Hammonds has scooped a lucrative instruction from Slaughter and May client Abbey, after advising on the £300m sale of its private equity assets.
Corporate partner Simon Sale led the team, assisted by corporate partner Nick Williams and tax partner Tracy Fisher.
The deal is a coup for Hammonds, which only won Abbey as a corporate client in December after winning a beauty parade against 10 rival firms, although it had previously advised on some of the issues relating to the bank’s private equity interests.
The December deal saw the firm’s head of corporate Patrick Somers win an initial pitch to advise the bank on the sale of its factoring business to Bibby Financial Services.
