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Goodwin Procter closes four PE deals in four weeks

Goodwin Procter’s London Private Equity Group continues to grow its footprint in the market, having acted on four diverse transactions announced over the past four weeks.

Richard Lever, private equity partner who joined in June to spearhead the growth of the firm’s practice in Europe, said, “We are pleased to have acted on four very diverse transactions, which highlight the breadth and depth of our private equity offering.”
 
Most recently, the team advised Better Capital, a turnaround specialist, on the sale of Santia Holdings Ltd, a leading UK provider of integrated health & safety and environment risk management services, to Alcumus Holdings for GBP47 million. Goodwin also advised Better Capital and individual members of Santia’s management team in connection with this transaction, which closed on 2 December.
 
The team was led by Richard Lever and included Gemma Roberts, Ximena Negretti, Stanislav Shishkin and Rachel Thomas (Corporate); Ben Eaton and Katie Leah (Tax); Paul Lyons, Simon Fulbrook and Toby Young (Finance); Catriona Berman and Charlie Robinson (Real Estate).
 
Goodwin Procter also advised the CEO of Aero Technics Aviation Limited in relation to Graphite Capital’s provision of development capital to the civil aircraft maintenance company to fund its acquisition of Airbase Interiors, which specialises in the repair and dry cleaning of aircraft seats. The deal was announced on November 30th.
 
The team was led by Richard Lever and included Michael Miranda and Kristina Wahidullah (Corporate), Ben Eaton and Katie Leah (Tax), Simon Woodcock and Ben Chatzkelson (Real Estate).
 
A Goodwin Procter team also acted for Growth equity investment firm, JMI Equity, on its GBP32 million investment into UK-headquartered software company, Avecto Limited, which closed on 24 November. The series A financing will support the continued expansion of Avecto, a market leader in the endpoint security sector.
 
The team comprised Richard Lever, Brian McPeake, Michael Miranda and Stanislav Shishkin (Corporate), Ben Eaton and Katie Leah (Tax) and Joel Lehrer (IP).
 
Goodwin Procter also advised DST Global on its investment into Roofoods Ltd, trading as Deliveroo, as part of the company’s recent financing round.  DST led the investment with participation from Greenoaks Capital and existing investors. Founded in London in 2013, Deliveroo provides a delivery service for leading restaurants as well as an online marketplace for customers to order meals. The company plans to use proceeds from the financing to continue its international expansion. 
 
The transaction team included Jamie Hutchinson, Richard Lever, Jenny Tzakas, Gemma Roberts, Ximena Negretti and Aaron Klein (Corporate); and Bill Weiss, Ben Eaton and Katie Leah (Tax).
 
The London team also recently advised TA Associates on its announced agreement to acquire Russell Investments from the London Stock Exchange Group plc and advised Reverence Capital Partners on its significant minority investment in Russell Investments. The transaction, valued at USUSD1.15 billion, is subject to regulatory approval and is expected to close in the first half of 2016.

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