England - London • Corporate and commercial

Stephenson Harwood

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‘Highly responsive, knowledgeable and professional’, Stephenson Harwood‘s transactional capabilities cover multi-million-dollar buyouts and investment deals, working with a number of portfolio companies and growth-oriented sponsors. The team is headed up by Jonathan Pittal, a ’highly valued and trusted adviser’ whose workload comprises both sponsor-side and management side work.  Drawing high praise from clients, the ‘fantastic’ Malcolm MacDougall is a key contact a range of mid-market PE houses, who turn to him for assistance with buyouts and other strategic acquisitions with cross-border dimensions. ’Commercial, effective and responsive‘, Adam Crossley is an active partner specialising in PE and growth capital transactions, while Richard Coleman is especially noted for his tech, healthcare, and decarbonisation sector work.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Malcolm MacDougall is a fantastic partner. He is extremely active across deals and has been integral in the transformation of the firm's PE corporate offering over the last few years into one of the go-to lawyers in the space. He's brought together a strong team of associates and is well liked as a leader internally, as well as hugely respected as a lawyer externally - which is in line with his character and capability respectively.'

  • 'Isaac Paine is definitely a stand-out of the associates. Extremely knowledgeable, with an outstanding way of explaining options both internally and in negotiations.’
  • ‘Malcolm MacDougall is exceptional in the way in which he engages with clients and with counterparties. His experience, his intellect, his energy and his positive demeanour give everyone involved in a corporate transaction process confidence in achieving good outcomes efficiently.’

  • ‘Adam Crossley is very commercial, effective and responsive. Is able to educate in a pleasant and clear manner.’

  • 'Chris Manning has significant transaction experience and gives well informed and well judged advice, again, always with a focus on excellent service levels. He is a pleasure to work with and a very capable lawyer and we hope will stay in the UK buyout market for many more years to come.’
  • ‘The team are highly responsive, knowledgeable and professional. They have acted for us on both buy side and sell side engagements and always provide excellent advice.’

  • ‘Jonathan Pittal is excellent: he has a wealth of experience, he quickly gets to grips with complexity, he offers solutions, and is definitely a highly valued and trusted adviser.

  • 'Emily Davies is an absolute star: commercial, clear, thorough, and very pleasant to deal with.’

Key clients

  • Bowmark Capital
  • Elysian Capital
  • BGF
  • FPE Capital
  • Apposite Capital
  • Rockpool Investments
  • BlueGem Capital Partners
  • Morgan Stanley
  • Inspired Education Group
  • Five Arrows
  • ESO Capital
  • Macquarie
  • Standard Life Aberdeen
  • Schroders
  • Bestport Private Equity
  • Pelican Capital
  • STAR Capital
  • Civica Group
  • Agathos Management LLP
  • bd-capital
  • Coniston Capital Management
  • Blandford Capital
  • HST Marine
  • Protium Green Solutions
  • PSG Equity
  • TruArc Partners

Work highlights

  • Advised Inspired Education Group on Stonepeak's €1 billion investment in the company.
  • Advised Bowmark on a number of transactions, including the sale of Leaders Romans Group to Platinum Equity, LLC, and the disposal of and re-investment into Pirum Systems.
  • Advised Elysian Capital LLP on its buy-out of Fastway Couriers.

Lawyers

Leading individuals

Malcolm MacDougall

Malcolm MacDougall

Stephenson Harwood

Malcolm is a corporate lawyer specialising in private equity transactions ranging from acting for private equity houses in the mid-market and lower mid-market, to acting for management teams on large cap PE deals. Malcolm’s experience covers all aspects of private equity deals, including MBOs, MBIs, bolt-on acquisitions, investments and exits. Malcolm specialises in private equity transactions acting for PE houses such as Elysian Capital and FPE Capital, as well as growth capital providers such as BGF, investee companies such as Civica (an investee company of Partners Group) and management teams such as the management team of Optimum Credit on the sale to KKR backed, Pepper Money. He has acted on transactions such as Elysian Capital’s acquisitions of Key Travel and Aspirations Care, FPE Capital’s investments in Kallik, The NAV People and IWSR and the sale of Small World to Equistone.  He has acted for the Civica Group on 20 bolt-on acquisitions and has acted for management teams on large cap transactions such as the sale of Almatis by Dubai International Capital (DIC) and the sale of EMP by Actis. Malcolm featured in The Lawyer Hot 100 2019 and was the most prolific M&A lawyer in the UK in 2018 and 2020 (mergermarket).

Practice head

The lawyer(s) leading their teams.

Jonathan Pittal

Other key lawyers

Malcolm MacDougal, Adam Crossley, Richard Coleman, Isaac Paine, Emily Davies