Addleshaw Goddard has recently advised the shareholders of CloserStill Group Limited (Phoenix Equity Partners, NVM Private Equity and Management) on its sale to Inflexion Private Equity. The team also advised Management on the terms of their reinvestment in the company.
CloserStill is the UK’s fastest growing international media and exhibitions business.
The Addleshaw Goddard team was led by Head of Corporate and Private Equity Partner Yunus Seedat and Private Equity Partner Nathan Pearce, supported by Legal Director Geoff Yates, Tax partner Elaine Gwilt and Employment Incentives partner Michael Carter.
Jones Day LLP acted for Inflexion.
Commenting on the transaction, Yunus Seedat said: "This is a significant deal for the market and we're delighted to be supporting the shareholders and management, having acted initially for Phoenix in relation to their investment in the group in 2012."
The transaction comes shortly after the Addleshaw Goddard team 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. The Addleshaw Goddard team on that deal was led by private equity 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.