Private equity: transactions - mid-market deals (up to £250m) in London

Addleshaw Goddard

Addleshaw Goddard's 'incredibly commercial' private equity team offers clients broad expertise across a range of sectors and transaction types. The practice is capable of providing a full service on transactions, with the London-based PE team acting alongside the firm's offices in Manchester, Leeds and Edinburgh to handle the tax and financing aspects of deals. Mike Hinchliffe and Yunus Seedat jointly lead the team; both have decades of experience in this area and work closely with a range of buyout houses.

Practice head(s):

Mike Hinchliffe; Yunus Seedat

Other key lawyers:

Marc Field; Nathan Pearce; Graham Cross; Gemma Phillips

Testimonials

‘Incredibly commercial, smart, very personable and pragmatic in working through solutions. I’ve met multiple members of the team and all have a consistency of being decent human beings.’

‘Marc Field is smart, commercial, and driven. You don’t need a corporate finance adviser with Marc as your lawyer; he can play both roles. Honest and very diligent in his work, we haven’t had mistakes under Marc’s care as we have had with many other law firms.’

‘Responsive and hard-working.’

 

Key clients

Accel KKR

CBPE

ECI Partners

Equistone

H2 Equity Partners

Inflexion

LDC

Livingbridge

Phoenix Equity Partners

Synova Capital

Work highlights

  • Advised Citation Group on its sale to KKR.
  • Advised Inflexion on sale of its stake in Lane Clark Peacock.
  • Acted for H2 in its MBO of Dales Engineering.

Ashurst

Ashurst ‘s ‘accessible, highly responsive and proactive’ team is active in transactions across the mid-market space, acting for UK and US-based private equity houses on both buy-side and sell-side transactions. The team’s expertise covers a wide range of sectors, including defence, financial services, energy, and media. The London private equity team frequently collaborates with other practices, such as tax, employment, and regulatory law, as well as with offices around Europe to provide comprehensive advice on cross-border transactions. David Carter leads the practice, with Bruce Hanton  and Braeden Donnelly other key contacts. New additions to the team include Markjan van Schaardenburgh  who joined from Linklaters LLP.

Practice head(s):

David Carter

Other key lawyers:

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

Testimonials

‘The Ashurst team brings to due diligence and negotiations a good commercial understanding. The team’s work is thorough and rigorous, but is always informed by a sense of proportion.’

‘Excellent advice. Accessible, highly responsive and proactive. Commercial and strategic. We’ve worked primarily with Dave Carter’s team on a wide range of PE and corporate matters. ‘

‘Dave Carter makes the effort to know his clients well. He understands their strengths and weaknesses and is not afraid to step in when necessary. He is committed to the success not only of their individual investments but also of tbeir firm as a whole.’

‘Dave Carter is a superstar. ‘

Key clients

Agilitas

Framestore

Marco Capital Holdings Limited Management (Marco)

Aurora Energy Research

JPI Media Group

Zander Topco Limited

JC Flowers & Co LLC

QinetiQ Group

HM Treasury

Rothschild & Co

Merrill Lynch

Goldman Sachs

Work highlights

  • Advised Agilitas on its agreement to back the buyout of TenCate Advanced Armour Holding B.V and its subsidiaries (together ‘TenCate Advance Armour’)
  • Advised the shareholders of Aurora Energy Research Limited (Aurora), a leading provider of critical data and analytics to the power and energy industry, on CGE Partners’ (CGE) investment in Aurora
  • Advised Framestore on the acquisition of Company 3 / Method Inc., a US-based post production company, and its new partnership with Aleph Capital Partners LLP and Crestview Partners

DLA Piper

DLA Piper is highly active in the mid-market private equity space, handling buyouts, exits and investments for PE houses and management teams. The practice handles a significant volume of cross-border transactions, with its team significantly boosted by the September 2020 addition of Piero Carbone from McDermott Will & Emery UK LLP.   Tim Wright leads the practice and is praised by clients as 'commercial, pragmatic and very experienced'; frequently acting for the firm's well-known roster of buyout clients. Ed Griffiths specialises in the technology sector, while John Pryor acts for both buy-side clients and management teams.

Practice head(s):

Tim Wright

Other key lawyers:

Ed Griffiths; John Pryor; Philip Allenby; David Raff; James Kerrigan; Philip Allenby

Testimonials

‘The depth of expertise within the team is pretty much unrivalled . Clearly rising up amongst their most serious of competitors, and rightly so.’

‘Extremely experienced in commercial law and PE-backed M & A.’

‘Deep expertise, experience and resources in the sector linked with an engaging and rapid service.’

‘Tim Wright – excellent. Commercial, pragmatic and very experienced. Clearly one of the best; an excellent negotiator. Philip Allenby – up and coming. Technically excellent; clear, precise, always calm – even in the most tense of situations.’

‘Ed Griffiths is very committed and switched on and gives informed advice.’

‘David Raff is a corporate lawyer who is outstanding in negotiating and focussing on getting deals done. He’s a titanium fist in a velvet glove.’

Key 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

AcolinHolding AG management team

EQT Ventures

Work highlights

  • Advised CBPE, Hudson Structured Capital and management sellers on the sale of Compre, a legacy specialist insurer and reinsurer,and subsequent reinvestment by management alongside acquiring investors,Cinven and BCI.
  • Acting for the management team on sale of AVMI.
  • Advised the shareholders on their sale of the entire issued share capital of Pangaea to a newly incorporated entity controlled by Inflexion Private Equity.

Macfarlanes LLP

In addition to handling acquisitions, exits, and investments in the private equity space, Macfarlanes LLP advises clients on matters including equity incentive plans related to transactions, private investments in public equity, and carve-outs. The team is active across the mid-cap and high-value space, working on both domestic UK transactions and international deals. Alex Edmondson leads the team and primarily advises on sponsor-led buyouts. Stephen Drewitt formerly served as head of PE and continues to be a key contact in the practice. Jessica Adam is also recommended, counting  both PE houses and management teams among her client base.

Practice head(s):

Alex Edmondson

Other key lawyers:

Stephen Drewitt; Jessica Adam

Testimonials

‘A vastly experienced and knowledgeable PE transactional team, ably supported by Macfarlanes’ tax and private funds practices. Transactional expertise is bolstered by a deep understanding of corporate governance matters. The team is smart, responsive and sensitive to client needs.’

‘Stephen Pike is excellent. Stephen is always available, communicates complex points in a straightforward style and knows our key concerns well. Stephen has a great command of the details but is also capable of taking the 1,000 foot view and identifying what’s truly important.’

Key clients

Aberdeen Standard Investments

Alchemy Private Equity

August Equity

Caledonia

Charme Capital

Epiris

Exponent

GHO Capital

Graphite Capital

Hayfin

JC Flowers

Keyhaven Group

OpCapita

Origin Equity Group

Silverfleet Group

Waterland Private Equity

Pinsent Masons LLP

Pinsent Masons LLP's' always reliable'  broad private equity practice handles the full spectrum of deals, from take-privates to secondary transactions. The team acts for clients across a varied range of sectors, including technology, retail, healthcare, and energy. Edward Stead leads the London team, which is supported on multi-jurisdictional transactions by the firm's offices around the world, as well as working closely with other offices in the UK. Andrew Masraf has a specialism in management buy-outs, while Tom Leman specialises in the consumer and retail sectors. Senior associate Ben Elliott is also praised by clients.

Practice head(s):

Edward Stead

Other key lawyers:

Andrew Masraf; Tom Leman; Ben Elliott; Joanne Ellis; Amie Norris; Kieran Toal;

Testimonials

‘The Pinsent team are fantastic across the board. They are collaborative, anticipate issues before they arise and only bother clients when they have to. They are a very high quality team.’

‘Ed Stead is fantastic at managing the whole process and negotiating on our behalf. Ben Elliott is brilliant – he owns the whole project, bringing in subject matter experts when required.’

‘Always reliable, efficient, professional, accurate and great communication.’

Key clients

Huntsworth plc

M Group Services

BIMM Limited

Big Hand

Livingbridge

MML Partners

Sovereign Capital Partners

Exclaimer

Altius

Zenobe Energy Limited

Work highlights

  • Advised Agilitas, a pan-European mid-market private equity firm, alongside twenty-five management shareholders, on the sale of the Exemplar Health Care group of companies to a fund managed by the private equity group of Ares Management Corporation.
  • Acted on the MBO of legal technology solutions provider Big Hand. Private equity firm Levine Leichtman Capital Partners (LLCP), backed the acquisition of Big Hand from Bridgepoint Development Capital and LDC.
  • Advised on the management buy out (MBO) of Exclaimer, which provides email signature management solutions. Private equity firm Insight Partners backed the acquisition of Exclaimer from its management team and existing investor Livingbridge.

Travers Smith LLP

Travers Smith LLP acts for high-profile private equity clients including Carlyle Group, Bridgepoint, and TA Associates on both high-value and mid-cap transactions. The practice, which clients praise for being 'joined up, thoughtful and focusing on what's important',  is highly active in the technology sector, and also stands out for its work on GP-led secondary transactions. Practice head Paul Dolman departed the firm in early 2021 to join Latham & Watkins with the team now led by  Ian Shawyer. Other key contacts in the team include James Renahan, who acts for both PE houses and management teams, Lucie Cawood, and Adam Orr.

Practice head(s):

Ian Shawyer

Other key lawyers:

James Renahan; Lucie Cawood; Adam Orr; Ian Keefe; Will Yates; Emma Havas Genna Marten; George Weavil

Testimonials

‘The Travers team are unique in their amiable, commercial approach to deals. They have real depth and a consistent culture from trainee to Partner. They are very good at working with non-legal business leaders, and this makes them well placed to work with founders and management teams to explain the transaction process in a way that makes sense and allows deals to happen quickly and without cutting corners.’

‘Ian Keefe and Lucie Cawood were a highly efficient double act, allowing them to scale and cover a lot of ground quickly and in an agile manner. They are particularly strong communicators, they don’t get emotional about points and focused on the overall goal of agreeing a deal that worked for us and the other side. They genuinely felt like advisers, not processors, which is critical for us.’

‘Highly personable. Highly commercial. Numerate. High standards of technical lawyering. Very good value for money. Relationship-driven.’

‘What I like about the Travers team is that they are joined up, thoughtful and focus on what’s important. More than that, when you work with them their attention to you is so high that you wonder if you are their only client. Obviously you aren’t but it’s great to feel you have 100% of someone’s attention – particularly a team of such calibre.’

‘Ian Shawyer and Adam Orr have been fantastic to work with, embodying all the points noted above. Ian feels like a natural leader of the business and has incorporated diversity in the way he runs it. Adam is accessible, professional, commercial in the way he brings his own skills, and those of his team, in to play.’

‘The team is smart, commercial, fair and enjoyable to work with. They aren’t seeking to point-score and are pragmatic when thinking about how the other side will engage in negotiation.’

Key clients

3i Group

August Equity

Arlington Capital Partners

Benson Elliot Capital Management LLP

Bridgepoint

CGE Partners

CBPE Partners

Equistone Partners Europe

Exponent

Graphite Capital

Horizon Capital

ICG

IK Investment Partners

Inflexion

Kester Capital

Livingbridge

Medicxi

Marlin Equity Partners

Nets

Phoenix Equity Partners

Silverfleet Capital

TA Associates

The Access Group

The Carlyle Group

Work highlights

  • Advised Inflexion on its partnership investment in Digital Wholesale Solutions (DWS), a leading independent unified communications and cloud platform provider, currently a division of Daisy Group.
  • Advised the partners of Benson Elliot, a leading UK-based private equity real estate fund manager and longstanding client of the firm, on the sale of Benson Elliot to PineBridge Investments Holdings Europe Limited (PineBridge), a private global asset manager.
  • Advised longstanding client Livingbridge and the management shareholders on the sale of a majority stake in Exclaimer.

Akin Gump LLP

Akin Gump LLP‘s private equity team has been building its reputation in London following a series of hires over recent years. It acts on a large volume of matters, including acquisitions, investments, joint ventures, and disposals and has a particularly strong presence in emerging markets, with recent deals involving companies in Nigeria, South Africa, and Colombia as well as in Russia. Shaun Lascelles focuses on emerging markets, and has considerable experience acting in the energy space. Simon Rootsey advises on a range of cross-border mandates, while Weyinmi Popo is noted for his work in the African market. The practice is led by Sebastian Rice, who also leads the firm’s Hong Kong practice.

Practice head(s):

Sebastian Rice

Other key lawyers:

Shaun Lascelles; Simon Rootsey; Weyinmi Popo

Testimonials

‘Fantastic – truly collaborative.’

‘Extremely commercial and extraordinarily responsive. Akin Gump sources highly experienced solicitors from its network of associated legal firms in order to create M&A teams with complete and all-round expertise and support. This creates the certainty of top tier, sound legal support.’

‘Exceptional legal support, robust client service and business/ problem-solving approach.’

‘Akin is a terrific advisor. They provide excellent counsel for cross-border deals. Given the shifting sands of energy transition, their expertise across the energy value chain will be a blessing for their clients.’

‘Level of client coverage is excellent – there is clear collaboration amongst the partners. Ability to cover multiple topics for one firm and to tie them all together. Legal brilliance but with a commercial mind.’

‘Akin Gump’s team acts as our trusted partner on every transaction we contemplate. They have the depth of talent and resources to cover all aspects of an acquisition – they are responsive, understand the commercial imperatives and go beyond the interpretation of the law to provide options and solutions to solve issues faced during the structuring or negotiation.’

Key clients

Coller Capital

Vitol S.A.

Africa Capital Works

MBU Capital

Emerging Capital Partners

Helios Investment Partners

Cairn Capital Group

Mail.ru Group Limited

Mediobanca S.pA.

Carlyle Group

UFG Private Equity

Landsdowne Partners

Work highlights

  • Acting for Helios Investment Partners, the largest Africa-focused private investment firm, in connection with its investment in Helios Towers, both on its partial exit and ongoing corporate matters.
  • Advising Coller Capital in a a GP-led secondary transaction for the remaining assets of Permira IV.

CMS

CMS acts for buyout houses across the full lifecycle of private equity transactions, from initial acquisitions and investments through to eventual exits. The practice is also active in advising on portfolio company M&A and the establishment of buy and build platforms. The team handles transactions across a range of sectors, including education, real estate, and regulated sectors such as financial services. Practice head Jason Zemmel specialises in healthcare, acting for both sponsors and management teams.

Practice head(s):

Jason Zemmel

Other key lawyers:

Peter Lewis; Dipesh Santilale; Narinder Jugpal; Tom Jameson;

Testimonials

‘Excellent at communication, pragmatic and commercial with advice. Always responsive and reassuring.’

‘An excellent team – commercial, pragmatic yet risk-focused at the same time. Streamlined across multiple offices. Solutions-oriented. Very smooth execution of a complex transaction involving multiple personalities and issues, well navigated throughout.’

‘They have depth of market knowledge and transaction experience. Project management skills and visibility of senior members of the team exemplary.’

‘Narinder Jugpal is exemplary as a commercial lawyer.’

‘Dipesh Santilale is an extremely capable practitioner – speaks to issues and is always on the pulse in terms of how to work around issues and how to get the messaging right in relation to the same. Very articulate and able to explain in practical, simple terms the impact of complex legal problems. A very good manager of his team – did a fantastic job of managing input across both the London and Prague offices on this transaction.’

‘A highly commercial, pragmatic and responsive team offering a high quality product and very user friendly service.’

‘Jason Zemmel is excellent. Very responsive, commercial and pragmatic whilst also ensuring high quality technical advice underpins the product.’

Key clients

AnaCap Financial Partners

August Equity

Turn/River

Bowmark Capital

Phoenix Equity Partners

Madison Dearborn Partners

Atlas Merchant Capital

Limerston Capital

Horizon Capital

Synova Capital

Work highlights

  • Advised Bowmark Capital and other shareholders of Oxford International Education Group on the sale of the company’s schools division to Nord Anglia Education and the sale of its university partnerships, online learning and languages business to a management buy-out, backed by THI Investments.
  • Advised AnaCap Financial Partners on its sale of Equa bank to Raiffeisen Bank International AG.
  • Advised Phoenix Equity Partners on the buy-out of Spy Alarms, a leading provider of electronic security and fire services.

Dentons

Dentons stands out for its extensive global presence, which allows it to advise private equity clients on transactions involving large numbers of jurisdictions, often with lawyers on the ground. The team also advises across a broad range of industry sectors, including real estate, technology, consumer goods, and manufacturing. Stephen Levy leads the team from London, advising PE houses, management teams and portfolio companies on transactions. Nicholas Plant is another key contact, with experience of handling complex international transactions.

Practice head(s):

Brian Moore; Stephen Levy

Other key lawyers:

Nicholas Plant; James Davison; Joseph Altendorff;

Testimonials

‘The team have a can-do attitude and are very entrepreneurial. They work with clients to overcome inevitable roadblocks in a commercial and mutually beneficial way, reducing transaction friction.’

‘The team is very responsive and has a “can-do” attitude. They were able to jump on a matter very quickly when another firm got tied up with internal process requirements.’

‘Pragmatic and hard working. Very responsive. Did a great job of coordinating counsel from various jurisdictions.’

Key clients

Allied Cigar Corporation and Gemstone Investment Holding

Kohlberg Kravis Roberts & Co Partners LLP (KKR)

CK Holdings Co., Ltd, the KKR owned holding company of Calsonic Kansei

KPS Capital Partners

Scottish Equity Partners

Centerbridge

Blackstone

Stonepeak Infrastructure Partners

Martin Moller (billionaire founder of Nordic Aviation Capital)

Graphite Capital

Ontario Teachers’ Pension Plan

Astorg Mid-Cap

Work highlights

  • Advised the private equity purchasers, Allied Cigar Corporation and Gemstone Investment Holding, on the acquisition of Imperial Brands PLC’s premium hand-rolled cigar business for £1.1 billion. The acquisition included the brands Cohiba, Montecristo and Romeo y Julieta. The business has operations in 150 countries.
  • Advised global investment firm KKR on its acquisition of Citation, a leading provider of subscription-based HR and Employment law, Health & Safety, and ISO services to SMEs, from Hg, a leading European investor in software and tech-enabled services businesses. Dentons provided due diligence, warranties and disclosure advice.
  • Advised global private equity firm KPS Capital Partners on its acquisition of the Lufkin rod lift solutions business from Baker Hughes.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP's private equity team is able to offer clients the benefit of its extensive international presence, including its network of offices across the US. The practice has close relationships with buyout houses such as Livingbridge, acting for sponsors and their portfolio companies across the PE transactional space. London-based James Trevis leads the global private equity team, with global head of corporate Richard Moulton also a key figure in the London office. Mark Beardmore in Birmingham is also recommended.

Practice head(s):

James Trevis

Other key lawyers:

Richard Moulton; Mark Beardmore; Robin Skelton; Catherine Eley; Louise Finnie; Richard Kyle

Testimonials

‘Being commercial is an easy description that all lawyers like to label themselves as but the Eversheds team really do stand out. Consistently knowledgeable about the details of the transactions they are acting on, they bring a calmness and flexibilty in their approach to challenging issues.’

‘Strong leadership from partner-level down; team are highly commercial; they work highly effectively across borders and move seamlessly from corporate into specialisms that the situation requires.’

‘They are highly personable and make dealing with challenging situations and counterparties more manageable and far less stressful! They have an ability to simplify complex situations and distill it to key issues to focus on.’

‘James Trevis has led the relationship throughout our many years of working together; he always delivers a team to meet our requirements; he shows outstanding client service; he is pragmatic and commercial when it comes to fee discussions; he brings strong senior associates to support the service delivery.’

Key clients

Intermediate Capital Group

Silverfleet Capital

Vitruvian Partners

Perwyn LLP

Inflexion Private Equity Partners

Equistone Partners Europe Limited

Primary Capital

CBPE Capital Partners

Sovereign Capital

Livingbridge

LDC

H2 Equity Partners

Graphite Capital

Baird Capital Partners Europe

Bridgepoint Development Capital

Bridges Fund Management

Aurelius

Phoenix Private Equity

Elysian

NorthEdge

Bregal

EMK

Limerston Capital

Newlands Capital

Arcline Capital Partners

Elaghmore

Synova Capital

Work highlights

  • Advised founder Matthew Riley and the management team of the Daisy Group in relation to the terms of their reinvestment in Digital Wholesale Solutions, an independent IT, communications and cloud wholesale platform, which is currently part of the Daisy Group and their on-going relationship with Inflexion Private Equity, who made a significant minority investment in DWS.
  • Acted for the Waterlogic management team on the sale of a significant minority stake in Waterlogic by Funds managed by CastikCapital Partners GmbH and the Waterlogic management team to British Columbia Investment Management Corp (BCI).
  • Acted for CBPE and management on the sale of Spamedica to Nordic Capital.

Goodwin

Goodwin‘s City private equity team  is reaping the benefits of significant expansion in recent years. The firm added a team from Sidley Austin LLP led by Christian Iwasko  and Erik Dahl in September 2020, having already recruited James Grimwood, who previously led the private equity team at CMS, earlier on that year. It has extensive experience acting for buyout houses, porfolio companies and family offices in acquisitions and investments, as well as regularly advising management teams. The team is led by Richard Lever, with  Gemma Roberts another key partner name to note.

Practice head(s):

Richard Lever

Other key lawyers:

James Grimwood; Erik Dahl; Christian Iwasko; Gemma Roberts; Sava Savov; Carl Bradshaw; Michael Miranda; Michelle Tong; John Van de North

Testimonials

‘Good market intelligence, diverse teams, commercial and pragmatic.’

Key clients

ECI Partners

Inflexion

JMI Equity

Levine Leichtman Capital Partners

LionRock Capital

LDCYMayfair Equity Partners

Partners Group

TA Associates

TowerBrook Capital Partners

Work highlights

  • Advised CoreHR and its shareholders, including longstanding firm clients JMI Equity and JMIServices, in connection with the sale of the entire issued share capital of Core Bidco Limited.
  • Advised LionRock Capital Partners on its acquisition of a majority stake in Clarks, in connection with a £100 million equity investment.
  • Advised Partners Group on the acquisition of substantially all of the business and assets of UK high street restaurant chain, Côte Restaurants, by way of a pre-pack administration sale.

Hogan Lovells International LLP

Hogan Lovells International LLP 's private equity team has been bolstered by the return of partners Ed Harris  and Leanne Moezi in London and Adam Brown in Northern Virginia from Paul Hastings LLP. It is active across a range of mid-market PE transactional work, working for buyout houses and other clients active in sectors such as infrastructure, real estate, and financial services.

Testimonials

‘A very strong transactional team led by Ed Harris and Adam Brown. Driven, commercial, extremely responsive and with a client-first mindset. Use their people effectively and place a value on diversity and inclusion.  Focus on getting the deal done.’

‘Ed Harris – a critical relationship for us. Trusted advisor to the business, with deep transactional experience across a range of industries and sectors. Respected by counterparties and intermediaries. Leads the team very well. Adam Brown is calm, measured and highly responsive, works tirelessly to get the deal done. Spots and resolves issues effectively. Assertive with counterparties but with a collaborative attitude.’

‘We value the strong experience of Ed Harris and his team. Very good negotiator. Not details picky but more business oriented and efficient.’

Jones Day

Jones Day has a proven track record advising private equity clients on acquisitions and disposals, drawing on its offices around the world to advise on cross-border transactions involving the United States, Europe, and Asia. The practice is particularly active in the real estate sector, particularly on transactions involving student accommodation and data centres. Patrick Stafford leads the team and co-chairs the firm's global PE practice; elsewhere, Giles Elliott handles high-value transactions for a range of clients, and Julian Runnicles has more than 20 years' experience in this sector. Laura Pembridge was promoted to partner in December 2020 and is another name to note. Ben Shribman  left for Cooley (UK) LLP in 2020.

Practice head(s):

Patrick G. Stafford

Other key lawyers:

Giles Elliott; Julian Runnicles; Anna Cartwright; Liam Bonamy; Laura Pembridge

Testimonials

‘Collaboration is exemplary – they really are like an outsourced extension of our investment team.’

‘All partners – both junior and senior – know the firm exceptionally well. We would particularly call out Laura Pembridge, Liam Bonamy, and Pat Stafford.’

‘Julian Runnicles is a stand out guy. Very pragmatic and commercial.’

‘They have the willingness to help facilitate the deal getting gone rather than over lawyering.’

‘They have a very long term view on client relationships. Willing to invest time and provide ad hoc advice to create a trusted relationship.’

‘Liam Bonamy is highly commercial and understands what matters to a private equity sponsor. He is very good at simplifying complex issues down to focus on the key commercial implications. Likewise Pat Stafford is very commercial. Hugely experienced and a calm and reassuring presence on a deal.’

Key clients

AGIC Capital

Aermont Capital

ARA Asset Management Limited

Arsenal Capital Partners

CBRE Group, Inc.

DataBank

Delancey

Greystar Real Estate Partners

Goldman Sachs

Inflexion Private Equity Partners LLP

J.F. Lehman & Company

Koch Equity Development LLC

Allrise Capital Inc.

Pantheon Ventures

True Capital Ltd

Work highlights

  • Advised Koch Equity Development LLC (“KED”), the acquisition and investment subsidiary of Koch Industries, Inc., on its investment into AIM listed Victoria plc (“Victoria”), a UK-based global designer, manufacturer, and distributor of flooring products.
  • Advised the management team of Ki, the first fully digital and algorithmically-driven Lloyd’s syndicate, in the USD 500 million investment in Ki by funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings Limited.
  • Advised True Capital on its investment in Hush Homewear Limited, a digital fashion and lifestyle brand.

Mayer Brown International LLP

Mayer Brown International LLP advises private equity houses on complex transactions, including carve-outs, exits, acquisitions of distressed assets, and investments. The practice is capable of offering a comprehensive service to clients through its additional expertise in restructuring, finance, and tax, as well as its offices across a range of jurisdictions. Practice head Perry Yam has decades of experience in this sector and close links to a number of the firm's key buyout house clients, who praise him for 'putting his clients first'. James West is described as 'outstanding' by one client, while Neil Evans receives recognition for his 'impressive ability to deliver commercial solutions to complex problems'.

Practice head(s):

Perry Yam

Other key lawyers:

James West; Neil Evans

Testimonials

‘Understand how to deliver a value driven proposal for clients in this space whilst still maintaining  the standards expected. Have access to the full international network and work it well.’

‘The partners lead from the front not only in negotiation but even in drafting. They are there with us, their client, throughout the negotiation. They are always well informed and right across the deal issues. Like us, they want to get deals done and enable us to be pragmatic with a thorough awareness of what we are giving up to reach agreement. They are good natured, great company, highly sophisticated and client-centric. Excellent knowledge across a broad range of functions and areas. A commercial understanding and approach to all situations and a very strong network to support it.’

‘Excellent knowledge across a broad range of functions and areas. A commercial understanding and approach to all situations and a very strong network to support it.’

‘Neil Evans  – great addition to the team, hit the ground running and delivers high quality work with a great personable approach. Very commercial, committed to delivering the result for clients and providing assistance above and beyond wherever he can.’

‘Neil Evans is an exceptional real estate and M&A partner whose opinion I always seek on legal matters. He has an impressive ability to deliver commercial solutions to complex problems, as well as a deep understanding of both real estate law and corporate M&A law. I seek Neil’s advice on everything from corporate matters to partnership agreements and transactional work. He is supported by a strong team around him.’

‘James West is an outstanding lawyer who has delivered for us time after time. No deal is too large or small.  James has built strong rapport with my European colleagues who have also come to admire his energy, tenacity, flexibility and diligence. He is very comfortable with numbers and financial concepts which means our contracts are very robust time and again.’

‘Perry Yam puts his clients first. By reminding us of how active MB is in its market place it makes it very hard to go anywhere else. Perry’s team are amongst the most active lawyers in the Private Equity market which has the advantage that they have seen it all before. Perry will also roll his sleeves up and get stuck in. He is a very strong advocate for his team and puts them front and centre.’

Key clients

Aurelius Group

CBPE Capital

EMK Capital

Equistone Partners

Francisco Partners

Instincif Partners

L Catterton

Magnetar Capital

Melrose Industries PLC

Sovereign Capital

Stirling Square Capital Partners

The Halifax Group

Vitruvian Partners

Star Capital

Bain Capital

Inspirit Capital

Permira

Europi Capital

Work highlights

  • Acted for The Halifax Group in a carve-out from packaging business Sonoco to Halifax-backed Prairie Industries Holdings.
  • Advised Star Capital Partners on the acquisition of Hawksford Holdings Limited, an international provider of fund, corporate, and private client administration services to investment fund, institutional,entrepreneurial and UHNW clients across the globe. Star has acquired a majority stake from Dunedin who will retain a minority interest.
  • Represented CDK Inc., in the $1.45 billion sale of its international segment to private equity firm Francisco Partners Management, L.P.

Morgan, Lewis & Bockius UK LLP

Morgan, Lewis & Bockius UK LLP acts on private equity transactions across a broad range of sectors, including technology, healthcare, and professional services. The practice draws on its US heritage to advise on cross-border transactions involving American clients; in 2020, this included advising on one of the first acquisitions of a European company by a US SPAC. Tom Cartwright and Mark Geday jointly lead the London office; Cartwright has a specialism in the life sciences sector, while Geday frequently advises on investments and acquisitions involving investment management businesses. Tomasz Wozniak is another name to note.

Practice head(s):

Tom Cartwright; Mark Geday

Other key lawyers:

Tomasz Wozniak; Tim Corbett

Testimonials

‘Very dynamic, commercial and happy to stand up for their clients and not take the nonsense of the profession – a breath of fresh air.’

‘Tom Cartwright is bright, energetic, full of good ideas and works very hard but without aloofness  –  he is the model of a City partner.’

Key clients

Far Point Acquisition Corp

MSP Sports Capital

NSM Insurance Group

Channel 3 Consulting Ltd

Winter Capital Partners

Caltius Capital

Lincoln Peak Capital

Duff & Phelps

TRS Global

Digital Colony

Work highlights

  • Represented Far Point Acquisition Corp. in its $2.6 billion acquisition of Global Blue, a payment services company for international shopping owned by private equity funds managed by Silver Lake and Partners Group as well as management.
  • Represented MSP Sports Capital in its £185 million ($248.6 million) investment in McLaren Racing.
  • Represented White Mountain-backed NSM Insurance Group and its parent company White Mountains Insurance Group in their acquisition of Kingsbridge Group Ltd.

Osborne Clarke LLP

Osborne Clarke LLP is highly active across the full spectrum of private equity transactions, acting for buyout houses, management teams, and shareholders on acquisitons and sales. Bristol-based Alisdair Livingstone leads the team and has over 25 years' experience handling complex PE transactions. In London, Tim Hewens acts on the full range of transactions in this area, while Mark Spinner counts a number of major PE houses among his clients. Greg Leyshon in Reading is another name to note.

Practice head(s):

Alisdair Livingstone

Other key lawyers:

Tim Hewens; Mark Spinner; Greg Leyshon

Testimonials

‘Very commercial individuals who are always readily available and excellent at working with the other side.’

‘Real problem solvers with a low-key style. Low ego cuts through negotiations (and saves time and money!).’

‘They have a very collaborative and commercial approach to the legal elements of a transaction. They really understand what is important to us and what is worth fighting over and what isn’t.’

‘Very clear communicators. Strong process management/focus on key issues – drives efficiency.’

‘Tim Hewens is quite simply exceptional. He’s commercial, available, builds good teams and the epitome of a trusted advisor.’

Key clients

LDC

RJD Partners

NVM Private Equity

Synova

Growth Capital Partners

Caledonia Private Capital

Alcuin Capital Partners

Five Elms Capital

Tenzing Private Equity

Horizon Capital

Greystar Private Equity

Colony Capital Management

Firmament

Dunedin LLP

New Mountain Capital

Mobeus Equity Partners

Cadence Equity

Whitehelm Capital

ESO Capital

Work highlights

  • Advising HH Global Group and its management team on the $400million acquisition of InnerWorkings, Inc and associated equity investment by Blackstone Tactical Opportunities.
  • Advised Focus Group, a leading UK provider of communications and IT solutions, and its shareholders and management team, on the sale of a significant minority stake to Bowmark, the mid-market private equity firm and the simultaneous refinancing by Blackrock.
  • Advised Synova Capital on the management buyout of J.M. Glendinning Group Limited.

Squire Patton Boggs

In addition to acting for a number of private equity houses on transactions, Squire Patton Boggs is also frequently instructed by management teams to handle sales to private equity. The practice has a broad geographic reach; led by Paul Mann in Leeds, it also has teams in Manchester, Birmingham and London, in addition to lawyers across the US. Besides Mann, who acts on the full range of corporate transactions, key contacts in the team include Jonathan Jones, who also serves as European managing partner.  The firm has made a number of partner-level additions to the PE team since the start of 2020 including:  Ben Squires , Charles Leeming , Stephen Ball ,Fergus Gallagher  and Julian Thatcher.

Practice head(s):

Paul Mann

Other key lawyers:

Jonathan Jones; Mae Salem

Testimonials

‘Very good technically. Very sensible pragmatic advice. Always looked for solutions. Calm approach. Worked well with lawyers on the other side, non-adversarial.’

‘Highly commercial lawyers who understand their clients and their market as well as providing excellent legal advice.’

‘Collaboration amongst various service lines is incredibly strong i.e. corporate, banking, restructuring, property.’

‘The core team were excellent, all very pro-active, good allocation of work between them, technically very strong. Calm sensible approach to any issues, excellent planning of work streams to ensure efficient delivery of services.’

‘Paul Mann & Mae Salem – Paul as relationship partner and Mae as lead always have a considered, commercial and pragmatic view.’

Key clients

ECI Partners

Growth Capital Partners

NorthEdge Capital

Business Growth Fund

Inflexion Private Equity

H2 Equity Partners

Mobeus

Endless

LDC

Perwyn LLP

Work highlights

  • Assisted ECI Partners LLP on the acquisition by funds advised by ECI Partners LLP of 100% of the issued share capital of CSL (Dualcom) Limited (a leading provider of secure connectivity for M2M & IPO devices) from ICONIQ Capital, Norland and Rothschild Trust, including a management rollover into the ECI acquisition structure.
  • Advised ADEY and management sellers on the acquisition of ADEY Innovation by Polypipe Group plc for £210 million.
  • Advised the Shareholders of InXpress Holdings Ltd on the Management Buy-Out of InXpress Holdings Ltd and its subsidiaries, including overseas subsidiaries in the US, Australia, Canada, New Zealand, France, Germany, the Netherlands, South Africa, Hong Kong and Vietnam, by Salt Bidco Limited, backed by Hudson Hill Capital and existing Management.

Stephenson Harwood

Stephenson Harwood's private equity team has significantly expanded since 2019, when the firm was joined by Adam Crossley, Richard Coleman and Malcolm Macdougall  from Charles Russell Speechlys LLP. The practice handles the full range of transactions in this area, acting for private equity houses, portfolio companies, and management teams on investments, buy-outs, disposals, and bolt-on acquisitions. The practice is led by Jonathan Pittal, who has more than 20 years' experience in this area; elsewhere, Gabriel Boghossian is noted for his expertise in secondary transactions.

Practice head(s):

Jonathan Pittal

Other key lawyers:

Adam Crossley; Richard Coleman; Malcolm MacDougall; Gabriel Boghossian; Lydia Zakrzewski

Testimonials

‘Good skillset and clarity of process.’

‘Richard Coleman and Lydia Zakrzewski will always make time and give us good access to the rest of their organisation.’

‘We have worked with the team over several years. They are very professional, always available and quick to respond, stick to timetables and are very commercial in their approach.’

Key clients

Bowmark Capital

Elysian Capital

Mobeus

BGF

Farview Equity Partners

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

Work highlights

  • Advised mid-market private equity firm Bowmark Capital LLP on its significant minority investment in Focus 4 U Ltd.
  • Advised Elysian Capital, and the management team of the company, on the £103 million sale of Wellbeing Software to The Citadel Group, a company listed on The Australian Stock Exchange.
  • Advised a former management team from a FTSE plc, backed by Baird Capital, on the simultaneous acquisitions of two leading tech businesses – Intevi and Karlson – to create a new brand to reimagine future workspaces, Aura.

Taylor Wessing LLP

Well-known for its experience of transactions in the technology and life sciences space, Taylor Wessing LLP is also adept at advising on public equity matters involving real estate, financial services, and industrial companies. Practice head Emma Danks is well-regarded by peers for her work acting for PE houses and portfolio companies; elsewhere, James Goold is experienced across the full spectrum of transactions in this area. Jonny Bethell was promoted to partner in November 2020.

Practice head(s):

Emma Danks

Other key lawyers:

Edward Waldron; Jonny Bethell; Dominic FitzPatrick; James Goold; Suzy Penney; Alex Walker; Nick Karangizi

Testimonials

‘Very responsive and commercial.’

‘James Goold – good tone/manner and very commercial.’

‘We have found the TW team (Emma Danks and Alan Evans [real estate] as lead partners) to be great advisers, delivering technically astute and commercially-minded advice, successfully completing a complex deal within a tight timeframe.’

Key clients

Alcuin Capital Partners

Autofutura Group (an Inflexion portfolio company)

Baird Capital

BentallGreenOak

Bridgepoint Advisers

Bridges Fund Management

Caledonia Investments Plc

Community Fibre Limited

Hometrack (part of the Zoopla Property Group), a Silver Lake portfolio company

Inflexion Private Equity

Nucleus Global

Rutland Partners

Rockpool Investments

Shareholders of PCML

The Rohatyn Group

Wireless Logic (a Montagu portfolio company)

Work highlights

  • Advised Rutland Partners on its investment into JSM, a market leading infrastructure services provider to the UK’s critical digital communications and power sectors.
  • Advised Bridgepoint Growth on its investment in DeHavilland Information Services.
  • Advised Inflexion/Glide on the sale of the Glide group to the infrastructure fund Alinda Capital Partners.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP 's London practice head  Ian Ivory has been building up the London private equity team since he returned to the firm's City office in 2019. The team regularly works on international deals and is particularly active in matters involving Russia and CIS, given Ivory's past experience. Advising across a range of transactions, the London team regularly works with clients from the firm's core sectors such as real estate, technology and healthcare. Simon Beddow is another name to note in the practice.

Practice head(s):

Ian Ivory

Other key lawyers:

Simon Beddow

Testimonials

‘The quality of advice was exceptional.’

‘Ian Ivory was truly hands on and very much involved throughout the transaction.’

‘Highly responsive, immediate, available on call, proactive, hard working, willing to assist.’

‘Ian Ivory – Very hands on and involved. Deep experience from emerging markets and developed markets. Ability to think through difficult situations and come up with innovative solutions. His knowledge, practical advice and tenacity was invaluable and he did his work with good grace and class.’

Key clients

Baring Vostok Capital Partners

Capital Alliance Private Equity

Mubadala Investment Company

Investec Fund

Balmoral Funds

Macquarie Capital

Tattarang Group

GSH Private Capital

Clearbell Capital LLP

ITI Capital

Work highlights

  • Advised Emirati state-owned Mubadala Investment Company and other investors on their investment in MEL Science. The London-based company raised $14 million in Series B funding from investors to support the expansion of its subscription-based science education business.
  • Advised South Africa-based Investec Property Fund on its acquisition of a controlling interest in a €900 million pan-European logistics platform from Ares Management Corporation. The portfolio consists of 45 logistics properties across Europe.
  • Advised CERF S.à.r.l., a member of the group of entities doing business as The Carlyle Group on the acquisition of senior housing developer, Beechcroft Group from a fund managed by Alchemy Partners and the company’s senior management team. The transaction is backed by investment from Carlyle Europe Realty, a €540 million pan-European real estate fund.

Cooley (UK) LLP

Cooley (UK) LLP bolstered its London private equity team in 2020 with the hire of  Ben Shribman from Jones Day , further adding to the team's expertise in transactions in the technology sector. Beyond tech, the team is active in sectors including retail, sports, and hospitality, acting for UK PE houses as well as drawing on its links with the US to advise US-based funds. Stephen Rosen leads the team and, in addition to acting for sponsors, also advises on the management side of transactions, particularly for VC-funded companies.

Practice head(s):

Stephen Rosen

Other key lawyers:

Ben Shribman; Justin Stock; Michal Berkner;

Testimonials

‘Ben Shribman is super knowledgeable, calm in a storm and holds your hand through the whole process; in most cases winning over the client on the other side too. Because they have a brilliant VC practice they can straddle the track. They get growth style PE in a way that many without VC credentials don’t or can’t.’

‘Ben Shribman is the go to for me. Hard working, straight down the line dealmaker. He pays for his fees many times over with practical foresight of how the legals will affect our ability to manage the business post close.’

‘A huge amount of experience in the team in managing these type of transactions. They know and have worked with all of the PE companies, advisors, and private companies and as such have good working relationships and a great reputation. They are also very commercially focused and know when to push and when not to, what’s a risk and what’s not etc. To be honest there is no one else that comes close to Cooley.’

‘Stephen Rosen is honest, trustworthy and completely focused on getting the best result possible for you. He highlights risks ahead of time, ensures the wider team are all on the same page and aligned. He explains clauses in layman’s terms where necessary and will give his professional opinion as to whether it’s acceptable or not when asked. Nothing ever slips through the net and the end result is better than you’d otherwise get. He’s also a very genuine good guy and a pleasure to have on your side.’

Key clients

Primary Capital

Alcuin Capital

Bowmark Capital

GIC

Burda Principal Investments

Brandwatch

ContentSquare

VJ Technology

Carrick Capital

Management team of Calypso

Horizon Capital

Battery Ventures

Astra Capital Management

Management Team of CSL

Teneo Holdings

ICS Learn

Pizza Hut Restaurants UK

WeGotPOP

Work highlights

  • Advised Primary Capital in connection with its significant investment in Sigma Sports, the UK’s leading premium omni-channel retailer of cycling equipment.
  • Advised Burda Principal Investments (BPI) on the sale of Notonthehighstreet.com (NOTHS) to Great Hill Partners and BPI’s reinvestment of proceeds alongside Great Hill for £150 million.
  • Advised the management team of Calypso Technology, Inc. on its sale to Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, from international private equity group Bridgepoint and global growth investor Summit Partners for $3.75 billion.

Dorsey & Whitney

Dorsey & Whitney City buyout team is headed by Fabrizio Carpanini. The firm acts for institutional investors but also has a particular focus on advising management teams. In recent years it has developed a niche advising partners in professional services firms in relation to private equity backed consolidation. This work is just one plank of the firm's broader PE practice, which covers a range of sectors, including healthcare and recruitment, advising on everything from development capital deals to buyouts. Other key names to note include venture capital specialist Frances Doherty  and Carsten Greve.

Practice head(s):

Fabrizio Carpanini

Key clients

Graphite Capital

Arts Alliance Ventures

Apiary Capital

Horizon Capital

TA Associates

Warburg Pincus

Nova Capital

NorthEdge Capital

Inflexion Private Equity

C5 Capital

Index Ventures

Work highlights

  • Dorsey represented the shareholders of Cavendish Legal Group in its merger with O’Neill Patient Solicitors LLP (backed by Inflexion Private Equity).
  • Dorsey represented the management team of Vectair Systems and Mobeus Equity Partners on the US aspects of the sale of Vectair Systems.
  • Dorsey acted for Hygenia on EW Group’s acquisition of the company from private equity firm Warburg Pincus.

Gowling WLG

Gowling WLG's varied practice acts for PE houses on buyouts, disposals, and investments, including transactions involving international elements. Real estate, life sciences, and energy are particular sectors of focus for the team, which acts for a number of sector-specialist funds. As well as acting for sponsors, the team also receives mandates from portfolio companies and founders involved in sales to private equity. Ian Piggin leads the team, and focuses on life sciences transactions along with Neil Hendron. Chris Towle specialises in real estate transactions and additionally handles the team's relationships with US-based clients. The London office is frequently supported by the firm's Birmingham office.

Practice head(s):

Ian Piggin

Other key lawyers:

Neil Hendron; Chris Towle; Jeremy Millington; Gareth Baker;

Testimonials

‘Commercial lawyers who listen to what you want to achieve as a client and then go all out to deliver it. Great communication among the team meaning that all of them are aware of what is happening at any point. Able to call on a large team of specialists who communicate in plain English. They’re also just nice people to deal with!’

‘Chris Towle is an experienced partner who can rapidly assimilate information and advise you of the right course of action. He is a calm influence in the heat of a negotiation or whilst dealing with any challenging issues arising during a deal. I would highly recommend.’

‘Consistent, excellent client service is delivered throughout the Gowlings hierarchy.’

‘First-class customer service and high quality advice.’

Key clients

Lloyds Development Capital Limited

Star Capital Partners

NVM PE Limited

Cairngorm Capital Partners LLP

Montreux Healthcare Fund

Mobeus Equity Partners LLP

Equiom Holdings Ltd

BGF Investments LP

The Office Group Properties Limited / The Blackstone Group International Partners LLP

Mercia Asset Management PLC

Avison Young (Canada) Inc.

Pioneer Capital Partners LLP

MXP Capital

Kyotherm

Panoramic Growth Equity

Centerbridge

Mountaingate Capital

Gyrus Capital

Work highlights

  • Advised Gyrus Capital, an investment firm dedicated to investments in the health & care and sustainability sectors, on its agreement to acquire the LivaNova heart valve (HV) business, part of market-leading medical technology and innovation company LivaNova PLC.
  • Advised Grant & Stone, a portfolio company of Cairngorm Capital Partners, on its acquisition of 3Counties Timber & Building Supplies Limited (3Counties), Rawle Gammon & Baker Holdings Limited, BuildIt Gloster Limited and Total Plumbing Supplies Limited to create the largest independent builders’ merchant group in Southern England. The transactions also involved the arrangement of £124,000,000 of debt facilities.
  • Advised Montreux Healthcare Fixed Yield Fund on its acquisition of eleven specialist care sites from The Huntercombe Group.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP has been building up its City private equity team, adding David D’Souza  fromKirkland & Ellis International LLP  in September 2020. He heads the team alongside John Taylor, with the pair advising clients across a range of mid-market PE transactions,  including acquisitions, leveraged buyouts, public-to-privates and growth equity transactions.  The team has a particular focus on the energy, infrastructure, and real estate sectors, as well as life sciences and financial services.

Practice head(s):

John Taylor; David D’Souza

Other key lawyers:

Mark Bardell; Gavin Williams; Joseph Dennis

Key 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 & PartnersNoHanover 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 Capita

Work highlights

  • Advised CPP Investments on the establishment of a new, U.K.-based platform –Renewable Power Capital Limited (RPC). 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 the Consortium on their landmark acquisition of Kellas Midstream from Antin Infrastructure Partners. Kellas Midstream owns and operates key gas infrastructure in the UK Central and Southern North Sea comprising: (1) the Central Area Transmission System (“CATS”); (2) the Esmond Transportation System (“ETS”); and (3) the Humber Gathering System (“HGS”).
  • Advised The Ardonagh Group Limited in the context of the reorganisation of its management and shareholding structure, including the implementation of a roll-up of various managers across different entities of the group and a partial liquidation event, as well as the re-negotiation of the group’s equity documents, in the context of a debt refinancing and new acquisitions for an aggregated value of US$500 million.

McDermott Will & Emery UK LLP

McDermott Will & Emery UK LLP draws on its US links to advise US private equity sponsors on transactions in Europe, including acquisitions, investments, and public-to-privates. The team has a specialism in the healthcare and technology sectors, and is also capable of providing advice on the financing of deals as well as restructurings. Tom Whelan leads the team, with Eleanor West another key contact with experience of acting for both sponsors and portfolio companies. Piero Carbone departed in September 2020, joining DLA Piper.

Practice head(s):

Tom Whelan

Other key lawyers:

Eleanor West; Arvin Abraham

Key clients

H.I.G. Capital

Great Point Partners

Covis Pharma

Eight Roads

Ampersand Capital Partners

Group Winncare

Tana Africa Capital

Five Arrows

IK Investment Partners

Searchlight Capital Partners

SilverTree Equity

Work highlights

  • Advised Eight Roads in relation to the sale of the Optegra Group to H2 Equity Partners
  • Advised the management team of Covis Pharma on the re-investment into the new buying group, following the sale of Covis Pharma by Cerberus Capital Management (Cerberus) to Apollo Global Management, Inc, (Apollo).
  • Advising on the restructuring of the UK equity held by Groupe Winncare SAS and the Managers in Mangar Healthcare Limited and the sale of such UK equity as part of the IDI sale of Groupe Winncare SAS to new owner Siparex.

Mishcon de Reya LLP

Mishcon de Reya LLP is noted for its work acting for management teams involved in private equity transactions, including investments and buyouts. The team is active in sectors including retail, technology, and financial services. Nadim Meer leads the team, and Andrew Rimmington is active in cross-border transactions.

Practice head(s):

Nadim Meer

Other key lawyers:

Andrew Rimmington; Lucinda Brendon; Kevin McCarthy; Allison Keyse; Sam Perkins; James Paterson;

Testimonials

‘Great knowledge of current market management positions and trends and ability to compare what is being offered to what is generally available in the market.’

Key clients

Arcus Global

Cognito iQ

Corndel

Xiatech Consulting Limited

Seraphine

Xceptor

Spy Alarms

Your Parking Space

Sohonet

Calastone Limited

Autovista Group

Charles Taylor

Work highlights

  • Advised the management team of Xceptor, a global leader in the end-to-end, no-code process automation market, on the secondary buy-out by private equity firm Astorg, from CBPE Capital LLP.
  • Advised the management team of Sohonet on their equity arrangements on the secondary buy-out of Sohonet, led by LDC.
  • Advised on the secondary buy-out of maternity fashion brand, Seraphine, led by Mayfair Equity Partners.

Norton Rose Fulbright

Norton Rose Fulbright's London private equity practice draws on the wider firm's global connections to advise on crossborder buy-outs and exits. The practice counts international investors as well as management teams amongst its clients, and in addition acts for clients in portfolio company M&A. David Marshall leads the team, handling M&A, investments, restructurings and equity fundraisings. Bayo Odubeko is particularly focused on transactions involving emerging markets; Sophie O’Connor is another key contact.

Practice head(s):

David Marshall

Other key lawyers:

Bayo Odubeko; Sophie O’Connor; Mark Maurice;

Key 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

Work highlights

  • Advising Aquiline Financial Services and insurer ERS on a US$350m fundraising lead by ABRY.
  • Advising Modern Times Group on its acquisition of Hutch in the (active) e-gaming sub-sector.
  • Advising Starling Bank on its Series D funding round.

Paul Hastings LLP

Paul Hastings LLP acts for a range of private equity houses and their portfolio companies across acquisitions, disposals, mergers, and investments. The team has been strengthening ties with a number of PE houses including Francisco Partners and Astorg and also frequently works with clients including Oakley Capital. Anu Balasubramanian leads the London team, in addition to serving as vice chair of the global PE practice. Garrett Hayes and Matthew Poxon are also active in the PE space, in addition to advising on M&A transactions and joint ventures.

Practice head(s):

Anu Balasubramanian

Other key lawyers:

Garrett Hayes; Matthew Poxon; Jamie Holdoway

Testimonials

‘Anu Balasubramanian is a top-notch partner and was extensively involved throughout our transaction. Jamie Holdoway was an excellent associate and executed flawlessly.’

‘The best M&A lawyers I have come across in Europe. Extremely knowledgeable, highly pragmatic, always available, did whatever it took to get the deal done.’

‘A strong team drawing in great experience across multiple offices. They deliver exceptional value for money compared to other legal firms. Very much focused on the most important legal issues that really move the needle for us as clients and know and understand what matters for us.’

‘The team has a very deep and considered understanding of our specific key focus areas that they have built over a long period of working with us. They have built strong relationships not just with the deal teams but also with corporate individuals that makes working with them efficient as they will not hesitate to reach out to specific individuals.’

‘Strong team, in particular at partner level. Individuals are always available, into the detail and take a real problem solving approach.’

‘Garrett Hayes and David Prowse have been providing strong support and given expert legal advice across our portfolio in recent years. Garrett’s depth of experience is significant and always welcome.’

‘Garrett Hayes has been exceptional on multiple projects that we have worked on together. He is extremely proactive and commercial in driving all workstreams and keep the team focused on achieving the ultimate end goal. He is importantly very personable which makes him a pleasure to work with.’

Key clients

Brookfield

Abry Partners

Francisco Partners

Oakley Capital

Astorg Partners

Vector Capital

Symphony Technology Group

Strategic Value Partners

SICP Investments

Alpine Grove

Link Mobility Group AS

North Technology Group

Saba Software

Bregal

Benson Elliot

Work highlights

  • Advised Francisco Partners on the merger of its portfolio company, Consignor, a leading Oslo-based cloud Transport Administration System (TAS) platform, with Unifaun, a leading Stockholm-based cloud TAS platform and a portfolio company of Marlin Equity Partners.
  • Represented Francisco Partners in its acquisition of the international business segment of CDK Global, a leading provider of automotive retail software solutions in EMEA and Asia, for $1.45bn.

Reed Smith LLP

Reed Smith LLP 's London buyout team acts across the full spectrum of private equity transactions and frequently advises alongside the firm's network of offices around to world on cross-jurisdictional transactions. In addition to acting for sponsors, the practice has experience advising management teams and portfolio companies across sectors including energy, financial services, and life sciences. Philip Taylor and Mark Sanders lead the practice; Taylor has almost 30 years' experience, while Sanders has expertise in both private equity and private M&A. Sam Webster is another key contact in the team. Laura Brunnen departed the firm in April 2021 to launch The Legal Strategist consultancy.

Practice head(s):

Philip Taylor; Mark Sanders

Other key lawyers:

Sam Webster

Testimonials

‘In depth market knowledge and understanding. From a client perspective, having that credibility is vitally important in terms of negotiating and executing transactions in a way which causes minimal disruption to the business being acquired or invested in.’

‘Sam Webster’s ability to understand the key commercial objectives of the parties and transpose that into the core transaction documents and the overall process was invaluable. Sam was able to co-ordinate a multi-jurisdictional team to an extremely tight timetable across multiple time zones in a way which maintained the competitive nature of the auction process and ultimately, facilitated the client realising the optimum valuation for the business being sold.’

‘Great support, go the extra mile.’

Sidley Austin LLP

Sidley Austin LLP is active across the full range of private equity transactions in the mid-market space, from acquisitions and portfolio company M&A to growth equity investments. The London private equity team works alongside the firm's restructuring practice to advise on transactions involving distressed assets. In 2020, the team received instructions from prominent buyout houses including Towerbrook and KKR to act on transactions across Europe; the practice also acts alongside offices in the US on transatlantic deals. Key figures in the practice include Eleanor Shanks, who has close relationships with a range of prominent sponsors, and 'highly competent' Fatema Orjela whose practice includes acting for both US and European buyout houses. Adam Runcorn was promoted to partner in July 2020 and is another name to note. The firm announced the hire of two private equity partners - Dan Graham  and Paul Dunbar , alongside finance specialist Emilie Stewart, from Vinson & Elkins RLLP  in summer 2021 following a number of departures to Goodwin in 2020.

Practice head(s):

Tom Thesing

Other key lawyers:

Eleanor Shanks; Fatema Orjela; Adam Runcorn

Testimonials

‘The team is extremely commercial. I have also found their relationship building extremely effective – they do not interact at a transactional or task level, but at a human level.’

‘Years of working with our company gives them deep institutional knowledge. It’s amazing to have advisors who know when I’ll be stuck in the investment committee and can just got on with things.’

‘The team, overall, is very collegiate, helpful, engaging and friendly.’

‘The Sidley team is highly experienced and able to bring novel ideas to bear in complex transactions and negotiations. This experience runs deeper into the organisation than I would typically see at other law firms.’

‘ Fatema Orjela is a gifted and natural leader, as well as being a highly competent lawyer. What makes Fatema stand out is her ability to operate at 5mm and 30,000 feet – she has an extremely strong grasp of the detail but maintains a commercial perspective. As an advisor, while one would consider this a standard requisite, it is very rare. Fatema is also very effective at simplifying the complex and communicating very clearly. Her ability to build relationships and increase the value of the sum of the parts of her network is second to none.’

‘Eleanor Shanks gives full dedication to her clients. I fully trust her.’

‘Fatema Orjela has a fantastic approach to client service. She keeps in regular contact with her clients to ensure she can get ahead of issues, and provides and sources excellent support. She has an “ask me anything” approach that makes clients feel very comfortable with her and confident in her skills.’

‘Adam Runcorn is a fantastic rising star, great mastery of both the legal and commercial side.’

Key clients

H.I.G. Capital

TowerBrook

Apollo

KKR

GHO Capital

Great Hill Partners

Clearlake

Goldman SachsPrivate Capital

Partners Group

GIC

Bain Capital

ICG

Metric Capital

EQT

LetterOne

Asterion

OMERS

Work highlights

  • Advised Apollo and its majority-owned portfolio company CareerBuilder on their sale of Textkernel, a global AI-powered HR technology provider headquartered in the Netherlands, to Main Capital Partners.
  • Advised H.I.G. Capital and its portfolio company Vernacareon acquiring Infection Prevention from Frontier Medical Group.
  • Advised KKR on a number of transactions, including its growth investments in global online fitness platform Zwift,music licensing platform Artlist and AI and learning technology fintech start-up Feedzai.

Simmons & Simmons

Simmons & Simmons offers asset management clients experience handling transactions across a range of sectors. The practice is particularly focused on regulated industries such as energy, infrastructure, and financial services, and benefits from a network of international offices that enables it to advise on cross-border transactions.  Its team advises on transactions including MBOs, public to privates, consortium bids, portfolio exits and minority investments. The team is led by Arthur Stewart and Gideon Sharp, who is praised by clients as an 'outstanding commercial lawyer'.

Practice head(s):

Arthur Stewart; Gideon Sharp

Other key lawyers:

David Parkes; Steph Featherstone;

Testimonials

‘I get sensible, commercial advice backed by the latest market practice from the Simmons team.’

‘Gideon Sharp is very commercial and practical, provides good client care and is easy to deal with. An outstanding commercial lawyer who is highly effective in private equity transactions.’

Key clients

Brookfield Infrastructure

APG

Invesco Asset Management Limited

Nimbus

Mantoverde SA

Resource Capital Funds

Ping An Global Voyager Fund

Stone Point Capital

Francisco Partners / Sectigo Group

Paine Schwartz Partners LLC

PineBridge Investments Holdings US LLC

Work highlights

  • Advised PineBridge on its acquisition of private equity real estate firm Benson Elliot Capital Management LLP.
  • Advised Invesco in relation to the sale of a portfolio of private equity minority interests to various acquirers including TenCent (Chinese PE investor); Hambro Perks (PE/VC investor) and others for a purchase price in the region of £210M.
  • We advised Paine Schwartz Partners LLC on its $230 million leveraged buy-out acquisition of Kynetec.

Watson Farley & Williams LLP

Energy, healthcare, and real estate are sector specialisms for the private equity team at Watson Farley & Williams LLP. The practice is active advising on investments, acquisitions and disposals in these areas, working alongside the firm's tax, projects and regulatory practices to service clients. Practice head Chris Kilburn focuses on the energy sector, including renewable energy. Andy Savage handles both UK and cross-border transactions, particularly in Africa; elsewhere, Tom Jarvis is noted for his work on the tax structuring of transactions.

Practice head(s):

Chris Kilburn

Other key lawyers:

Andy Savage; Tom Jarvis

Testimonials

‘Strong process management, commercial understanding and ease of working.’

‘Very approachable and flexible. Excellent communication skills and hard-working to deliver value for the client.’

Key clients

InfraRed Capital Partners

LeapFrog Investments

DIF

Helios Energy Investment

Bio Capital

Work highlights

  • Advised leading alternative asset manager HRL Morrison & Co. on structuring and implementing an investment platform for pan-European developments.
  • 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 Bio Capital 2 Ltd on its acquisition of Redstow Renewables Ltd, an anaerobic digestion (AD) plant, from Downing LLP.

Burges Salmon LLP

Bristol-based Burges Salmon LLP acts for a range of PE houses in investments, buyouts, and disposals; the practice also advises management teams on transactions. As well as handling deals in the technology and hospitality sectors; the practice has a particular focus on infrastructure, with energy, transportation, and telecommunications transactions featuring heavily in its work. Mark Shepherd leads the practice, which frequently collaborates with the Edinburgh team headed by Danny Lee.

Practice head(s):

Mark Shepherd

Other key lawyers:

Danny Lee; Richard Spink

Testimonials

‘Bristol-based with local knowledge.’

‘Richard Spink – very commercial and easy to deal with. Good understanding of client needs.’

‘We valued their depth and breadth of experience.’

Key clients

ECI Partners

Gresham House British Strategic Investment Fund

Mobeus Equity Partners LLP

LDC (Managers) Limited

BGF (formerly Business Growth Fund)

Octopus Investments Limited

Ingenious Investments

Tiger Infrastructure Partners

Bridges Fund Management

Causeway Capital

Work highlights

  • Advised Embark Group on its purchase of Sterling ISA Managers Ltd, a platform provider, and Zurich Investment Services (UK) Ltd, a fund manager, from the Zurich Group, together with an associated institutional investment round.
  • Advised Inverleith LLP on its acquisition of 84.55% of the share capital of, and subsequent investment in, outdoor clothing brand company Montane Limited.
  • Advised the management team of Hector Rail Group in connection with the buyout by infrastructure group, Ancala, of EQT Infrastructure’s interest in Hector Rail Group, the largest private rail freight operator in Scandinavia (which also has significant operations in Germany).

Charles Russell Speechlys LLP

Charles Russell Speechlys LLP is active in handling private equity transactions across a range of sectors. In addition to acting for PE houses and management teams in acquisitions and disposals, the practice is noteworthy for its work with private clients, advising them on investments. The team also stands out for its work in the African market. The team is jointly led by Andrew Clarke and David Coates in London, and Adrian Mayer in Cheltenham.

Practice head(s):

Andrew Clarke; David Coates; Adrian Mayer

Testimonials

‘I found CRS easy to work with. Always approachable and personable. They were transparent and explained in detail all the necessary legals required for the transaction, while taking into account our needs. They went over and beyond what I would expect from any solicitors. They were solid in their approach, and understood that this deal was very personal to us. It was a pleasure to work with the CRS team.’

‘A very strong and entrepreneurial team.’

‘Experienced and knoweledgeable, very approachable, candid.’

Key clients

TDR Capital

Battery Ventures

Limerston Capital

Kreos

Duet Private Equity

Puma Private Equity

Actis

Content+Cloud (backed by ECI Partners)

IFS (backed by EQT and TA Associates)

Acora (backed by Palatine)

Veriton Pharma (backed by Charterhouse Capital Partners)

Work highlights

  • Advised Franek Sodzawiczny, founder and CEO of data centre platform Global Technical Realty (GTR), and his management team on an initial USD$1bn investment by global investment firm KKR.
  • Advised TDR Capital LLP and the Issa brothers on the real estate elements of their acquisition of a majority stake in ASDA from Walmart for £6.8bn
  • Advised UK headquartered managed IT services provider, Acora, on its auction process and subsequent investment round with Palatine Private Equity.

K&L Gates LLP

Under the leadership of James Cross, K&L Gates LLP handles private equity transactions for management teams, buyout houses, and portfolio companies across a range of sectors, including technology, media and logistics. Cross is supported by the firm's tax, banking, and employment teams to provide comprehensive advice on deals. He is praised by clients as 'commercial', with 'tremendous flexibility', while the team as a whole is valued for its 'pragmatic' advice.

Practice head(s):

James Cross

Testimonials

‘Their approach was pragmatic and thorough, giving us confidence that we were covered the whole time, while not presenting unnecessary difficulty around red tape.’

‘They had great flexibility to focus on key commercial matters while providing excellent support on ad hoc issues.’

‘James Cross is excellent. Commercial, hard-working and has tremendous flexibility.’

‘James Cross has an excellent ability to respond quickly to requests and mobilise the organisation.’

Key clients

ESO Capital

August Equity

Inspirit Capital

Wheatsheaf Group (PE arm of Grosvenor Estates)

BGF

Continuance Capital

Sonmarg Capital

Federated Investors, Inc.

Hudson Clean Energy Partners LP

Work highlights

  • Advised ESO Capital on its investment in leading facilities management company Arcus FM.
  • Acted for Inspirit Capital on an investment in Procam Group, Europe’s largest digital cinematography and hire facility.
  • Acted for Continuance Capital on the acquisition of PeterLynn Limited, a leading converter of digital and flexographically printed labels.

RPC

RPC‘s London private equity practice is headed by David Wallis and James Mee and has a particular focus on the insurance industry. While insurance and financial services continues to make up a significant proportion of the group’s work, the practice has started to broaden out its offering to handle PE work in tech and retail, both of which are core sectors for the wider firm. Partners Jeremy Cunningham and Peter Sugden both work in the VC/growth capital field.

Practice head(s):

David Wallis

Other key lawyers:

James Mee; Chris Brierley; Karen Hendy

Key clients

Ebury

Shareholders of Beat Capital Partners

Mosaic Insurance Holdings Limited

JRJ Group

Mobeus Equity Partners

Food Freshness

Comhar Capital Limited

Sole Shareholder of Supreme Corporation

Azzurri Group (owner of Zizzi and ASK Italian)

The Japanese owner of Globe-Trotter

Svenska Cellulosa AB (SCA)

Work highlights

  • Advised Ebury, the best-in-class trade and foreign exchange facilitator for SMEs, on its £350m strategic investment arrangement with Santander
  • Supported a significant insurance transaction advising the shareholders of insurance investor Beat Capital Partners on its strategic partnership with Bain Capital Credit, a leading global credit specialist.
  • Assisted in advising Mosaic on the establishment of a new underwriting business at Lloyd’s of London.

Winston & Strawn LLP

Winston & Strawn LLP stands out for its work advising US-based private equity clients, including Hudson Hill, Longshore Capital, and Water Street Healthcare, on transactions involving European companies. As well as handling buyouts, the team also counsels clients on disposals and bolt-on transactions. Paul Amiss and Nicholas Usher lead the team; Amiss acts for PE houses and family offices on cross-border mandates as well as advising founders and entrepreneurs on sales. Usher is noted for his active practice advising American funds entering the UK market. Ian Borman  is the name to note on the financing side.

Practice head(s):

Paul Amiss; Nicholas Usher

Other key lawyers:

Ian Borman

Testimonials

‘The Winston team is both innovative and collaborative. They are at the forefront of developments such as the use of SPACs, have strength within the London market and have a very impressive team across the US.’

‘High technical capability, strong work ethic, very professional, great culture of problem solving and polite to deal with.’

‘Paul Amiss and Ian Borman are well-established partners with a great reputation. Nicholas Usher has a great deal of experience on public deals, which shows when you work with him.’

Key clients

ACON Investments

Blackrock Investment Management

Capdesia Group Limited

General American Capital Partners

Group Emera

Hudson Hill Capital

Kainos Capital

Longshore Capital

Stephens Capital Partners

Upper90 Capital Management

Volery Capital Management LLC

Water Street Healthcare Partners

Work highlights

  • Advised French care group Emera in its acquisition of a majority stake in Irish nursing homes operator Virtue Group.
  • Represented Hudson Hill Capital on its acquisition of a majority stake in InXpress Holdings Ltd, an international logistics franchisor serving customers through a network of almost 500 franchises in 14 countries.
  • Represented Capdesia Group Limited on their platform investment in Wasabi restaurants.