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JMW advise WHP on secondary buyout
29 May 2015
Full service Manchester based law firm JMW Solicitors LLP has advised mobile telecoms specialists WHP, a provider of support services to the mobile telecoms industry, on its secondary buyout by Palatine Private Equity.
Vicky Protano, Senior Associate at JMW led the team (including Sara Bluston and Chris Moss and members of the commercial, employment and commercial property departments) which advised Warrington based WHP on its £38m secondary buyout backed by Manchester based investor Palatine Private Equity from Key Capital Partners (KCP).
The buyout will see Palatine Private Equity invest in WHP which will help with their growth strategy.
Vicky Protano, Senior Associate at JMW commenting on the buyout said:
“We are pleased to have advised the management team at WHP on its secondary buyout by Palatine. We have worked with the team for a number of years now and their ambition together with the focus on growth was demonstrated by the original investors, Key Capital Partners, being able to exit after just two years. The additional investment created by the buyout will enable the team to develop even further within the mobile telecoms sector during what is likely to be a very exciting time for the company.”
Rob Potter, Managing Director at WHP praised JMW’s assistance:
“We have had a good relationship with JMW for a while now and we were keen to have them on board to advise on the secondary investment. Vicky, Sara and Chris were instrumental in pushing the deal through in what was a fairly swift but complex transaction. All of the management team and exiting investors were thoroughly delighted with their commitment and efforts and we look forward to working with them through the next stage of the company’s growth”
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JMW Solicitors LLP is one of the leading Manchester law firms and offers a broad range of legal services to both commercial and private clients. We are committed to providing legal services in a cost effective and timely manner.