Monday, May 23, 2022

Gateley Legal sees increase in Private Equity driven deals

The corporate team at Gateley Legal has witnessed an uplift of activity around private equity led deals over the last 12 months.

The team advised on 89 private equity transactions in 2020, which equates to one third of all corporate deals completed by the legal and professional services group.

According to Experian Market IQ, Gateley Legal’s corporate, banking and restructuring teams are currently ranked the most active deal advisers in the Midlands, after advising on 43 corporate deals which involved a Midland-based firm for the first nine months of 2020.

Gateley Legal’s headline deals from 2020 included advising fitness apparel brand, GymShark, on all aspects of a minority investment by General Atlantic. The valuation enabled Gymshark to achieve unicorn status; a feat achieved in just eight years. Other deals completed by the Midlands corporate team in 2020 include advising United Tooling Solutions on a trio of acquisitions, advising LDC on their investment in Ross Trustees, advising on the sale of Chase Distillery to Diageo and advising TTC Group on their acquisition of Licence Bureau.

Mark Rutherford, corporate partner at Gateley Legal’s Nottingham office, said: “It’s been an uncertain and turbulent year for many businesses. The legal sector in particular has been tested, but our private equity driven activity has stayed strong throughout the year.

“As we look ahead to 2021, there are encouraging signs that businesses are becoming more confident that they will be able to successfully emerge from the crisis. We continue to work around the clock to help clients navigate these unchartered waters, and look forward with confidence to an increasing active deals market.”

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