Pinsents, Camerons act on Capula buyout

Pinsent Masons and CMS Cameron McKenna advised on the £30m secondary buyout of energy and utilities IT service provider Capula from Sintern. Pinsents advised UK private equity house Dunedin Capital Partners, which backed a management team led by Capula chief executive officer Roger Turner. Dunedin provided £15.6m for a 70 per cent equity stake in the business, alongside a debt facility of £14.5m provided by Barclays Leveraged Finance. Dunedin directors John Hudson and Dougal Bennett led and completed the transaction. The Pinsents team was led by London-based private equity partner Jonathan Reardon. Camerons advised Sintem, led by partner Niall McAlister. HBJ Gateley Wareing acted for financial backer Barclays, led by banking and corporate partner David Kirchin. Hammonds Manchester partner Gregg Davison led the team that acted for the management.