£95m private equity purchase is child's play for LG
01 August 2007
LG, the business law firm, has advised Swordfish Investments LLP (“Swordfish”) on its £95 million acquisition, together with Dawnay, Day Principal Investments (“Dawnay, Day”), of Asquith Day Nurseries Limited (“Asquith”) from private equity firm Lyceum Capital Ltd.
Asquith is one of the UK’s leading high-quality childcare and pre-school education providers, operating from 113 sites.
Swordfish, the investment vehicle of Amit Bhatia, is a private investment company focused on public and private equity investments, capital management activities and real estate globally. Swordfish has consummated investments in real estate, hospitality and entertainment, telecom and funds management.
Sunil Kakkad, a corporate partner at LG who led the team advising Swordfish said: "Asquith is a strong business with great potential to expand further. We are pleased to have helped Swordfish secure this excellent investment and look forward to the seeing the growth it will bring to Asquith in the coming years."
The LG team advising Swordfish included Mike Lacey, Meera Jansen and Rebecca Gordon. Legal advisers to Dawnay, Day were Olswang and to Lyceum Capital were Clifford Chance LLP. The financial advisers included Rothschild Holding AG for Lyceum Capital Ltd and Deloitte & Touche LLP for Asquith.
Note to editors
- LG is a London-based business law firm with over 270 lawyers, advising international entrepreneurial and growth market clients seeking to raise capital for their business ventures.
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Sunil Kakkad
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