Hammonds secures acquisition for new client Endless

Hammonds has advised new client Endless on the acquisition of Lancashire Chemical Works via a management buy-in led by Endless candidate Richard Sykes.

Corporate partner Nick Watson and associate Paul Mann obtained the instruction from the private equity house in April 2007, with the deal taking seven months to close.

Historically, Leeds-based Endless has used Walker Morris for the majority of the 17 transactions it has completed since launching in 2005. While there was no formal pitch, Hammonds said it bagged the deal through an extensive marketing process.

Mike Blood, partner at Brabners Chaffe Street, advised Lancashire Chemical Works on the transaction. The value of the deal has not been disclosed.

Endless has raised £135m of funds so far. In addition to offices in Manchester and Birmingham the private equity house, which is led by former Andersen and Ernst & Young advisers Garry Wilson and Darren Forshaw, plans to open in London and an additional location in 2008.