DLA banking partner Peter Crichton advised Barclays Bank Leveraged Finance on its provision of £18m senior and working capital debt funding to pay for the £26m secondary buy-out of European Golf Brands, a company that makes battery-powered golf trolleys. Close Brothers Private Equity exited from the original MBO and fresh funds came from Graphite Capital. SJ Berwin corporate partner Andrew Harris advised Graphite. Berwin Leighton Paisner corporate partner Geraint Lloyd, assisted by corporate associate Benjamin Lee, advised Close Brothers individual shareholders and the management team.
Wragge & Co corporate assistant Jeremy Cunningham led the team to advise the management team in its £10m buy-out of Spaldings – an agricultural machinery company – from its Dutch owners Netagco. Mills & Reeve corporate partner Tom Pickthorn, supported by corporate associate Ben Turner, acted for the vendor. Addleshaw Goddard corporate partner Nicky Higginbottom advised 3i on its provision of equity and mezzanine debt. Browne Jacobson corporate partner Gavin Cummings and corporate assistant Shaun McCabe advised National Westminster Bank, which provided senior debt. Wragges’ Cunningham was supported by corporate assistant John Heaton and corporate partner Andrew Harrison.
