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Olswang is poised to bulk up its private equity team with the hire of two SJ Berwin partners Jonathan Pittal and Perry Yam.
Over the course of the last couple of years Pittal has advised JP Morgan, Hamilton Lane, Nordea and Coal Pension Board on the establishment of investment fund products and the acquisition of interests in investment funds. He also advised Phildrew Ventures (now known as IRRfc) on their buyout from UBS Capital. Other clients he has advised include Atlas Venture and Sagitta.
Yam has advised on similar matters, with a particular expertise in the IT and biotechnology sector.
Since its inception in 1981 Olswang has taken a number of partners from SJ Berwin, including media partner Jacqueline Hurt, commercial litigator David Stewart and corporate partner Graeme Levy. Current Olswang chief executive Jonathan Goldstein also spent two years at the firm.
The news comes after SJ Berwin lost three partners in January with Sally Pinkerton joining Wragge & Co’s London real estate team, funds partner John Daghlian leaving to O’Melveny & Myers and competition partner Tom Usher heading to the Edinburgh office of Dundas & Wilson. It is not thought that the departures are related.