X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Candover Investments has appointed Philip Price as its first-ever general counsel.

Price joined the UK-listed parent company of private equity house Candover Partners at the end of February from hedge fund group SRM Global, to take up a new role as both general counsel and company secretary.

He has replaced Candover’s former company secretary Andrew Moberly who has resigned, with his post covering Candover’s legal, compliance and company secretarial functions.

Before joining Candover, Price spent two-and-a-half years with hedge fund group SRM, where he was chief executive, and had previously worked as an in-house lawyer at both UBS Investment Bank and Dresdner Kleinwort, having initially trained with McKenna & Co, now CMS Cameron McKenna.

Price’s appointment comes as Candover carries out a restructuring after seeing the value of its investment portfolio plummet.

As previously reported by Legal Week, Ashurst has landed a key mandate advising on the restructuring which could lead to a potential sale or delisting of Candover. Candover confirmed in March that it had received a number of potential offers for the business following press speculation about the declining value of its portfolio.

The buyout house’s decision to appoint its first GC comes after similar moves by other private equity houses to recruit in-house lawyers. Bridgepoint Capital hired former Travers Smith partner Charles Barter as general counsel last year, while HgCapital’s general counsel Alison Hampton joined from Weil Gotshal & Manges earlier that year.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.