(Reuters) – U.S. regulation agency Milbank mentioned in a Tuesday assertion that it’ll add a nearly-30-lawyer personal fairness crew in London from Scottish company agency Dickson Minto early subsequent yr.
The group departing Edinburgh, Scotland-founded Dickson Minto is “one of many longest-established personal fairness groups in London” and advises fund managers, personal fairness retailers and companies, Milbank mentioned.
New York-founded Milbank already has a big London presence, with greater than 140 attorneys, in line with its web site. Dickson Minto’s London workplace is becoming a member of Milbank and consists of seven companions and about 20 associates, along with enterprise professionals, a Milbank spokesperson mentioned.
“It’s a logical subsequent step after our enlargement within the PE house within the U.S., Germany and Asia,” Norbert Rieger, international head of Milbank’s company group, mentioned in a press release.
Dickson Minto says on its web site that the agency is comprised of “specialists” in company transactions and sophisticated business work.
Co-founder Alastair Dickson didn’t instantly touch upon what persevering with presence the agency would have in London.
The London-based personal fairness crew becoming a member of Milbank is led by accomplice Jordan Simpson and was initially began by Dickson, in line with Milbank.
Dickson mentioned in a press release accompanying Milbank’s that he’s “very happy” the London personal fairness observe will be part of the U.S. agency.
“The transfer will profit our longstanding shoppers who will proceed to obtain the identical excessive stage of service from the identical individuals however now mixed with Milbank’s M&A and personal fairness observe in different jurisdictions in addition to with the added benefit of its international experience in a complete host of adjoining observe areas,” Dickson mentioned.
He famous there’ll “proceed to be an in depth working relationship” between the Dickson Minto crew in Edinburgh and the departing London group.
Dickson mentioned within the assertion he’ll work with Milbank to “assist guarantee a seamless transition.”
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