Addleshaw Goddard has advised the management team of Sussex-based manufacturer Aspen Pumps on the sale of its business to private equity house 3i in a £105 million transaction with Inflexion Private Equity.

Aspen Pumps designs, manufactures and distributes specialised mini pumps which remove condensate water from air conditioning and refrigeration systems.

The Addleshaw Goddard team was led by partner Andrew Carpenter and assisted by legal director Geoff Yates and managing associate Marc Field, together with tax partner Elaine Gwilt and associate Chris Connors.

Commenting on the deal, Andrew Carpenter said: "Having been involved with the team for some time we are pleased to have played a key role in assisting them in this next phase in their development".

For more on Addleshaw Goddard's private equity team please click here.