Latham & Watkins, Linklaters and DLA Piper Rudnick Gray Cary have all secured lead roles advising on the £450m buy-out of pan-European car wash business JPMP IMO Holdings, by private equity firm the Carlyle Group.
The transaction is the third time the business has undergone a private equity buy-out, following the management buy-out by Bridge-point Capital in 1998 for £116m, followed by the £350m buy-out by JPMP Holdings from Bridgepoint in January 2004.
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