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Professional Services

Wragge Lawrence Graham & Co advises MxP Partners on £80m pubco deal

MxP Partners, an investment firm and a founding shareholder of the business, acquired the North West-based operator of 95 community pubs, from Legal & General Capital in a buyout jointly backed by BlueBay Asset Management

Two Snowhill

Wragge Lawrence Graham & Co has advised MxP Partners on its £80 million private equity buyout of Amber Taverns.

MxP Partners, an investment firm and a founding shareholder of the business, acquired the North West-based operator of 95 community pubs, from Legal & General Capital in a buyout jointly backed by BlueBay Asset Management.

The law firm said it was required to take an “innovative approach” due to the unusual and complex nature of the transaction.

Corporate partner Ian Piggin led the Wragge Lawrence Graham & Co 12-strong multidiscipline team.

It included partners Sharon Ayres (funds), Kirsty Barnes (banking and finance) and Phil Clissitt (real estate) along with directors Penny Sanders (financial services regulation), Jonathan Segal (banking and finance) and Graham Spalding (corporate).

They were joined by  associates Laura Charles (funds), Nicholas Crabtree (corporate) and solicitors James Bradshaw (corporate), Anup Mehta (corporate), Saffron Smith (corporate) and Amy Tabari (real estate).

Mr Piggin said: “This type of private equity transaction is still quite rare, even in today’s market, so it was a particularly exciting deal for us to be able to advise on.

“Being able to draw on the significant knowledge and experience of such a tight-knit team of experts, from across a range of specialisms, was invaluable to securing the best result for our client, especially when it came to the deal specific funding and structuring the investment arrangements between MxP Partners and BlueBay Asset Management.