International legal practice Osborne Clarke has advised the senior management team of Leisure Pass Group on its secondary management buyout (“MBO”) by Exponent Private Equity, which invests in UK-headquartered businesses with enterprise values between £75m and £350m.
Leisure Pass Group is an award-winning sightseeing and tourism technology specialist, which develops and manages city passes in some of the world’s top destinations. The exiting private equity backer of the group was Primary Capital.
The Osborne Clarke team that advised on the transaction was led by Head of the firm’s Business Transactions Group Partner Greg Leyshon, who was assisted by Associate Director Mark Saunders, Associate Louise Stuart-Buddery and Senior Associate Emma Ladley.
The transaction is the latest in a line of high-profile deals for Osborne Clarke’s private equity management advisory practice, which recently acted for the management team of Odeon & UCI Cinemas Group in relation to its sale to AMC Theatres.
The management team were also advised by Simon Davies and Clive Hatchard of Spectrum Corporate Finance. Exponent Private Equity was advised by Macfarlanes LLP while Primary Capital was advised by Cooley (UK) LLP.