Wragge Lawrence Graham & Co advises on sale of Kennet Equipment Leasing

Wragge Lawrence Graham & Co has advised the owners of Kennet Equipment Leasing on its sale to a new fund raised by European fund manager STAR Capital Partners.

As part of the deal, STAR has put in place a total funding line of more than £100m.

Kennet Equipment Leasing, a UK equipment finance broker to small and medium-sized enterprises, was acquired via the STAR Finance Partnership vehicle — a fund established for the purpose of and to consolidate the asset finance broker market.

Head of enterprise Andrew Lawton Smith led the Wragge Lawrence Graham & Co team, which also included directors Jonathan Segal (regulatory and finance) and Chris Towle (corporate).

The team worked alongside KPMG Corporate Finance in Birmingham, led by Stephen Craik and Khush Purewal.

STAR was advised by Slaughter and May (Mark Horton and Chris Cowley).