Deals round-up

Herbert Smith has scooped a mandate to advise defence technology business QinetiQ on its proposed £1.1bn London Stock Exchange debut. Herbert Smith’s relationship with QinetiQ spans several years. The City firm advised the company when it was privatised, with US investment house Carlyle Group taking a strategic stake in the business. Clifford Chance is advising Carlyle, the buyout house which holds a strategic stake in QinetiQ, while Simmons & Simmons is understood to be acting for the Ministry of Defence.

Leeds firm Walker Morris consolidated its relationship with longstanding client Bupa by advising the company on its £328m acquisition of rival healthcare provider Associated Nursing Services (ANS). Partner Ian Gilbert advised Bupa Care Services on the deal, which makes the company the largest care home operator in the UK. Bupa will now have more than 21,000 beds in 297 private care homes and a turnover of more than £535m. Walker Morris fielded a team including Gilbert, property partners Jeremy Moore and Austin Judson and tax partner Simon Concannon. Herbert Smith partner Mark Geday advised ANS.

Kirkland & Ellis New York, led by partner Kirk Radke, is advising CVC Capital Partners on Europe’s largest private equity fund. CVC European Equity Partners IV will be used to fund investments in Europe. Recent deals include the e1.5bn (£1.04bn) acquisition of Ruhrgas Industries and the £1.75bn purchase of motoring organisation AA. Kirkland also led on CVC’s recently closed CVC Capital Partners Asia Pacific II, which at $1.98bn (£1.11bn) is the largest private equity fund in the Asia Pacific.