Dentons is pleased to announce that it has acted for the Management Team of Marlin Financial Group (Marlin) on its secondary buyout for £295 million which completed on 10 February 2014.
Marlin was backed by private equity house Duke Street which sold its stake to Cabot Credit Management (Cabot), which is backed by JCFlowers and Encore Group.
Nicholas Plant, partner and head of Dentons’ private equity practice in the UK and Africa, said: “We are delighted to have acted for the management team on what was a very competitive auction and a fantastic deal for them.”
This is the latest in a number of high profile private equity buyouts on which Dentons has advised over the last 12 months, including for: Bridgepoint (Dr Gerrard); Hilco (HMV); and KSL Capital Partners (Hotel du Vin and Malmaison).
The Dentons team was led by Nicholas Plant and included tax partner Alex Thomas and employment partner Michael Bronstein. King & Wood Mallesons acted for Duke Street Capital and Macfarlanes acted for Cabot, JCFlowers and Encore.
