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Management Buy-Out
Lambert Smith Hampton, which has offices in Cardiff and Swansea, has exchanged contracts for a Management Buy-Out (MBO) from parent company Atkins to take the business private. The MBO, led by Mark Rigby and supported by Bank of Scotland Corporate, sees LSH return to private ownership.
The management has agreed to purchase LSH, held as a wholly
owned, non-core investment subsidiary by Atkins, for £46.5m. Contracts have been exchanged.
Associate
Andrew Garvey has joined the commercial property team at Clarkslegal as an associate in the Cardiff office. Andrew joined from Morgan LaRoche.