Addleshaws bags hedge fund manager MBO role

Addleshaw Goddardhas advised on the management buyout (MBO) of a fund of hedge fund managers.

Addleshaws corporate partner Tim Bee advised management group Atlas Capital Associates (Acal) along with Cayman firm Maples & Calder.

The group bought out Atlas Capital Group Holding, which was advised by Swiss firm Lenz & Staehelin and Luxembourg’s Elvinger Hoss & Prussen.

The Maples & Calder team was led by corporate parter Paul Govier. Partner Mark Barmes led the team for Lenz, while corporate partners Toinon Hoss and André Hoffmann led the Elvinger team.

Acal now owns Atlas Capital, the London-based institutional advisory company; Sigma Asset Management, a Guernsey-based fund of hedge funds management company; and Deltec Bank & Trust, the Nassau-based bank for wealthy individuals.

Addleshaws has a longstanding relationship with Atlas Capital. Bee said: “The MBO was particularly complicated due to the need to coordinate the contemporaneous sale of some group assets to third parties in several jurisdictions.”The Addleshaws MBO team was headed by Hugues Lamotte, founder of the group, chief executive Patrick Stevenson, chief operating officer Patrick Murray and head of group development Hervé Javice.