Lovells (Marco Compagnoni) advised 3i on the £267m buyout of Westminster Health Care's Senior Living Division. 3i was also advised in-house (Simon Holland, Alastair Richardson). The vendors, a group of investors including Goldman Sachs and Welsh Carson Anderson & Stowe were represented by Freshfields Bruckhaus Deringer.
Hewitson Becke + Shaw (James Lawrence) advised Cambridge biotech company Arakis on the release of second-round preference shares, which will raise up to £16m. Investors Nomura and 3i were represented by Ashurst Morris Crisp. Merlin was represented by KLegal. MB Venture Capital was represented by Taylor Vinters.
Linklaters (Mark Stamp, David Weber) is advising Balfour Beatty on its proposed £1.2bn joint venture with Consignia to provide facilities management services. Consignia is being advised by Lovells.
CMS Cameron McKenna (Andrew Sheach) has advised ABN Amro Capital on the management buyout of British European Associated Publishers for £36.7m. Management represented by Pinsent Curtis Biddle. Debt financier Bank of Scotland Corporate Banking advised by Dickson Minto.