Kingsley Napley is claiming its arrival as a “big player” on the commercial law scene after completing its first large-scale corporate deal since it merged with Walsh Lawson in March.
It acted for the two principal shareholders of Pearl & Dean when its capital was acquired by Scottish Media Group last week in a deal worth u22.2m.
“This shows that we are up and running as a serious commercial practice, and work is going to come in fast and furious,” says Nicola Bustin, the corporate finance partner who led the Kingsley Napley team.
She adds that the merger transferred Walsh Lawson's commercial expertise into the City, and gave Kingsley Napley a highly-respected commercial arm.
The expected outcome is that large-scale City commercial work will come the way of the new merged firm.
Bustin says: “Walsh Lawson's corporate clients did not like the fact that we were situated in the West End.
“Kingsley Napley was known for big litigation cases like General Pinochet and Nick Leeson, but it was not so well-known for corporate work. So we combined the best of both firms.
“Now we are going to be big players in commercial law. This case marks the entrance of Kingsley Napley into the corporate finance legal world. Watch this space.”
The firm's corporate finance partner Tony Sacker advised Pearl & Dean's shareholders on the intellectual property aspects of the deal.
“It is a very significant deal for us,” says Sacker. “It's good for us to have been able to operate on this level with old and new partners from the firm after the merger.”
Scottish Media Group was advised by Dundas & Wilson, whose team was led by corporate finance partner Graham Sibbald.