Deals summary

Arnold & Porter (Julian Thurston, Bradley Theobald, Cathryn Noke) advised Cambridge private biotechnology company KuDOS Pharmaceuticals on the completion of a third round of private equity funding totalling £29.5m.

Charles Russell (Jennifer Pierce, Glafkos Tombolis) advised Elevon on the sale of its UK operations for $16.5m (£10.6m) to its UK management team in a deal funded by Alchemy. Alchemy represented by Macfarlanes.

Ashurst Morris Crisp (David Carter) advised Electra Investment Trust, RIT Capital Partners and the management of Invicta Leisure on the £140m sale of Invicta Leisure to Duke Street Capital. Duke Street advised by Clifford Chance.

Memery Crystal (Andrew Titmas) has advised Seymour Pierce, the nominated adviser, and Seymour Pierce Ellis, the broker to Owl Technologies, in connection with the merger of Owl with Nature Technology and the admission of the new company to AIM.

Browne Jacobson (Gavin Cummings, Oliver Pritchard) has advised the explosives division of Exchem in the creation of a joint venture with Orica UK. Orica advised by Davies Wallis Foyster.

Herbert Smith (David Paterson) is advising Hammerson on its £192m counter-bid for Grantchester. Grantchester advised by Clifford Chance.

Denton Wilde Sapte (George Sandars, Ian Roberts, Helen Cleaveland) advised MBNA Europe Bank (part of the MBNA Corporation) on its acquisition of Alliance & Leicester's £800m credit card portfolio deal. Alliance & Leicester advised by Freshfields Bruckhaus Deringer.

EuclidSR Partners of New York and Philadelphia acted as lead investor for an international syndicate of venture funds, advised by Weil Gotschal & Manges.