Freshfields and Hammonds advise on Pearson’s Melorio bid

Hammonds has been instructed by vocational training provider Melorio to advise on its £99.3m takeover approach from Pearson.

Corporate partners James McKay and Giles Distin led the team advising Melorio, which is considered among the UK’s biggest vocational training groups and employs around 1,100 people.

Pearson, the world’s leading educational publisher which also owns the Financial Times and Penguin, was advised by Freshfields Bruckhaus Deringer partner Stephen Hewes and associate Richard Thexton.

Hammonds has advised Melorio since the beginning of 2008. The company first floated on Aim in October 2007.

Earlier this year the Hammonds team advised Care UK in its £281m acquisition by Bridgepoint Development Capital. McKay said: “This time last year the market was in a very difficult position and was still suffering post-Lehman. There’s now definitely a sense of life creeping back into the market.”