The Private Equity team at Wragge Lawrence Graham & Co (WLG) has advised LDC, the UK's leading regional mid-market private equity house, on its buy-out of Aqualisa for an undisclosed price.

Premium UK-based shower brand Aqualisa is the market leader in digital showers - one of the fastest growing categories in the bathroom products market. Partnering with LDC will allow Aqualisa to drive further growth through innovation and new product development.

WLG advised LDC on its investment, the terms of the deal, and on the negotiation of new bank facilities with HSBC for the support on the MBO of Aqualisa.

Partner Jeremy Millington led the WLG team, which included corporate director Chris Towle and associate Laura Dick. Principal associate Navin Prabhakar, senior associate Alasdair McKenzie and associate Stephanie Brigham, all of the Banking team, also advised.

The LDC team was led by LDC Director Andy Lyndon and Investment Director Ben Snow.

Ben Snow said: "The team at WLG have provided us with legal support on a number of investments and realisations over the years. Their practical and commercial advice always helps us to capitalise on opportunities by closing out deals efficiently and on time."

Jeremy Millington added: "We're thrilled to have advised longstanding client LDC on a further buy-out; Aqualisa is another Great British success story, with a market leading brand. LDC has pledged to invest £1.2 billion of equity into Britain's mid-market businesses over the next three years, and we look forward to supporting them on future opportunities."

WLG's Private Equity team is experienced in advising private equity and venture capital investors on a full range of matters on the life cycle of an investment. It combines technical excellence with in-depth market knowledge and a commercial approach.

Other recent transactions for LDC include the £42 million management buy-out of Eley Group, the £22 million investment in leading lifestyle brand Joules, the investment to support the management buy-out of Forest Holidays and the sale of LDC's stake in Kee Safety in a £90 million deal.

HSBC was advised by Gateley and CMS Cameron McKenna advised Aqualisa's management team.