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Birmingham Post
Birmingham Post
Business
Shelina Begum

Strong pipeline for Pannone Corporate after advising on £200m worth of deals

The corporate team at law firm The corporate team at law firm Pannone is predicting a busy 2020 after advising on deals worth more than £200m in December and January.

The team has advised on several international deals including the disposal of Manchester-based software firm Maginus to US private equity firm Black Dragon Capital in a move that saw it merge with Finish counterpart, Digital Goodie.

Elsewhere, Pannone Corporate acted for international manufacturer Franke on its acquisition of a UK distributor.

Closer to home Pannone Corporate advised locally headquartered gym group, Total Fitness on its strategic acquisition of ProFit, the supplier of personal trainers and Kamani Commercial Property on the acquisition of its new HQ and family office.

The team has also advised on several investments into fast growing technology led firms including advising NVM Private Equity which along with BGF invested into Manchester-based online retailer CurrentBody, taking the total investment to £10m and advised YFM Equity Partners on its £5.6m Series A investment into online financial connections service, Unbiased.

Pannone Corporate partner Tom Hall said: “We had a very busy December which has continued into the New Year. Quality companies, particularly those in the technology sector, continue to attract both UK and international trade buyers and private equity investors.

“The deal pipeline looks strong for the coming months.”

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