Ashurst Morris Crisp corporate finance partners Paul Gadd and David Kershaw advised the senior management of retail warehousing investor Grantchester Holdings on its acquisition by Dundonald Holdings, a newly incorporated company owned by the management team as well as TBH Investments and Uberior Investments. Granchester was advised by Clifford Chance, led by corporate partner Mark Poultan. Dundonald was advised by KLegal, led by corporate partner Ian Binnie, who also advised TBH Investments. Lovells banking partner Matthew Cottis led the team advising Uberior Investments. Lovells also advised Bank of Scotland on a £130m acquisition facility. Ashursts advised Dundonald in relation to the facility.
Clifford Chance corporate partner Simon Tinkler has advised Duke Street Capital on its £55m leveraged buy-out of Thornbury Nursing Services and The Scottish Nursing Guild, both advised by Veale Wasbrough chairman Derek Bellew. Barclays Bank, advised by Ashurst Morris Crisp corporate partner Mark Vicars, provided the senior debt to the transaction. The deal is subject to regulatory approval.
