Dibbs beats CC in KPMG MBO survey

Dibb Lupton Alsop has topped the latest management buy-out survey from KPMG.

In the latest edition of the quarterly Management Buy-Out Commentary, KPMG places the national firm ahead of both Clifford Chance and the legal section of venture capital company 3i.

The survey gives a running total for management buy-outs and buy-ins (MBOs/

MBIs) carried out since the beginning of the decade. So far Dibb Lupton Alsop has handled 188.

In 78 of these cases, the firm acted as adviser to the debt leader in the deal.

Clifford Chance took second place in the survey with 142 deals, acting for the equity leader in 97 of them.

In third place came Ashurst Morris Crisp, which handled 121 deals – acting as adviser to the equity leader in almost two-thirds.

Lovell White Durrant and 3i Legal also featured in the survey, coming fourth and fifth respectively.

Only deals with a total funding of over u10m were included in the survey, resulting in a total of 2,481 MBO/MBIs being recorded up to the year ending 31 December 1998.