Private equity partner Ian Piggin led a cross-firm team assisted by associate Jonathan Tilley, tax partners Neil Pearson and Kevin Lowe, banking and finance partner Kirsty Jefferies and director Chris Gayle. Director Graham Spalding provided additional support on transactional matters. They worked alongside NVM investment managers James Arrowsmith and Peter Hodson.

James Arrowsmith said: "Our relationship with Wragge & Co continues further with this deal. It was a structurally complex transaction which was managed successfully to completion by Ian and his team."

Ian Piggin said: "We have strong private equity expertise, with five partners specialising in mid-market transactions. Over recent years we have established ourselves as a trusted advisor for NVM. At the beginning of the year we advised NVM on the successful £16 million recommended offer for Product Support Ltd."

NVM is a firm of venture capital managers with a national network across the UK. It has more than £180 million under management in four venture capital trusts and one private equity investment trust. NVM specialises in making equity investments of between £1 million and £10 million in UK unquoted companies. It backed the buy-out team and provided £5.6 million of the £17.5 million funding. HSBC, advised by Osborne Clarke, provided the remaining funds.

Astbury Marsden is specialist provider of recruitment services to the banking sector in the City of London. It provides candidates for both permanent and contract positions to blue chip clients in the UK, US and major Asian financial centres, including Barclays, UBS, JP Morgan and Lehman Brothers.

Wragge & Co's Private Equity Team is a single pool of experts delivering top-quality legal advice and commercial solutions to mid-market investors in London and nationally. Its clients include many key players in private equity and venture capital including Bridgepoint Capital, Lloyds Development Capital, Aberdeen Asset Managers, Electra Kingsway, Dunedin Capital Partners and Matrix Private Equity Partners.

---

For further information about this press release, contact Kathryn Hobbs on +44 (0)121 213 2397, Alexa Highfield on +44 (0)121 213 2396 or Matthew Purcell on +44 (0)121 213 2360

This press release may contain information of general interest about current legal issues, but does not give legal advice.