The Gowling WLG corporate team has advised on the sale of the majority stake in JD Classics to the pan-European mid-market private equity firm Charme III.

The firm advised Derek Hood, founder of premium car restoration business JD Classics, on the transaction. Derek will retain a significant stake and will partner with Charme and the co-investors.

Founded in the 1980s, Derek Hood built JD Classics into the pre-eminent specialist in retail, restoring, racing and exporting premium classic road and race cars worldwide.

The Gowling WLG team consisted of corporate partners Stuart Young and David Vaughan, assisted by senior associate Stephen Bowman and associate Charlotte Pitt, tax partner Michael Murphy, partner and head of the banking and finance team Kirsty Barnesand senior property associate Caroline Frost. A broad team of other specialists provided additional support.