Corporate

Private equity – management advisory

Osborne Clarke has a long and illustrious heritage in acting for management teams. Indeed we are one of less than a handful of City law firms that have a specialist team of lawyers who specialise in, and are focused on, supporting management teams with the complexities of a private equity investment.

Our specialist Management Advisory team has many years’ of in-depth direct experience of providing pragmatic and commercially focused advice to senior managers wanting to buy the companies they manage, particularly in relation to employee equity participation whether through rollover/re-investment of sale proceeds, direct investment or via a structured management incentive plan.

Osborne Clarke has been an invaluable partner throughout our journey. The team was impressive and provided us with pragmatic commercial advice and amazing service ethic. We thoroughly enjoyed working with them. – Dennis O’Brien, CEO, Lucid Group Communications

The support provided by the Osborne Clarke team on our transaction with Palatine was excellent and we enjoyed working with them.  We have worked with the same team on a number of transactions and value their judgement.  They have always provided us with clear, sensible and commercial advice throughout. – Graham Hodgson, CEO, Verdant Leisure

Thank you for all your help. Osborne Clarke’s no-nonsense support throughout the project has been exactly what we needed. The swift distillation of the issues cut through the complexities of the deal, and your focus and attention on what was important, were highly valuable – a real testament to the team’s breadth of expertise and experience. – Peter Rowse – CFO, ByBox Holdings Ltd

The Osborne Clarke Team were with us throughout the process – from start to finish. Their in-depth knowledge of the private equity industry and extensive experience of supporting management teams allowed us to differentiate the important issues from the minutiae leading to a, relatively speaking, painless process. We would not hesitate to work with them again or to recommend them to others considering a management buyout – Steve Morris, MD, Morgan Motor Company

It’s been a pleasure working with Osborne Clarke throughout this transaction. Mark [Spinner] has worked hand in hand with us every step of the way providing practical and insightful advice. His knowledge and experience of these types of deals was invaluable and added real value. – Paul Thandi, CEO, NEC Group

As a full service law firm we are able to draw upon the support and skills of our colleagues in other specialist areas bringing pragmatic, knowledgeable and up-to-date market experience to our advice on all key areas of the deal including:-

  • Warranties and Warranty & Indemnity insurance
  • Investment terms
  • Tax structuring and planning
  • Employment agreements and incentives
  • Personal wealth planning

Our dedicated team of management advisory lawyers work side by side with our clients through every aspect of the transaction, from initial discussions, the preparation and agreement of equity terms sheets, selecting your preferred financial sponsor through to deal execution. We will also be there to support you and your team when it comes to exiting your investment.

We regularly work with management teams who are backed by financial sponsors operating in every segment of the private equity sector meaning our knowledge and experience is extensive, relevant and up-to-date.

In 2018 we provided management advisory services to both incumbent and incoming management teams on transactions with an aggregate deal value in excess of £2 billion.

Experience


Morgan Motor Company

Advised the management team of the iconic 110 year old British Sports car manufacturer, Morgan Motor Company, on a majority stake investment by Investindustrial.

Lovehoney Group

Advised the co-founders and senior management team on an investment from European private equity investor Telemos Capital, in which Telemos acquired a majority stake in Lovehoney.

NEC Group

Advised the senior management team of the National Exhibition Centre (NEC) Group on its acquisition by private equity fund Blackstone.

Dennis Publishing

Advised the management team of multi-platform international media group, Dennis Publishing, on its acquisition by Exponent.

Linnaeus Group

Advised the management team of market leading veterinary service provider Linnaeus Group a portfolio company of Sovereign Capital Partners (Sovereign), on its sale to Mars Petcare’s Veterinary Health Group, a part of Mars, Incorporated.

Ortho D Group

Advised the Senior Management team of OrthoD Group on its buyout funded by healthcare specialist Apposite Capital.

Corin Orthopaedics

Advised management on Permira acquisition of Corin.

A-Gas

Advised management on KKR’s acquisition of lifecycle management of speciality gasses and chemical business, A-Gas.

Ascendos Rail Leasing

Advised the UK senior management on the €275 million sale of Ascendos Rail Leasing Sarl, including dealing with W&I and management incentivisation issues.

Group IMD

Advised the management shareholders on the €120 million secondary buyout of Vitruvian owned Group IMD funded by Inflexion Private Equity.

Odeon/UCI Cinemas

Advised the senior management team on the €1.21 billion sale of Terra Firma controlled Odeon/UCI Cinemas to AMC Entertainment.

ByBox Holdings Limited

Advised the senior management team of ByBox Holdings on the £221 million tertiary buyout of ByBox Holdings funded by Francisco Partners.

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