CC, Macfarlanes, Travers secure Bridgepoint-Hermes mandate

A trio of UK firms has won roles advising on ­private equity house Bridgepoint’s appointment as manager of Hermes Private Equity’s funds.

Hermes instructed a Macfarlanes team led by partner Luke Powell.

Clifford Chance partner Kem Ihenacho advised Bridgepoint. The deal will see the private equity house manage ­Hermes’ £550m direct investment private equity portfolio.

Powell said: “We’ve advised Hermes in the fund group before. This is a good example of advising a client across a number of practice groups. We had a large team from the corporate, funds and tax practice groups advising on the deal.”

Longstanding Hermes adviser Travers Smith, which is also a regular Bridgepoint adviser, acted for the Hermes Private Equity direct investment team, led by partners Helen Croke and Chris Hayle.

Croke said: “It’s quite an interesting structure that has a wide variety of issues, particularly in corporate and funds. We’ve worked with the direct investment team for a long time and know them very well.”

Travers has an established relationship with Bridgepoint. Last summer The Lawyer reported (19 August 2008) that Travers private equity partner Charles Barter was set to join the company in October 2008 as its first-ever general counsel.

The firm advised Hermes Private Equity on its 2004 £86m acquisition of office supplies company Oyez-Straker from Bridgepoint.
Clifford Chance was unavailable for comment.