White & Case LLP has advised administrators Zolfo Cooper in the £62m sale of the property manager, Peverel Group to a special purpose vehicle, backed by Chamonix Private Equity and Electra Partners.
The complex transaction involved structural and regulatory elements and the team comprised lawyers from across FRI, corporate, property, tax and employment.
"We are pleased to have supported Zolfo Cooper in this complex deal, which required the support of a multi-disciplined team," said Christian Pilkington, a partner in White & Case’s Banking Practice. "Bringing together experienced lawyers, from across our FRI, banking and corporate practices, to conclude a successful and timely sale of the Peverel Group, reflects the value we are able to provide to our clients across a full range of legal fields."
Ashley Ballard, a partner in the Firm's Corporate Practice, said: "This high profile sale required a full M&A transactional and specialist team and emphasises the strength and depth of our UK capabilities."
The team from White & Case was led by partners Ashley Ballard and Christian Pilkington and supported by partners David Cox and Stephen Ravenscroft, counsel Jeremy Reynolds and associates Marcus Booth, Victoria Landsbert, Scott Morrison, Anthony Vasey, Tamara Kilner, Stefan Mrozinski, Chris Beaumont-McQuillan, Helen Mulligan and Natalia Kozlova, all based in London.
Peverel, one of the UK's largest property management companies with more than 190,000 properties under management, was placed into administration in March 2011.
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