Linklaters scores Capvest coup

Linklaters has made a brave attempt at rebuilding its private equity practice following the departure of partners Graham White and Raymond McKeeve to Chicago giant Kirkland & Ellis earlier this year.

Linklaters partners Charlie Jacob and Richard Youle won the mandate to advise CapVest, a regular client of its Stockholm arm, on the sale of Unilever’s frozen food business, which includes the iconic brand Birds Eye.

The division was eventually sold to Permira, advised by Clifford Chance partners Matthew Layton and Simon Cooke, for £1.16bn.

Although CapVest and Linklaters were on the losing side, the firm deserves some credit for securing such a high-profile mandate.

Unilever was advised by Slaughter and May corporate partner Gary Eaborn.