Wragge & Co's Private Equity team has advised NVM Private Equity Limited (NVM) on its £5.5 million management buy-out of Kirton Group which manufactures and assembles specialist chairs for people with reduced mobility.

Private equity partner Ian Piggin and corporate director Gareth Baker led the deal with solicitor James Bradshaw, supported by a cross-firm team. This included experts in banking and finance, due diligence, property, employment, tax and pensions. They worked closely with NVM's directors David Rolfe and James Arrowsmith.

Ian Piggin said: "During the past 12 months we have advised NVM on a number of transactions. Due to our continued work with the firm we have an in-depth understanding of its commercial objectives. Our significant experience in cross-firm venture capital transactions and expertise in handling complex financial structures ensured we were able to deliver the best outcome for our client."

David Rolfe director at NVM added: "Design, innovation and strong relationships are at the heart of Kirton's business. It is well respected in the healthcare industry and its products continually evolve - allowing it to stay ahead of the market. We have been very impressed with the management team and look forward to working with them to take advantage of the growing demand for their product both at home in the UK and abroad. NVM's legal advisers Wragge & Co has provided clear and comprehensive advice throughout the transaction."

The Wragge & Co team also included banking and finance partner Kirsty Barnes and solicitor Edd Hampson. Graham Spalding advised on due diligence, Caroline Frost on property and Nisha Lad on employment. Crispin Freeman led on pensions and Neil Pearson and Paul Harrington advised on tax issues.

NVM is an independently-owned firm of venture capital managers with more than 25 years' experience of investing in unquoted UK businesses. NVM is a generalist investor, with £220 million of funds under its management. It is focused on investing in UK businesses looking to grow organically, acquire another business or secure a management buy-out and typically invests between £2 million and £10 million. Wragge & Co previously advised NVM on the management buyouts of Volumatic, Intuitive, Tinglobal Holdings, Lineup Systems and Haystack Dryers.

In this latest deal Birketts advised the management team and Mills & Reeve advised the sellers.

Wragge & Co's Private Equity team offers detailed guidance on pre-transaction decisions, financing, structuring and tax issues, and post transaction services. Experienced in advising private equity and venture capital investors on a full range of matters, it combines technical excellence with in-depth market knowledge and a commercial approach.

Highlights include advising CBPE Capital on the sale of Rosemont Pharmaceuticals. Other clients include H2 Equity Partners, ISIS Equity Partners, Mobeus and August Equity Partners.

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