DLA Piper has hired one of King & Wood Mallesons SJ Berwin’s top private equity partners, Tim Wright.
Wright is the latest in a string of exits from the firm’s corporate and private equity offering over the past 12 months. Significant losses include that of corporate partner Ed Harris, who counted Terra Firma and Pantheon among his clients, to Hogan Lovells along with senior associate Leanne Moezi (22 October 2013). It is thought that about 11 associates have also left the group over the past year, with a number defecting to US firms.
Wright was the relationship partner for Duke Street at KWMSJB, working alongside Harris on its acquisition of a stake in insurance firm Parabis Group in February 2012 (6 February 2012). More recently, he led advice to the client on the sale of its controlling stake in UK debt purchaser Marlin Financial Group to Cabot Credit Management.
Last year, Wright also took the key role for KWMSJB for European Capital on the sale of its majority stake in UK snack supplier Whitworths to Equistone Partners Europe.
The firm reshuffled the management of its corporate group in late 2013, as former corporate chief Steven Davis stepped down after seven years in the position (11 December 2013).
Corporate partners Michael Goldberg and Richard Lever, who specialise in real estate and private equity respectively, took over the reins at the helm of the practice.
For more on KWMSJB’s private equity practice, see our recent blog.