Clifford Chance (CC) has closed Electra European Fund’s £107m disposal of Tom Cobleigh Holdings to Spirit Group Holdings, taking the value of its pub M&A work for the past 12 months to £2.5bn.

The deal was led by CC corporate partner David Pearson, who advised the private equity house on the disposal of the 78% stake in Tom Cobleigh that it acquired two years ago for £52m.