Macfarlanes has completed a deal for high-profile television company Hat Trick Productions, in a transaction that makes the company’s founders instant multi-millionaires.

The firm advised Hat Trick, owned by former stand-up comedian Jimmy Mulville and his ex-wife Denise O’Donoghue on the sale of 45% of their business to private equity fund Kleinwort Capital for £23m. They retain a 55% share and will continue to run the company.