Morgan Cole acted for Sand Aire Private Equity, the sole investor in a £5m management buy-out of TIS Software from computer solutions group Misys. Morgan Cole also acted for the newly-incorporated company. Struan Penwarden led the team. Daljit Singh and Elizabeth Channer of Hammond Suddards advised the management. Allen & Overy advised the vendor, led by corporate partners Kerry Spooner and Gillian Holgate. Osborne Clarke’s Omar Al-Nuaimi advised financiers Lloyds Bank Acquisition Finance.
Lovell White Durrant acted for the Government, which awarded the Deutsche Bank and Nationwide consortium the second tender to sell student loan debt to the private sector. Banking partner Emily Reid led the team. A portfolio of student loans will be sold for £1bn to Honours Trustees, formed for the purpose of acquiring the assets. Freshfields’ finance partner Lucienne Bleasdale advised the consortium.
