Vectura

KLegal corporate partner Patrick Martin boasts private equity fund Merlin as one of his biggest clients, and it has moved with him from Pinsent Curtis to Price Waterhouse’s law firm Arnheim & Co, and from there to KLegal.

Merlin became one of the founding investors in Bath-based drug delivery company Vectura in 1997, and Martin has been involved throughout. Although Merlin was one of the investors in this second round of equity financing it was not the lead investor so was quite happy for KLegal to represent Vectura.

Merlin has invested through both of its funds, with Merlin Biosciences Fund and the Merlin Fund contributing £2.8m and £1m respectively.