Our Corporate team regularly advise on private equity transactions including:
- Venture and growth capital
- Pre-investment documentation
- Investment and shareholders agreements
- Articles of association
- Intercreditor agreements
- Management buy outs
Our Corporate team acts for private equity funders, companies receiving an investment, and banks providing debt funding alongside an equity investment. Examples of our work in this area include:
Investments by Altitude Partners LLP
We have acted for Altitude Partners on a number of investments including their investments in James Tobias Limited, Moortec Semiconductors and Chameleon Travel, as well as ongoing advice to a number of their existing “portfolio” companies.
Our work has involved drafting the investment documentation (including both equity and loan notes) and associated employment arrangements.
Receipt of private equity investment by Tushingham Sails
South West based Tushingham Sails is a manufacturer and distributor of water sports equipment. Starting out as a windsurfing sail maker, the company has now diversified to cover many aspects of the water sports sector, including distribution arrangements with many of the world’s leading brands.
The corporate team at Clarke Willmott acted for existing management in taking significant cash investment from London-based private equity firm, Mobeus. The investment was to assist the continued development of the brand and in particular the growth of its business in the Stand Up Paddleboard (SUP) market. Our lawyers managed an in-depth due diligence processes that included establishing and managing a dedicated client extranet, providing online access to a substantial volume of documents. They also negotiated the investment documentation including relating to a sale of some shares by the founders. Other aspects included negotiating employment documentation, and advising on a complex tax structure.
Receipt of a private equity investment by Eduko Education
Eduko is a new entrant to the early education sector with ambitious plans to create a market leading group, offering forward-thinking nurseries for 21st century families. We advised its management in relation to a significant private equity investment and the simultaneous acquisition of their first group of four nurseries located in and around London.
Clarke Willmott negotiated a Loan Market Association style facility agreement and a full suite of security documents as well as managing the satisfaction of various conditions precedent in both the UK and in Luxembourg. The transaction is an example of the team’s ability to handle complex, cross-border, transactions.
Management buy out of Panther Logistics
Clarke Willmott advised the management team on their £17 million buy-out of Panther Logistics. We provided a five strong team to advise the new management on all aspects of the deal, including corporate, tax and employment advice. Following the investment, Panther plans to continue to invest in its operations and develop new service innovations to support its customers.
“This is an exciting point in the business’ journey for our employees and customers alike. I would like to thank Clarke Willmott for all the hard work and dedication they gave us throughout the process. Particularly Simon Smith and Kirill Bingham for the invaluable guidance and advice they gave me and my team.” Colin McCarthy, Managing Director, Panther Warehousing Ltd
Contact a private equity investment lawyer
If you would like to find out more about how our Corporate team can support you in making or receiving a private equity investment, please contact one of our lawyers directly or by calling 0800 652 8025. Please click here to see contact details for our Corporate partners.
Clarke Willmott has offices in Birmingham, Bristol, Cardiff, London, Manchester, Southampton and Taunton. We provide corporate legal advice both to businesses located within the UK and internationally.