The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
SJ Berwin has bagged a mandate from existing client Aldermore Bank on its integration of listed financial service company Absolute Invoice Finance Holdings.
Corporate partner Perry Yam led the SJ Berwin team on the transaction, with support from tax partner Dominic Adams.
The deal follows the acquisition this August of the company - previously the invoice finance arm of Cattles - by private equity house AnaCap, of which Aldermore is a subsidiary.
Bond Pearce acted for AnaCap on the acquisition with finance partner Graham Jeffries taking the lead.
Yam also led when his firm acted for AnaCap in its groundbreaking buy-out of Aldermore (then known as Ruffler Bank) earlier this year. The deal marked the first time a non-captive private equity house had acquired a deposit-taking UK bank.
The deal could be the first of many according to Yam.
“We have been inundated with requests from other private equity houses that realise there’s the scope to build similar platforms,” he said. “This is something that will perhaps be replicated in the next 12-18 months.”