Macfarlanes has advised US private equity firm Wellspring Capital Management LLC (“Wellspring”) on its acquisition of Swift Worldwide Resources (“Swift”), from Gresham Private Equity. The transaction saw Swift’s management team invest alongside Wellspring.

Swift is the premier provider of contract engineers and other skilled personnel to the global oil and gas industry and currently has over 3,000 contractors in active placements across 23 offices in 35 countries.

The Macfarlanes team was led by corporate and M&A partner John Dodsworth advising on the UK aspect of the transaction and worked alongside Paul, Weiss, Rifkind, Wharton & Garrison LLP who advised on the US aspect.

The team also comprised corporate and M&A senior solicitor Lisa Chan and partner Damien Crossley and solicitor Peter Abbott advising on tax matters.