Lovells rebuilds private equity with White & Case raid

Lovells has raided White & Case as the City firm attempts to rebuild its private equity practice following the departure of star partner Marco Compagnoni and his team earlier this year.

Partner Alan Greenough is set to join Lovells in the autumn to succeed Compagnoni as the head of the firm’s private equity practice.

Partners at Lovells are understood to be voting on the appointment during the course of this week following Greenough’s decision to accept an offer today (17 July).

Greenough, who joined White & Case in January 2004 to build up the New York-based firm’s local private equity and M&A capability has historically acted for key Lovells client 3i as well as ABN Amro Capital and Barclays Private Equity.

Lovells has been searching for a star private equity partner since Compagnoni and fellow private equity partner Jonathan Wood quit Lovells to join the London office of Weil Gotshal & Manges earlier this year.

Their departure came hot on the heels of the resignation of Derek Baird who left the firm the join Allen & Overy and Oliver Felsenstein’s move to join Clifford Chance in Frankfurt.

Greenough joined White & Case from legacy firm Pinsent Curtis in 2004 where he headed up the private equity team and was London managing partner prior to the firm’s merger with Biddle & Co in 2001.

White & Case’s London senior partner Peter Finlay said the firm’s “plans for the growth of our UK private equity capabilities remain ambitious”, with several lateral hires planned later this year.

Greenough was unavailable for comment.