Barlow Lyde & Gilbert (BLG) and HBJ Gateley Wareing advised on the £50m management buyout of shirtmaker TM Lewin. TM Lewin, which makes and sells business and dress shirts, has 37 outlets and an annual turnover of £40m. BLG advised both the vendors and management. London-based corporate partner John Cadman led the team advising the vendors and London corporate partner Peter Allen and senior associate Helen Johnson advised the management. The management team was backed by the Bank of Scotland, advised by Gateley Wareing, with commercial advice from Ernst & Young and PricewaterhouseCoopers. The Gateley Wareing team was led by Birmingham-based corporate partner Paul Hayward.