The deal, valued at £65m, will see Sovereign Capital Partners take Murgitroyd Group PLC private and back the management team, led by CEO Edward Murgitroyd, to support the continued development of the Group and deliver greater global presence through a strategy of Buy & Build.
Murgitroyd is a leading European provider of IP services. The Group delivers patent and trade mark legal advice together with a breadth of IP support services to meet the IP needs of its international client base.
Established in 1975 and headquartered in Glasgow, Murgitroyd operates from a network of offices in countries including the UK, US, Germany, France, Ireland, Finland, Switzerland and Central America, and employs a team of over 300. The business offers a rare proposition in the IP market by providing an integrated attorney led offering and associated IP support services capability.
As well as backing Murgitroyd to develop its global presence through Buy & Build, Sovereign will also be supporting the business to further develop its tech-enabled platform and support service offerings.
The DWF team advising Sovereign Capital Partners comprised Corporate Partners Alasdair Outhwaite and Lisa Stavropoulos, Corporate solicitor Ciara Healy and Tax partner James Cashman, with Director Emma Forrester and Solicitor Sarah Cunningham providing support in respect of the scheme of arrangement in the Scottish Courts.
Alasdair Outhwaite, Corporate Partner at DWF, commented "We are delighted to act on another successful investment for Sovereign, this time the take private of Murgitroyd Group PLC. We're seeing more and more of private equity backed Public to Private transactions in the market and it's great to be able to demonstrate our private equity and capital markets experience on the same transaction."