Gouldens acted for Delancy Estates on its conditional open offer to raise £20.7m. Corporate partner John Phillips led the team. Slaughter and May, led by corporate partner William Underhill, acted for Warburg Dillon Read as sponsor.

Ashurst Morris Crisp acted for TeCmail, a new management backed company, on its acquisition of CFM City Financial Mailing, a specialist mailing service to the financial sector. Barclays Private Equity managed the funds. Company partner Susan Roy led the team, assisted by Jonathan Haines. Clifford Chance, led by corporate partner Matthew Layton, acted for Barclays Private Equity. David Walker assisted. Barclays Bank, represented by Lovell White Durrant banking and finance partner John Gilbert, provided debt finance.