The private equity team at Gowling WLG has advised leading mid-market private equity firm LDC on its £17m buy-out of Panther Logistics.
Northampton-headquartered Panther specialises in two-man and one-man assisted delivery services for major brands and retailers, including Dunelm, Silent Night and Bosch Siemens.
Gowling WLG advised LDC on its investment, the terms of Panther’s acquisition, and the negotiation of new senior debt and working capital facilities with Santander.
Partner Jeremy Millington led the Gowling WLG team, supported by corporate associates Laura Dick and Charlotte Pitt. Principal associate Navin Prabhakar and associate Stephanie Brigham of the Banking team advised on the new bank facilities. Transaction Services specialists Greg Dunn and Matthew Dorman dealt with legal due diligence.
The LDC team was led by LDC Investment Directors Rob Schofield and Victoria Marcer.
Howes Percival advised the selling shareholders of Panther, Clark Willmott advised Panther’s management team and Santander was advised by Gateley.
