Corporate summary

Ashurst Morris Crisp (Steven Fox, Mark Lubbock) advised SkyePharma on the licensing of its product Solaraze to Bioglan Pharma. Bioglan advised by Norton Rose (Rosalind Messer).

Penningtons (Ron Allsopp) advised ICL Fertilizers, a division of Israel Chemicals, on the $45m (£31m) acquisition of potash producer Cleveland Potash from Anglo American. The transaction is conditional on the approval of a number of EU competition authorities. Eversheds (Stephen Hopkins) advised Anglo American.

Fladgate Fielder (Nicholas Greenstone, David Robinson) advised Spring Grove Property Maintenance on the raising of its £2.4m AIM admission. Rosenblatt (Tessa Laws) acted for Shore Capital and Corporate, Spring Grove's nominated adviser, and its broker, Shore Capital Stockbrokers.

Wragge & Co (Andy Stylianou) advised Close Brothers Private Equity on a £30m management buyout of Gradus, part of Headlam. Eversheds (Catherine Boucher) advised Headlam.

CMS Cameron McKenna (Andrew Sheach) advised Lloyds TSB Development Capital on a £10m management buyout of Spearhead Exhibitions from corporate communications agency PGI. Camerons also advised the purchasing vehicle on the acquisition and its loan from Barclays Bank to fund the deal. DLA (Andrew Roberts) advised the management team. Hammond Suddards Edge (Diane Maino) advised vendors PGI. Barlow Lyde & Gilbert (Jonathan Vanderkar) advised Barclays.

Goodman Derrick (Philip Langford) advised World Travel Holdings on the acquisition of Aerotech Europe from Culver Holdings and its subsequent shares placing and offer. The placing was underwritten by Credit Lyonnais Securities. Ashurst Morris Crisp (Michael Robins) advised Credit Lyonnais. Culver handled the sale in-house (Adrian Biles).