Travers Smith Braithwaite has advised the shareholders of Molton Brown on the £73m sale of the luxury cosmetics group to Bridgepoint Capital, bringing the combined value of management buy-out (MBO) deals, handled by the firm’s respected private equity team in the last couple of months, to more than £400m.
The Travers Smith team on the Molton Brown deal was led by corporate partner Charles Barter, with support from tax partner Victoria Nicholl and corporate assistant Paul Dolman.
Other major deals Travers Smith has handled in recent months include acting for the management teams in the £255m MBO of chicken and turkey breeder Aviagen and the £35m MBO of high-tech homecare provider Clinovia. The firm won the Clinovia work after a recommendation from venture capital house West Private Equity.
