

    Intermediate Capital Group

    Livingbridge

    Marlin Equity Partners

    Phoenix Equity Partners

    TA Associates

    The Access Group

    Principaux dossiers

    • Advised TA Associates and certain other shareholders on the sale of Flashtalking to Mediaocean (a portfolio company of Vista Equity Partners).
    • Advised ECI Partners and management on the sale of Content+Cloud group to Advania, a leading IT-provider in the Nordics.
    • Advised CBPE Capital and management shareholders on the sale of Xceptor to Astorg.

    Akin Gump LLP

    Noted for its highly international practice, Akin Gump LLP continues to act on a steady stream of mandates from PE houses and sovereign wealth funds. The team has a particular focus on deals involving African companies and also regularly handles transactions in Asia and Europe. Shaun Lascelles and Simon Rootsey offer specialist expertise in the energy sector, especially oil and gas, while Gavin Weir has broad expertise but has recently been highly active in financial services deals. Weyinmi Popo handles infrastructure PE deals across energy and telecommunications. Stephen Brown joined the firm in November 2021 and has a niche advising on the structuring of  management team incentives and equity arrangements in relation to PE deals.

    Responsables de la pratique:

    Shaun Lascelles; Gavin Weir; Simon Rootsey

    Autres avocats clés:

    Weyinmi Popo; Sebastian Rice

    Les références

    ‘An exceptional all-around team.’

    ‘Gavin Weir is an exceptional partner, with deep knowledge and understanding of the issues at hand. He has an outstanding way of finding solutions while protecting his clients.’

    Principaux clients

    Vitol S.A/ VIP II Blue B.V.

    VPI Holding Ltd.

    Piraeus Bank

    Alpha Bank SA

    Mediobanca S.p.A. and Cairn Capital Group Limited

    Fortenova Grupa d.d.

    Carlyle

    Helios Investment Partners LLP

    Vitol S.A/ VIP II Blue B.V.

    VPI Holding Ltd.

    Principaux dossiers

    • Advising VIP II Blue B.V, a wholly-owned subsidiary of Vitol Investment Partnership II Ltd (VIP II), in its $2.3 billion takeover of Vivo Energy Plc. VIP II is an investment vehicle advised by employees of the commodities trader Vitol.
    • Advised Piraeus Bank on the €300 million sale of its Merchant Acquiring Unit to global payments specialist Euronet Worldwide and the formation of a long term strategic partnership between Piraeus Bank and Euronet worldwide.
    • Advising Emerging Capital Partners on its (i) acquisition of a 95.36% stake in Burger King South Africa and 100% of Grand Foods Meat Plant from Grand Parade Investments; and (ii) negotiation of a shareholders’ agreement and renegotiation of company franchise agreements with Burger King Europe.

    Ashurst

    Ashurst has many years' experience in mid-market private equity, including acting for both sponsors and portfolio companies on acquisitions, investments and disposals. The team receives plaudits from clients for its combination of ‘superlative technical wizardry’ and an ‘excellent understanding of the commercial realities of transactions’. The private equity practice, led by the highly experienced David Carter, also regularly acts alongside the firm’s corporate group to handle public M&A involving private equity. Carter is ‘a partner of exceptional quality’ and also serves as co-head of the firm’s global PE group; clients praise him as ‘quick, effective, creative and pragmatic’. Braeden Donnelly is valued for his commercial approach to dealmaking and is ‘thorough, knowledgeable and extremely reliable’ while Markjan Van Schaardenburgh is particularly active on portfolio company M&A.

    Responsables de la pratique:

    David Carter

    Autres avocats clés:

    Braeden Donnelly; Markjan van Schaardenburgh; Bruce Hanton; Jacob Gold

    Les références

    ‘Ashurst brings excellent understanding of the commercial realities of transactions, together with excellent understanding of what we are seeking. Ashurst is able to bring creativity to find solutions to problems, both in due diligence and in negotiation and structuring.’

    ‘David Carter is a partner of exceptional quality. He is not afraid to tell a client when they are making a mistake, but is always sensitive to the emotions of deal-making. He is a real champion of his clients, supporting them in ways that go beyond the specific project at any time.’

    ‘Braeden Donnelly is thorough, knowledgeable and extremely reliable. He is commercially minded, understands when flexibility is needed and when it isn’t, and instead of simply flagging legal risks/issues he always comes with options/suggestions on how to address them, which is incredibly helpful. As an added bonus, he is lovely to work with and has a great sense of humour.’

    ‘Markjan van Schaardenburgh can handle multiple situations/issues which allows us to use him for more than just a specific topic. This allows for efficiencies which lead to quick responses and ultimately cost savings.’

    ‘Each level of the team is more competent than the last, with every layer super user-friendly. As a firm, they are as supportive and commercial with their clients as they are when in ‘deal mode’, with their superlative technical wizardry being weaved into deals with an effortless and charismatic nonchalance.’

    ‘The entire team was fantastic, but Braeden Donnelly and Sara Hamzawi in particular stood tall amongst their peers. The level of attention and insight into the documentation was fantastic and left us panting to keep up.’

    ‘Excellent team providing superb client service. Commercial, effective, problem solvers. Highly competent with a personal touch.’

    ‘David Carter is an exceptional legal talent. Quick, effective, creative and pragmatic.’

    Principaux clients

    Agilitas

    Sprints Capital

    Axiom Equity Partners LLP

    Sonae SGPS S.A.

    Kier Group

    JPI Media Group

    WM Morrison Supermarkets PLC

    Babcock International Group

    British Business Bank

    Goldman Sachs International

    EmergeVest

    Nomura

    CBPE

    J.C. Flowers

    Principaux dossiers

    • Advised Agilitas on the buyout of Frontier Medical Group, a leading medical device manufacturer that focuses on skin and wound care.
    • Advised  Morrison Supermarkets plc on  competing offers for the company by Clayton, Dubilier & Rice LLP and Fortress Investment Group.
    • Assisted Kier Group plc on the £110m disposal of Kier Living to Foster BidCo Limited.

    Dentons

    Dentons continues to be highly active in cross-border PE transactions, where it leverages its network of offices around the world to act for both sponsors and portfolio companies. Clients value the PE group, which acts across a broad range of sectors, for its ‘practical advice in terms of moving deals towards completion’. Nicholas Plant and Stephen Levy are key names to note in the department, with experience acting for buyout houses including KKR, KPS and LeapFrog. Plant co-heads the firm’s global private equity group and is praised as having ‘industry expertise and a fresh business-oriented approach’.

    Autres avocats clés:

    Nicholas Plant; Stephen Levy; Joseph Altendorff; James Davison; Matthew Tinger

    Les références

    ‘Able to blend offices and people to deliver at a sensible cost point (uses right people for right jobs rather than one size fits all). Clear and prompt billing helps us stay ahead of issues. Coverage across all key services that we needed.’

    ‘Nick Plant was both available and on top of the detail throughout the transaction – he also managed the wider Dentons team effectively and was authoritative in supporting our non-executive directors through the deal.’

    ‘Offers expertise, availability and delegation to the appropriate level. Quick response times’

    ‘Practical advice in terms of moving deals towards completion.’

    ‘Nicholas Plant is a remarkable lawyer with industry expertise and a fresh business-oriented approach. He is a reliable source to our organization and is able to connect us with other team players for our different transactions. Highly recommendable. Billing is fair.’

    ‘Matthew Tinger was very engaged and available. One key differentiator is that he “owns” a process and will guide the deal team/ proactively manages the process and pushes documents along. At the same time, very efficient in work scope and fair with regards to billing.’

    Principaux dossiers

    • Advised CPPIB and other private equity owners of CompareTheMarket.com on the auction sale of subsidiary BGLi to Pollen Street Capital portfolio company Markerstudy for £400m.
    • Advised BNF Capital on its joint venture with Rolls Royce to develop small modular nuclear reactors, with £210m of matching funds from UK Government .
    • Advised global B2B payments company, Trevipay (a portfolio company of Corsair Capital, a NY and London based private equity firm) on the sale of MSTS Tolls to Shell.

    Eversheds Sutherland (International) LLP

    Eversheds Sutherland (International) LLP acts for a broad client base of mid-market buyout houses on deals across Europe, with experience acting across a range of sectors. The practice is instructed on a steady stream of acquisitions and investments, and also routinely represents both sponsors and management teams on exits. The team, which is praised by clients for its ‘sector experience and pragmatic, proactive approach’, is headed by James Trevis in London and is spread across the firm’s UK offices. In London, Richard Kyle is another key name to note, with Mark Beardmore in Birmingham and Robin Skelton in Leeds also highly active dealmakers. The UK team also frequently works with the wider firm’s offices in Europe to handle multi-jurisdictional transactions. Jon Gill joined the team in September 2021 from TLT, while Walter Kulvick joined from Ashurst in May 2022. Ceri-Ann McGraa was promoted to partner in the same month.

    Responsables de la pratique:

    James Trevis

    Autres avocats clés:

    Richard Kyle; Mark Beardmore; Robin Skelton; Jon Gill; Walter Kulvick; Ceri-Ann McGraa; Lizzy Tindall

    Les références

    ‘Lizzy Tindall is extremely hard working and efficient. She’s been a huge asset for our firm in bridging the gap between “market” practice in US vs. UK/European LBO transactions.’

    ‘Combination of international reach and UK network allowing efficient support for both domestic and international transactions.’

    ‘An extremely hard working team. Very commercially focused. Assisted in overcoming some of non-legal challenges. Great communication and extremely trustworthy’

    ‘Our experience of working with Eversheds is that they are able to move quickly and are always incredibly responsive. Combined with the team’s sector experience and pragmatic, proactive approach they ensure their internal experts give swift responses and the coordination with the other advisers ensured that our part in the transaction is always extremely straightforward.’

    ‘In tricky situations they take time to listen to the issue, to ensure they understand it and are then efficient in researching and analysing the potential creative solutions that can be developed. There is always clear, calm communication as to what is required and they will keep working with us until the most suitable solution has been delivered.’

    Principaux clients

    Livingbridge

    Inflexion

    H2 Equity Partners

    CBPE Capital Partners

    Sovereign Capital

    Baird Capital Partners Europe

    LDC

    Aurelius

    EMK

    Arcline Capital Partners

    Inspirit

    Elaghmore

    Equistone

    Silver Tree

    Pollen Street Capital

    Specialist Risk Group (HGGC backed)

    Jaja Finance Limited (KKR & others)

    Goodwin

    Goodwin‘s work in the private equity space includes acting for a broad and growing client base of mid-market funds on acquisitions, exits and portfolio company M&A. The practice is sector-agnostic, with experience handling deals involving technology, financial services, consumer goods and life sciences companies. In addition to its work in mainstream PE, the practice also handles infrastructure and growth capital deals. Practice head Richard Lever is ‘focused on finding ways to help get the transaction over the line’, with Carl Bradshaw, Gemma Roberts and James Grimwood all highly active in the mid-market PE space. The private equity partners work closely with the firm’s tax and finance partners to provide a comprehensive service to clients.

    Responsables de la pratique:

    Richard Lever

    Autres avocats clés:

    James Grimwood; Gemma Roberts; Carl Bradshaw; Michael Miranda; John van der North; Michelle Tong

    Les références

    ‘Richard Lever is responsive, knowledgable, very much focused on finding ways to help get the transaction over the line.’

     

    Principaux clients

    Accel-KKR

    Antin Infrastructure Partners

    Bregal Milestone

    Graphite Capital

    Inflexion Private Equity

    Levine Leichtman Capital Partners

    Mayfair Equity Partners

    Queens Park Equity

    TA Associates

    TowerBrook Capital Partners

    Principaux dossiers

    • Advised Levine Leichtman Capital Partners on its acquisition of the entire issued share capital of Prime Global Medical Communications Ltd., a collection of communications solutions agencies focusing on global medical affairs and scientific publications.
    • Acted for Mayfair Equity Partners on a number of matters, including on its acquisition of Tangle Teezer and on a number of portfolio company transactions.
    • Advised Bregal Milestone on the buyout of Redstor.

    Hogan Lovells International LLP

    Hogan Lovells International LLP has a strong presence in the private equity mid-market, with expertise handling cross-jurisdictional deals for prominent buyout houses. While the team is active across a range of sectors, it has a particular focus on regulated industries such as financial services and healthcare. Practice head Ed Harris regularly assists on buyouts, exits and investments and is also skilled at advising on complex transactions such as secondaries and co-investments. Corporate partner John Connell is another figure to note in the private equity space. Anthony Doolittle ‘brings quality and breadth’ and was promoted to partner in January 2022.

    Responsables de la pratique:

    Ed Harris

    Autres avocats clés:

    John Connell; Leanne Moezi; Anthony Doolittle

    Les références

    ‘Anthony Doolittle brings quality and breadth to Hogan Lovells.’

    ‘What distinguishes Hogan Lovells is a positive blend of technical skill, practical application and market knowledge’

    ‘John Connell is accessible, knowledgeable and practical’

    Principaux clients

    Ares Management

    British Business Bank

    Committed Advisors

    Eurazeo

    Expedition Growth Capital

    GCM Grosvenor

    IH International

    Infratil

    Pantheon Ventures

    Patron Capital Advisers

    Ventiga Capital Partners

    Principaux dossiers

    • Advised Patron Capital Partners on its sale of Punch Pubs to Fortress Investment Group.
    • Advised Pantheon Ventures acting as lead investor in the GP-led secondary of two direct lending funds of Eurazeo.
    • Advised Eurazeo on G Square Healthcare Private Equity LLP’s closing of a €500 million continuation fund vehicle in connection with the acquisition of three existing assets from its existing vehicles, G Square Capital I and G Square Capital II

    Mayer Brown International LLP

    Mayer Brown International LLP acts for a host of new and established clients on sponsor-side private equity deals, advising on acquisitions, exits and joint ventures. The team is notably active in the technology sector, and also handles real estate and infrastructure PE transactions. Perry Yam leads the practice and is a highly experienced dealmaker in the mid-market space; James West is another key figure in the team and stood out in 2021 for his work on carve-out acquisitions. Neil Evans departed the practice in December 2021, while Tarun Patel and Electra Callan joined from Ropes & Gray in August 2021 and were made up to partner in January 2022.

    Responsables de la pratique:

    Perry Yam

    Autres avocats clés:

    James West; Tarun Patel; Electra Callan

    Les références

    ‘The team (for us James West and Electra Callan) always perform to the highest standards and deliver to tight timelines. They have a unique ability to connect with their counterparties to ensure a seamless legal process and execution.’

    ‘James West is very strong at building relationships with opposing counsel.’

    ‘I worked with Perry Yam’s team at Mayer Brown on a recent UK deal. It was a super experience. They were helpful on deal process and then on a rapid escalation to get the deal nearly closed in the two weeks before Christmas. We had extraordinary access to four partners during the process’

    ‘I worked with Perry Yam, James West, Electra Callan and Tarun Patel. All were exceptional.’

    ‘Perry Yam leads the team effectively and is able to cut through complex problems. James West is highly responsive and a pleasure to work with’

    Principaux clients

    Vitruvian Partners

    Marlin Equity Partners

    EMK Capital

    Aurelius Group

    CBPE Capital

    Equistone Partners

    Francisco Partners

    Instincif Partners

    Melrose Industries PLC

    Stirling Square Capital Partners

    The Halifax Group

    Vitruvian Partners

    Star Capital

    Inspirit Capital

    Permira

    Europi Capital

    L Catterton

    Bain Capital

    Star Capital

    Sovereign Capital

    Magnetar Capital

    AP Maersk

    Principaux dossiers

    • Advised Marlin Equity Partners on a number of deals, including growth investments.  
    • Acted for Vitruvian Partners in its acquisition of AnyVan Group.
    • Advised Magnetar Financial LLP on the sale of KIMS Hospital, the largest independent private hospital in Kent, to LycaHealth.

    Osborne Clarke LLP

    Osborne Clarke LLP’s private equity team forms an integral part of its private capital offering, and is active both in mainstream PE as well as the growth capital space. The practice offers clients expertise in acting on the buy and sell-sides of private equity deals for buyout houses and a growing roster of management teams. Alisdair Livingstone leads the practice and has a broad client base of PE funds, while Greg Leyshon is the key partner on transactions for Lloyds Development Capital. Tim Hewens has experience in PE and M&A, while Alistair Francis  is praised by clients for his work in this space.

    Responsables de la pratique:

    Alisdair Livingstone

    Autres avocats clés:

    Tim Hewens; Greg Leyshon; Alistair Francis; Mark Spinner; Alex Littlefield

    Les références

    ‘Worked with me as a client, enabling increased efficiencies and ultimately making my life easier whilst giving me what I need’

    ‘Most of my work is with Alistair Francis, supported by Alex Littlefield. I lean heavily on both and find them to be commercial, pragmatic, diligent and always have the best interests of their client at heart.’

    Principaux clients

    Kester Capital

    Queen’s Park Equity

    Blixt

    LDC

    Cadence

    Alcuin Capital Partners

    Synova

    GCP

    Tenzing

    Five Elms

    BGF

    Principaux dossiers

    • Advised LDC and the other shareholders, including the ADEY senior management team, on the sale of ADEY to Polypipe Group plc, valuing the business at £210m.
    • Advised ECI Partners and the management team, on the sale of the successful global digital communications company, Investis Digital, to Investcorp.
    • Advised the management shareholders of Southern Communications on its management buyout backed by Ares Management, the leading global provider of debt and equity finance.

    Squire Patton Boggs

    Squire Patton Boggs‘ private equity practice draws on partners in London, Leeds, Manchester and Birmingham to provide wide-ranging advice to clients. In addition to acting for sponsors, the team stands out for its work representing management teams in sales to private equity, PE-backed management buyouts, investments and re-investments. Paul Mann leads the European PE team and is an ‘excellent client partner’ to buyout houses, management teams and shareholders. Jonathon Jones and Ben Squires also have a focus on PE transactions.

    Responsables de la pratique:

    Paul Mann

    Autres avocats clés:

    Jonathan Jones; Ben Squires; Mae Salem; David Milne; Giles Chesher; Mark Yeo; Joe Abbott; Charles Leeming; James Fitzgibbon

    Les références

    ‘Great knowledge, skill and availability. They all know what’s going on so they can each ensure issues are dealt with.’

    ‘I trust the partners there – Jonathan Jones, Charles Leeming, James Fitzgibbon. They do things in the right way (i.e. they have morals) and they give advice, not just options’

    ‘Great team, worked well together, clear distinction of roles, excellent pragmatic advice’

    ‘Mark Yeo and Joe Abbott both excellent. Sensible pragmatic advice, always calm, worked well with PE firm lawyers, non-adversarial approach, worked very hard and always available when needed.’

    ‘The Squires team are extremely proactive and reactive in terms of deliverables. They also have a very commercial viewpoint and are excellent at sifting through points which need client input, taking the load on other points. Squires go above and beyond in terms of covering all considerations.’

    ‘Mae Salem was standout for our deal and was never phased by challenging situations with a very clear attitude of getting the deal done with the best terms for us, the client.’

    ‘Excellent communication / deal management and commerciality.’

    ‘David Milne is an excellent deal manager – incredibly responsive and measured. Paul Mann is an excellent client partner – available at all the right times. Giles Chesher has excellent PE experience.’

    Principaux clients

    ECI Partners

    Growth Capital Partners

    NorthEdge Capital

    Business Growth Fund

    Inflexion Private Equity

    H2 Equity Partners

    Rockpool Investments

    Endless

    LDC

    Perwyn LLP

    MML Capital Partners

    TPA Capital

    The Craftory

    Principaux dossiers

    • Acted as lead counsel for MML Capital Partners and all shareholders of Waystone on the sale of the group to Montagu, at reported value of $1.3 billion..
    • Advised on the sale of the entire issued share capital of Outright Games Limited to EMK Capital.
    • Advised on the sale of Reward Gateway by Great Hill Partners and fellow shareholders to Castik Capital and Abry Partners.

    Taylor Wessing LLP

    Taylor Wessing LLP is particularly well-known for its work in the technology and life sciences sectors but also regularly advises clients from sectors including manufacturing, professional services and retail. The team’s client base includes a variety of mid-market sponsors, and it has developed a particular niche  advising on growth investments. Emma Danks leads the ‘highly collaborative’ team and is regarded as a highly experienced dealmaker in the PE space with a ‘keen eye for potential issues’. Edward Waldron and James Goold are also key partners in the practice. Suzy Davis was promoted to partner in May 2022.

    Responsables de la pratique:

    Emma Danks

    Autres avocats clés:

    Edward Waldron; James Goold; Jonny Bethell; Alex Walker; Suzy Davis

    Les références

    ‘Really strong team – capable partners and high quality associates. Very commercial, strong negotiation skills, but also listened to our needs. Transparent costs too’

    ‘The Taylor Wessing team were highly collaborative, maintained a fantastic rhythm in their communications and advice to the management team. Explained issues and potential solutions clearly and accurately and worked diligently to explore all alternatives before moving forward. At all times personable and contactable with great response times.’

    ‘Emma Danks was demonstrated a deep understanding and keen eye for potential issues in all of the work streams.’

    ‘Successfully handling very complex deal structures and directly addressing several stakeholders with a commercial approach that made all the difference for us (a PE buy-side client). TW has an edge in today’s fast pace growth equity market – as a firm and as individuals.’

    ‘Taylor Wessing stands out for their understanding and avoiding getting stuck in with counterparties. Always very hands-on, professional, and positive. The team seems to be having fun as well!’

    Principaux clients

    Blauvelt Capital

    Rutland Partners

    Baird Capital

    Rockpool Investments

    Inflexion

    Caledonia Investments PLC

    Rutland Partners

    Intriva Capital

    Inflexion Private Equity

    Verdane

    Cambridge Maintenance Services

    Roadchef

    Theramex

    CMS

    CMS works across the full range of private equity transactions, including acquisitions, disposals and management buyouts. The team offers clients experience acting for both management teams and PE houses; with the practice regularly teaming up with international offices on cross-border deals. Jason Zemmel leads the team, which brought on the ‘excellent’ Edward Holmes from Clifford Chance LLP and Emma Clark from Linklaters LLP in January 2022.

    Responsables de la pratique:

    Jason Zemmel

    Autres avocats clés:

    Edward Holmes; Emma Clark; Narinder Jugpal; Tom Jameson

    Les références

    ‘They offer market knowledge and embedded expertise within the group.’

    ‘Edward Holmes is excellent.’

    ‘CMS has a very client friendly and pragmatic approach to deal making. The team is able to provide a solid, responsive and effective service, in a mid market where speed is a plus. Being a full service firm, it can quickly address the different legal challenges of the PE M&A process (employment, real estate, IP, etc.)’

    Principaux clients

    AnaCap Financial Partners

    Inflexion Private Equity Partners

    Lloyds Development Capital

    Providence Equity Partners

    Bridges Fund Management

    Livingbridge

    Risk Capital Partners

    CBPE Capital

    Mayfair Equity Partners

    Sovereign Capital Partners

    GMG Ventures

    Stirling Square Capital Partners

    HIG Europe

    Oakley Capital

    Partners Group

    Three Hills Capital Partners

    August Equity

    Turn/River

    Bowmark Capital

    Phoenix Equity Partners

    Madison Dearborn Partners

    Atlas Merchant Capital

    Limerston Capital

    Horizon Capital

    Synova Capital

    Queen’s Park Equity

    Principaux dossiers

    • Advised Bowmark Capital in respect of the sale of Oxford International, including the separation of the portfolio company and subsequent two part sale to THI Investments and Nord Anglia.
    • Advised AMP Capital on the sale of its 51% stake in Angel Trains to a consortium of buyers.
    • Advised the sellers, including Risk Capital Partners, on the disposal of Bread Holdings Limited (the Gail’s bakery business) to investors including Bain Capital Credit.

    Cooley (UK) LLP

    Cooley (UK) LLP is well-known for its work in the technology sector, with the firm’s London private equity group acting for management teams and tech-focused PE houses on a range of transactions. The practice has a particular niche in advising on matters at the intersection of venture capital and private equity, such as co-investments between VC and PE funds. Stephen Rosen leads the team, as well as the overall corporate practice. He works alongside Ben Shribman, who is ‘skilled, expert, calm and accommodating’ and advises sponsors and portfolio companies on deals.

    Responsables de la pratique:

    Stephen Rosen

    Autres avocats clés:

    Ben Shribman; Justin Stock; Michal Berkner

    Les références

    ‘Expert, experienced in venture and growth equity investment rounds – they just know the business’

    ‘Ben Shribman – skilled, expert, calm and accommodating. A pleasure to work with.’

    ‘Very innovative and solution-focused’

    ‘Ben Shribman is excellent – very commercial, solution-focused and high attention to detail.’

    Principaux clients

    Primary Capital

    Alcuin Capital

    Susquehanna Private Capital LLC

    Brainlabs (owned by Livingbridge)

    ICS Learn (owned by Primary Capital)

    Instructure (owned by Thoma Bravo)

    Precisely (owned by Centrebridge)

    Management team of Calypso

    Insight Terra

    Brandwatch

    Principaux dossiers

    • Advised the management team of Calypso Technology, a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets, on its USD3.7billion sale to Thoma Bravo.
    • Advised ICS Learn, an online professional education platform owned by private equity firm Primary Capital, on its sale to vocational e-learning provider Skill and You, a portfolio company of private equity firm IK Partners.
    • Advised Kpler, a leading provider of technology-led data, analytics and market insight, on its strategic growth investment of more than USD200 million from private equity firms Five Arrows and Insight Partners.

    Jones Day

    Jones Day has a keen focus on the infrastructure and real estate sectors, where it acts for US and European PE funds on acquisitions, exits and strategic partnerships. Anna Cartwright  and Laura Pembridge are the key names to note here and work closely with the firm’s real estate, tax, regulatory and M&A practices. The team is also engaged in mainstream PE deals, with group head Patrick Stafford working alongside Julian Runnicles and Giles Elliott. Stafford also co-chairs the global PE practice, while Runnicles is praised as ‘pragmatic’ and ‘a rockstar’.

    Responsables de la pratique:

    Patrick Stafford

    Autres avocats clés:

    Julian Runnicles; Giles Elliott; Laura Pembridge; Anna Cartwright

    Les références

    ‘Julian Runnicles is a rock star. He is pragmatic, commercial. A joy.’

    ‘If you want a top-notch, hold-their-own-against-anyone firm, then the Jones Day PE/VC team is a great call. Transparent and surprisingly reasonable on fees. Excellent strength and depth in the team. They are technically excellent, very commercial, friendly, responsive and practical.’

    Principaux clients

    Arsenal Capital Partners

    ARA Asset Management Limited

    Sun Communities, Inc

    CBRE Investment Management

    M. Safra & Co.

    Greystar Real Estate Partners, LLC

    Henley Investment Management Limited

    Macquarie European Infrastructure Fund

    True Capital

    Principaux dossiers

    • Advised Greystar on the formation of a strategic partnership of up to £2.2bn with the Abu Dhabi Investment Authority, to develop build-to-rent houses in London and commuter towns.
    • Advised Arsenal Capital Partners on the acquisition of the Advanced Glass Technologies business of Johnson Matthey PLC for approximately £178m.

    McDermott Will & Emery UK LLP

    McDermott Will & Emery UK LLP stands out in the market for its strong presence in the healthcare sector, where it acts for a range of sponsors on investments and acquisitions; the group also advises life sciences and healthcare companies on exits to PE funds. In this work, the team benefits from its healthcare regulatory expertise. It is also well-placed to handle cross-border deals, where it draws on its network of offices across Europe and the United States. Eleanor West  is noted for her focus on healthcare deals, while practice head Tom Whelan is active across energy, technology and leisure.

    Responsables de la pratique:

    Tom Whelan

    Autres avocats clés:

    Eleanor West; Arvin Abraham

    Principaux clients

    Aksiom Services Group and Ara Partners

    Ampersand Capital Partners

    Apposite Capital LLP

    Eaton Capital Limited

    Eight Roads

    Five Arrows Principal Investment

    Great Point Partners

    H.I.G. Capital

    PharmaLex Group and Auctus Capital Partners AG

    SIGNA Sports

    TA Associates

    Wellspring Capital Management LLC

    WestCap Group (Venture Capital)

    Principaux dossiers

    • Advised the Aksiom Services Group, a partnership between Ara Partners and Aksiom Group, on the financing and acquisition of PX Group (PX) from Bluewater Private Equity, a specialist international private equity firm focused on the mid-market energy sector.
    • Represented TA Associates, a Boston-based private equity firm focused on the technology and healthcare sectors, in its acquisition of Smiths Medical, the medical devices and technologies business of the Smiths Group plc.
    • Represented SIGNA Sports United, a multinational sports retail platform owned by SIGNA Group on its acquisition of online sports retailer, WiggleCRC, from funds managed by Bridgepoint Advisers.

    Morgan, Lewis & Bockius UK LLP

    Morgan, Lewis & Bockius UK LLP‘s London office works closely with the firm’s teams in the United States to advise on the full spectrum of deals in the private equity sector. Mark Geday is a key figure in the practice and handles deals involving financial services companies as well as portfolio company M&A. Elsewhere, Tomasz Wozniak takes a leading role in early-stage investments, particularly in the technology sector. Tom Cartwright departed in June 2022.

    Responsables de la pratique:

    Mark Geday

    Autres avocats clés:

    Tomasz Wozniak

    Principaux clients

    Thirdpoint

    Black Diamond Capital Management

    OpenGate Capital

    Freeman Spogli

    Ares Capital

    Caltius Capital

    Ciner Group

    MML Capital

    Regent LP

    StoneCalibre LLC

    Lincoln Peak Capital

    MSP Sports Capital

    Principaux dossiers

    • Representing Far Peak Acquisition Corp., a SPAC and private equity backed by Thirdpoint, in its merger with Bullish, a technology company that develops financial services for the digital assets sector.
    • Advised Black Diamond Capital Management in its acquisition of a controlling stake in Polynt-Reichhold from Investindustrial.
    • Represented OpenGate Capital, a Los Angeles–based private equity firm, in the carve-out acquisition of the commodity amphoteric surfactant business of Solvay.

    Paul Hastings LLP

    Paul Hastings LLP has close ties to Abry Partners and Astorg Partners, acting for these sponsors in acquisitions, joint ventures, exits and a sizeable volume of portfolio company M&A. The practice stands out for the cross-border nature of its work, regularly acting on transactions involving European companies. Anu Balasubramanian leads the team and has strong relationships with a range of US and European buyout houses. The group was bolstered in June 2022, when Tom Cartwright joined from Morgan, Lewis & Bockius UK LLP.

    Responsables de la pratique:

    Anu Balasubramanian

    Autres avocats clés:

    Tom Cartwright

    Principaux clients

    Brookfield

    Abry Partners

    Francisco Partners

    Oakley Capital

    Astorg Partners

    Vector Capital

    Symphony Technology Group

    Strategic Value Partners

    LINK Mobility Group

    Keyloop

    Wipro Limited

    SICP Investments

    Alpine Grove

    Centerbridge

    North Technology Group

    Saba Software

    Bregal

    Benson Elliot

    Principaux dossiers

    • Advising Oakley Capital on its acquisition of PRIMAVERA. The acquisition is a bolt-on to Oakley’s 2019 investment in Ekon, the Spanish provider of Enterprise Resource Planning Software.
    • Advising Abry Partners, a tech, media and communications-focused private equity firm, on its joint venture with Castik Capital to acquire Reward Gateway.
    • Advised LINK Mobility Group Holding ASA, the Oslo-headquartered global mobile solutions and CPaaS provider, on its acquisition of Message Broadcast, LLC.

    Sidley Austin LLP

    Sidley Austin LLP continues to expand its private equity team in London, recruiting Paul Dunbar and Dan Graham from Vinson & Elkins RLLP in August 2021 as well as Robert Darwin from Dechert LLP in March 2022. The trio join a practice which is making a name for itself representing sponsors in acquisitions, investments and disposals across a range of sectors. The team is particularly active in advising US-based buyout houses, working alongside the firm's offices in the US, and also handles a substantial volume of portfolio company M&A. Key contacts in the team include Eleanor Shanks, who ‘always delivers her deals on time and above expectations’, Fatema Orjela and Adam Runcorn.

    Responsables de la pratique:

    Thomas M. Thesing

    Autres avocats clés:

    Eleanor Shanks; Fatema Orjela; Adam Runcorn; Paul Dunbar; Dan Graham; Robert Darwin

    Les références

    ‘The Sidley private equity team is very strong technically, provides excellent pragmatic advice and has a core team dedicated to our relationship.’

    ‘Paul Dunbar is one of the team leaders, he has strong commercial judgement and provides clear pragmatic advice.’

    ‘They know what they are doing, they have an impressive roster of clients and they can execute just as well as the magic circle or the elite US firms. They just don’t shout about it.’

    ‘Eleanor Shanks is not only one of the best technical lawyers in the City but also the kind of lawyer you want captaining your ship in a storm. She knows exactly what she is doing, is graceful under (often) immense pressure and always delivers her deals on time and above expectations.’

    ‘Broad based team with good coverage of different industries.’

    ‘Paul Dunbar is a strong lawyer, provides good insights into market practice and solutions to difficult issues.’

    Principaux clients

    H.I.G. Capital

    TowerBrook

    Apollo

    KKR

    EQT

    Great Hill Partners

    Clearlake

    Arsenal Capital

    Partners Group

    Welsh, Carson, Anderson & Stowe

    Principaux dossiers

    • Representing EQT Private Equity and PRO Unlimited in PRO Unlimited’s acquisition of outsourced workforce management provider Geometric Results, Inc from Bain Capital.
    • Represented affiliates of Welsh, Carson, Anderson & Stowe (WCAS) and its portfolio company Managed Market Insights & Technology (MMIT) in connection with MMIT’s US$1.6 billion merger with Evaluate. WCAS, and Evaluate’s equity partner, Hg Capital, share joint control of the combined business.
    • Represented funds managed by Apollo affiliates on their agreement to acquire Miller Homes Group Limited from Bridgepoint Group plc.

    Stephenson Harwood

    Stephenson Harwood acts for PE houses, portfolio companies and management teams on mid-market transactions, including buyouts, bolt-ons, PE-backed management buyouts and disposals. The team also advises on growth investments. Jonathan Pittal leads the team, with Malcolm MacDougall, Adam Crossley and Richard Coleman also key names in the practice. Crossley is ‘commercial, diligent and personable’ while Pittal is praised for his deep experience in this area.

    Responsables de la pratique:

    Jonathan Pittal

    Autres avocats clés:

    Malcolm MacDougall; Adam Crossley; Richard Coleman; Emily Davies; Lydia Zakrzewski

    Les références

    ‘Well rounded team with solid experience of the mid-market. Able to take deal features from larger deals and utilise them in smaller setting and vice versa.’

    ‘Adam Crossley is a fantastic lawyer; commercial, diligent and personable.’

    ‘They have deep expertise and understanding of private equity transactions. Solutions-driven and innovative thinking.’

    ‘Jonathan Pittal is a partner with decades of market knowledge. He is highly commercial. Senior associate Emily Davies is an absolute star; proactive, highly capable and excellent at explaining in plain English.’

    Principaux clients

    Bowmark Capital

    Elysian Capital

    BGF

    FPE Capital

    Apposite Capital LLP

    Rockpool Investments LLP

    BlueGem Capital Partners LLP

    Morgan Stanley

    Inspired

    Five Arrows

    ESO Capital

    Macquarie

    Standard Life Aberdeen

    Schroders

    Bestport Private Equity

    Pelican Capital

    STAR Capital

    All Seas Capital

    Agathos Management LLP

    BD Capital

    Stanley Capital

    Principaux dossiers

    • Advised Bowmark Capital on its buyout of Kubrick Group
    • Advised Elysian Capital on its acquisition and investment, in conjunction with management, in Eton Bridge Partners Ltd.
    • Advised Apposite Capital, the healthcare specialist private equity investor, on its acquisition of Health and Case Management Limited (HCML).  

    Bryan Cave Leighton Paisner LLP

    At Bryan Cave Leighton Paisner LLP, the ‘exceptionally responsive’ Ian Ivory leads a team that handles private equity deals across sectors ranging from financial services to manufacturing to retail. In addition to its work in mainstream private equity, the practice has a notable presence in the real estate PE space, where Chris de Pury advises on transactions across a variety of real estate asset classes.

    Responsables de la pratique:

    Ian Ivory

    Autres avocats clés:

    Chris de Pury; Carol Osborne

    Les références

    ‘Ian Ivory is exceptionally responsive and understands our concerns. Whilst an expert in his field, he appreciates the bigger picture which means he is able to deliver solutions-orientated advice. He goes over and above to provide the best possible service.’

    ‘Carol Osborne is a standout individual. She always delivers and provides commercial advice in an efficient manner. She is very impressive and great to work with.’

    Principaux clients

    Agilitas Private Equity LLP

    Founder of BOXPARK

    Viva Wallet

    Capital Alliance Private Equity

    Farfetch

    Mubadala Investment Company

    Macquarie Capital

    Vision Blue Resources Ltd

    Ares

    KKR

    Sixth Street/Henley Investments

    Oakbridge Private Equity

    Principaux dossiers

    • Advised Capital Alliance Private Equity Fund IV on its investment in Food Concepts PLC.
    • Advised Agilitas Private Equity LLP on the buyout of Prodieco Advanced Engineering Solutions.
    • Advised the founder of BOXPARK, the retail, hospitality and leisure company, on the recent investment by mid-market private equity firm Lloyds Development Capital, the private equity arm of Lloyds Banking Group.

    Gowling WLG

    Gowling WLG acts for sponsors and portfolio companies on a steady stream of investments, mergers, acquisitions and bolt-on deals. The practice is also engaged by growth equity funds, particularly in the renewable energy sector, where Gareth Baker takes the lead. Neil Hendron and Ian Piggin are also key names to note; Piggin leads the team and handles deals across sectors including professional services and technology, while Hendron focuses on the healthcare sector.

    Responsables de la pratique:

    Ian Piggin

    Autres avocats clés:

    Gareth Baker; Neil Hendron; Chris Towle; Jeremy Millington

    Principaux clients

    THG plc

    Telia Company AB

    Gyrus Capital S.A.

    Mobeus Equity Partners LLP

    HydrogenOne Capital Growth plc

    Nova Innovation Limited

    Pioneer Point Partners

    Grant and Stone Limited

    PeakSpan Capital

    Medux

    Huntercombe Group Holdco Limited

    NVM Private Equity LLP

    Cairngorm Capital Partners LLP

    Nedbank Group

    Cove Hill Partners

    Principaux dossiers

    • Acted on behalf of the global technology platform THG, which specialises in taking brands directly to consumers, in relation to (i) THG Ingenuity’s £1.4m minority investment in certain new shares in the cloud-native service provider Civo Limited; (ii) Call options to acquire up to 49% stake in Civo Limited; and (iii) License and Reseller Agreement into THG Ingenuity.
    • Advised Telia Company on the UK aspects of the sale of the entire issued share capital of Telia Company’s subsidiary Telia Carrier, to Polhelm Infra.
    • Advised Mobeus Equity Partners LLP on the £25.5 million management buyout of Inbox Insight Group Limited (“Inbox Insight”)

    Herbert Smith Freehills LLP

    Herbert Smith Freehills LLP‘s work in the private equity sphere encompasses acting for buyout houses in acquisitions and exits as well as advising target companies on investments, carve-outs and auction processes. John Taylor and David D’Souza lead the team, while Joseph Dennis was promoted in partner in May 2022. D’Souza possesses ‘market-leading knowledge of the private equity industry’ according to one client, while Dennis is praised as a ‘strong addition’ to the partnership.

    Responsables de la pratique:

    John Taylor; David D’Souza

    Autres avocats clés:

    Joseph Dennis

    Les références

    ‘The team is well led by David d’Souza and Joseph Dennis is a strong addition at partner level. Both are experienced, pragmatic and effective communicators.’

    ‘Part of a large top tier public M&A and private M&A team and full service law firm with global reach.’

    ‘David d’Souza is extremely hard working, exceptionally bright, and has market-leading knowledge of the private equity industry and what is market in complex PE deals.’

    Principaux clients

    Abu Dhabi Investment Authority (ADIA)

    Antin Infrastructure Partners

    API Management

    AshGrove Capital

    Bain Capital

    BC Partners

    BGH Capital

    BlackRock Infrastructure

    Blackstone

    Cabot Square Capital

    Carlyle

    Chelsfield Partners

    Copenhagen Infrastructure Partners

    Crescent Capital Partners

    Elliott Advisors

    EQT

    Government of Singapore Investment Corporation (GIC)

    H2 Equity Partners

    Hannam & Partners

    Hanover Investors

    Hastings Funds Management Limited

    Helios Investment Partners

    iCON Infrastructure

    Impilo

    KKR

    Metric Capital Partners LLP

    Pacific Equity Partners

    Partners Group

    Sherborne Investors

    Temasek

    The Growth Fund

    The Riverside Company

    Three Hills Capital Partners

    TPG

    USS

    VTB (Private Equity)

    Winter Capital

    Principaux dossiers

    • Advised CPP Investments on the establishment of a new, UK-based platform – Renewable Power Capital Limited. The platform is backed by CPP Investments’ multi-billion Power & Renewables investment strategy and will invest in solar, onshore wind and battery storage, among other technologies, across Europe.
    • Advised Aquiline Capital Partners on all the legal aspects of its majority investment in Wealth at Work Group Limited.
    • Advised The Ardonagh Group Limited on its significant group restructuring and an equity investment into the group, involving both increased investment and reinvestment by its existing investor base and several other large global institutions.

    Norton Rose Fulbright

    Norton Rose Fulbright has a broad private equity practice in London, which is regularly leverages the wider firm's expertise in the insurance sector to handle transactions and fundraisings involving companies in this market. Nicholas Berry has a particular focus on the insurance sector, while practice co-head Sophie O’Connor also handles insurance-related deals alongside acting for funds and management teams on a range of PE matters. Fellow co-head Bayo Odubeko is noted for his focus on emerging markets. David Marshall left in early 2022 forBaker Botts (UK) LLP.

    Responsables de la pratique:

    Bayo Odubeko; Sophie O’Connor

    Autres avocats clés:

    Nicholas Berry

    Les références

    ‘I have found Sophie O’Connor to be outstanding to work with – responsive, considerate, pragmatic and practical, she provided a great understanding of the management equity arrangements and group cap structure of the deal. I always feel when dealing with Sophie that my company and long term success are important to her.’

    Principaux clients

    Aquiline Capital Partners LLC

    Carlyle

    AfricInvest Capital Partners

    ValueAct Capital

    Denham Capital Management LP

    Scottish Equity Partners

    XPV Water Partners

    Mobeus

    Abris Capital

    Champ Ventures

    Shell Ventures

    Development Partners International

    Modern Times Group MTG AB

    Bain Capital

    Starling Bank

    Quinbrook Infrastructure Partners

    Tiger Infrastructure Partners

    Europa Capital Partners

    Société de Promotion et de Participation pour la Coopération Economique (Proparco)

    Brookfield Private Equity

    Management of Fotona

    Zego

    Appian Capital Advisory

    Commify (backed by Hg Capital)

    African Development Partners I

    African Development Partners II and Uni Confort Maroc Dolidol

    Société de Promotion et de Participation pour la Coopération Economique (Proparco)

    777 Partners

    Principaux dossiers

    • Advising longstanding firm client Aquiline and Lloyd’s of London insurer ERS (now IQUW) on a US$350m fundraising to enable the insurer to expand its strategy and underwrite specialty (re)insurance business.
    • Advising longstanding client Starling Bank on its latest £322 million Series D funding round.
    • Advising Tiger Infrastructure Partners on the investment of €50 million in Qwello GmbH, an electric vehicle charge point developer and operator.

    Reed Smith LLP

    Reed Smith LLP continues to be highly active in the private equity space, with experience handling both mainstream and real estate-focused PE. While the group is instructed on mandates  across a range of sectors it is particularly focused on deals involving energy, life sciences and financial services companies. Key figures in the practice include Philip Taylor and Mark Sanders, who serve as co-heads of the department, Sam Webster and counsel Ravi Pattani.

    Responsables de la pratique:

    Philip Taylor; Mark Sanders

    Autres avocats clés:

    Ravi Pattani; Sam Webster

    Principaux dossiers

      Watson Farley & Williams LLP

      Watson Farley & Williams LLP focuses on infrastructure real estate, advising on deals in sectors including telecoms, offshore wind and solar, and is also noted for its work in the shipping sector. Much of the firm’s work is cross-border and it is especially active in emerging markets such as Nigeria and Ghana. Chris Kilburn leads the overall London corporate group and is active in both PE and traditional M&A. Andy Savage is the key name to note on transactions in the African market.

      Responsables de la pratique:

      Chris Kilburn

      Autres avocats clés:

      Andy Savage; Tom Jarvis

      Les références

      ‘They offer attention to the client and market knowledge.’

       

      Principaux clients

      InfraRed Capital Partners

      LeapFrog Investments

      Advencap Limited

      Point State Capital LP

      Bio Capital

      African Capital Alliance

      African Infrastructure Investment Managers

      Clean Sea Transport

      Principaux dossiers

      • Advising InfraRed Capital Partners, as fund manager to The Renewables Infrastructure Group (“TRIG”), in relation to TRIG’s acquisition of a 17.5% equity interest in the Beatrice offshore wind farm.
      • Advising the Blue Ocean division of EnTrust Global (“EnTrust”) on its acquisition of Maas Capital Shipping B.V. (“Maas Capital Shipping”), the private equity platform of ABN AMRO Bank N.V.
      • Acting as international counsel advising LeapFrog Investments on its acquisition of a 16.94% stake in Fidelity Bank Ghana Limited, Ghana’s largest privately owned bank, from Amethis and Edmond de Rothschild Equity Strategies.

      Burges Salmon LLP

      Based in Bristol, Burges Salmon LLP advises PE houses across the full lifecycle of investments, from buyouts to bolt-on acquisitions and through to eventual exits. The practice is also instructed by management teams and is active across sectors including financial services, retail and technology. Mark Shepherd leads the team in Bristol, with Danny Lee also taking a lead on deals from the firm’s Edinburgh office.

      Responsables de la pratique:

      Mark Shepherd

      Autres avocats clés:

      Danny Lee; Richard Spink

      Les références

      ‘The team is efficient and pragmatic.’

      ‘Danny Lee is good under pressure.’

      Principaux clients

      Zetland Capital Partners

      Livingbridge

      Inverleith

      Panoramic Growth Equity

      Mobeus Equity Partners

      LDC

      BGF

      Octopus Investments

      Bridges Fund Management

      Causeway Capital

      Principaux dossiers

      • Advised institutional investor-backed wealth management business Embark Group Limited on £390 million exit to Scottish Widows Group, part of the Lloyds Banking Group.
      • Advised Fern Fibre Ltd and Octopus Investments Ltd on the acquisition of internet service provider, M12 Solutions Ltd, which operates under the ‘Giganet’ brand.
      • Advised the shareholders of Omlet, the fast growing design-led pet accessories brand, on the investment by Piper.

      Charles Russell Speechlys LLP

      Charles Russell Speechlys LLP is active across private equity investments, acquisitions, bolt-on deals and exits, with experience acting for PE funds and management teams. The technology sector is a particular area of focus for the team, which handles deals involving software, fintech and health-tech. The practice also stands out for its work in the African PE market, with Cheltenham-based partner Adrian Mayer specialising in these deals. Andrew Clarke leads the team, with David Coates and Jonathan Morley also key partners in the London office.

      Responsables de la pratique:

      Andrew Collins

      Autres avocats clés:

      Adrian Mayer; David Coates; Jonathan Morley; Daniel Rosenberg; James Broadhurst

      Les références

      ‘People and collaboration’

      ‘Daniel Rosenberg is very dedicated, persuasive, hardworking and always customer-oriented. James Broadhurst is very customer oriented, hardworking and persuasive.’

      ‘The team were very responsive and delivered sensible advice to help us get the deal done on time and in a way which helped set up the relationship with acquiree management post acquisition.’

       

      Principaux clients

      Oracle Power

      HeiQ Materials

      CYBA

      7digitial Group

      Ergomed

      1Spatial

      Europa Oil & Gas

      The Biotech Growth Trust

      India Capital Growth Fund

      Circle Property

      Fidelity

      Predator Oil & Gas

      Transense Technologies

      LiDCO Group

      Dukemount Capital

      Principaux dossiers

      • Acting for AIM-listed client Caretech Holdings plc on a contested offer for the company.
      • Advised AIM quoted Transense Technologies plc on its share buy-back programme.
      • Advised the Board of India Capital Growth Fund, an investment company listed on the main market of the London Stock Exchange, on the procedure for facilitating its first redemption facility.

      K&L Gates LLP

      K&L Gates LLP has a broad private equity practice, acting for funds, portfolio companies and management teams in transactions across a varied range of sectors. James Cross is the key figure to note in the practice and frequently works alongside tax, employment and banking partners on deals. He is praised as ‘a pleasure to work with’, while the wider team is ‘knowledgeable and extremely hard-working’.

      Responsables de la pratique:

      James Cross

      Autres avocats clés:

      Toby Karenowski

      Les références

      ‘These guys are massively pro-active. They come with a range of solutions. Also, I really feel that they own the transactions. They have a great attention to detail, and I can really feel them working on our side. Also, amazing value for money.’

      James Cross takes a great high level view, and keeps an incredibly calm head. A can-do attitude makes him a pleasure to work with.’

      ‘The team at K&L have been excellent in every interaction I have had with them. They go above and beyond to assist with every transaction and are always available to offer assistance. I have never reached out to the team without getting a very quick response – which is such a hugely valuable attribute during times of pressure to get deals over the line. Furthermore, the team make a real effort to understand the transaction and what it means to our business and stakeholders.’

      ‘The entire team has been very approachable, knowledgeable and extremely hard working in my interactions with them – always willing to go the extra mile to help us get a transaction over the line. James Cross has a calm head in all situations, especially where multiple other law firms are involved. His colleague Toby Karenowski is also a real asset to the firm.

      ‘Diligent, thorough and thoughtful.’

      ‘James Cross is great to work with. He has a strong sense of which legal issues are commercially relevant, and avoids the unnecessary point scoring seen with others’

      Principaux clients

      Soho Square Capital (formerly known as ESO Capital)

      August Equity

      Inspirit Capital

      Grosvenor Food & AgTech (PE arm of Grosvenor Estates)

      BGF

      Continuance Capital

      Sonmarg Capital

      Endless

      EST Partners

      Principaux dossiers

      • Advised Soho Square Capital on its investment and partnership with Oliver James, an international recruitment and consulting provider.
      • Advised video-powered retail platform Go Instore on its acquisition by Emplifi, a leading unified customer experience platform and a portfolio company of Audax Private Equity.
      • Acted for the management team of Leaders Romans Group on the acquisition of the business by Platinum Equity from existing investor Bowmark Capital.

      Mishcon de Reya LLP

      Mishcon de Reya LLP is best-known for its work advising management teams on transactions involving private equity, including exits to PE houses, PE-backed management buyouts and secondary buyouts. The practice also frequently acts for management teams and institutional investors on sales. Nadim Meer leads the team and is ‘calm and knowledgeable’, with Andrew Rimmington also active in this space.

      Responsables de la pratique:

      Nadim Meer

      Autres avocats clés:

      Andrew Rimmington; Kevin McCarthy; Allison Keyse; Alex Green; Joana Santos

      Les références

      ‘Good understanding of the market and our requirements’

      ‘High calibre individuals on the deal team who take a very commercial approach to getting a deal done whilst protecting the interests of the buyer’

      ‘A great team who are always responsive, pragmatic and perceptive of how to achieve a great end result.’

      ‘Allison Keyse is an extremely effective and no-nonsense private equity lawyer, cutting straight to the key points with a pragmatic and cost-effective manner.’

      ‘Really attentive team, always on top of things’

      ‘Nadim – best lawyer I have ever dealt with. Calm and knowledgeable. Always know you are in very good hands with Nadim. Alex Green – very strong. Really took control of the indemnities. Joana Santos – determined, thoughtful, great at gently chasing clients.’

      Principaux clients

      Triyoga

      Innovation Broking

      Charlie Mullins and Scott Mullins

      Trimountain Partners LLP

      Xceptor

      Cognito iQ

      Sohonet

      Duco Technology Limited

      Feelunique Holding Limited

      Advanced Health and Care Limited

      Advanced Business Software and Solutions Limited

      Principaux dossiers

      • Advised Charlie Mullins and his son Scott on the sale of Pimlico Plumbers to Neighborly Inc., itself recently acquired by private equity firm, KKR.
      • Advised the management team of Xceptor on the secondary buy-out by private equity firm Astorg, from CBPE Capital LLP.
      • Advised the management team of Duco on a majority growth investment by Nordic Capital.

      RPC

      RPC is noted for its work in private equity deals involving insurance companies, acting for sponsors on acquiring these companies as well as handling bolt-on deals for portfolio companies. David Wallis heads up the team and works closely with insurance specialist James Mee.

      Responsables de la pratique:

      David Wallis

      Autres avocats clés:

      James Mee

      Les références

      ‘Excellent market knowledge. Flexible fee structures. Highly collaborative.’

      ‘James Mee and David Wallis are collaborative, available and innovative in solution findings. James in particular has excellent market contacts.’

      Principaux clients

      Beat Capital Partners

      JRJ Group

      Optio Group/Preservation Capital Partners

      Axcel Private Equity

      Keyhaven Capital

      Paine Schwartz

      Principaux dossiers

      • Advising Beat Capital Partners (backed by Bain Capital Credit) on its new syndicate and investment by Ontario Teachers Pension Plan
      • Acting for Mosaic on its acquisition of Sirius Point’s Managing Agency and related strategic investment in Mosaic by Sirius Point alongside Golden Gate Capital.
      • Advising the management team of Asta on sale to BC Partners backed Davies Group.

      Winston & Strawn LLP

      Winston & Strawn LLP‘s London office frequently acts alongside the firm’s offices across the Atlantic to advise US PE houses on investments into the UK. The practice also handles a steady stream of deals on behalf of UK-based houses. Paul Amiss and Nicholas Usher lead the team, which offers additional expertise in advising funds and portfolio companies on financings; Ian Borman is the key name to note in this area.

      Responsables de la pratique:

      Paul Amiss; Nicholas Usher

      Autres avocats clés:

      Zoë Ashcroft; Ian Borman

      Les références

      ‘Excellent industry knowledge and top rate partners who are responsive and keen to understand the commercial drivers.’

      ‘Paul Amiss is a safe pair of hands in a tricky situation. Both Paul and Ian Borman are easy to deal with, results oriented and good at bringing parties to the table.’

      ‘Depth of experience in cross border transactions, often coordinating multiple jurisdictions. Partner level attention assured throughout.’

      ‘Solutions orientated, with the ability to maintain a sense of humour.’

      ‘Highly experienced and knowledgable professionals, great availability and capable of adjusting quickly to changing deal dynamics.  Capable of sourcing know-how from wide range of practices, as needed. We were particularly impressed by Paul Amiss.’

      Principaux clients

      AGI Global Holdings Cooperatief U.A.

      Ardian Private Debt

      Argand Partners

      Beck & Pollitzer Engineering Ltd.

      Broadstone Acquisition Corp. (SunCap Limited is Sponsor)

      Capdesia Group Limited (2 work highlights)

      Frontenac Company

      Industrial Opportunity Partners

      ProAmpac Holdings

      Treliant LLC

      Upper90 Capital

      Principaux dossiers

      • Represented Frontenac Company in connection with the acquisition of EFC International, Inc., a value-added distributor of highly engineered fasteners.
      • Represented Treliant, LLC, a strategic advisory firm, in connection with the acquisition of Vox Financial Partners Limited and Vox Financial Partners, Inc. (and their subsidiaries).
      • Represented Upper90 Capital Management, a private equity and venture capital fund, as a lender in a loan facility financing for Stryze Group, a specialist group formed to consolidate Amazon retail businesses.