Lovells drives through LVG sale for Kelso

Kelso Place acquired the business and assets of LVG, which include Red – the UK’s third-largest driving school – from ­administrator Andrew Stoneman at ­Menzies Corporate Finance.

Lovells corporate of ­counsel Amit Nayyar, who led the team advising the existing client of the firm, said: “There was a lot of work in a few days. ­Obviously we had to get in there quickly because the value of the brand was going to slip.”

Nayyar worked with insolvency partner Joe ­Bannister on the insolvency of LVG. Support was ­provided by corporate ­associate Michael Stewart and insolvency and ­restructuring associates Natasha Watson and Ed Mathison. Vanessa Hogan provided advice on ­employment matters and Stephen Elliott advised on property issues arising in relation to the transaction.  

Partner David Ingram at Ingram Winter Green advised the administrators.