Swan capital investments

Another nice public to private deal from Travers Smith, this time brought to the firm by Jim Morris, who left Travers Smith to join WestLB a few years ago and is now a director in its legal department.

WestLB provided the financing for the deal and Morris called on Travers Smith partners Spencer Summerfield and Philip Sanderson to advise newco Swan Capital Investments on the management buyout, which values Mid Kent Holdings at £106m.

Allen & Overy (A&O), through partner Jeremy Hunt, was called on to advise WestLB as a result of the firm’s close relationship with the bank. A&O dealt with the complicated regulatory issues surrounding the deal.

This is the latest in a long line of public to private deals for Travers Smith and comes hard on the heels of the team acting for 3i and General London Construction in their £307m bid for Fairview New House at the end of last year.