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Ian Piggin

Partner
Ian Piggin

I am a private equity partner advising mid-market private equity investors and venture investors on acquisitions, investments, portfolio matters and divestments. I also act for directors and corporates whose funders include private equity and venture investors.

Tel: +44 (0)20 7864 9502
Email: ian_piggin@wragge.com

Services: Corporate
Business sectors: Life Sciences

Best brains in...

Mid-market private equity and venture investment, portfolio matters and divestment work. I am a member of the ICAEW's corporate finance faculty technical committee and regularly present and write about matters of interest to private equity and venture investors.

What is the highlight of your career so far?

Advising a particular company on various investment rounds (which together exceed £45 million raised) involved in the development of novel oncology therapeutic candidates. It continues to be very rewarding to be involved with this venture.

Most challenging job you have ever done?

This would probably be our instruction to act for 3i on the £160 million secondary buy-out of Hayley Conference Centres Limited. Although commercial negotiation of the transaction took place over several months, for various reasons, the legal process was compressed into a very short period indeed. We overcame significant legal, tax and practical obstacles to ensure the transaction completed as required.

What about outside the UK?

Although the majority of our mid-market transactions are almost exclusively UK based, a lot of our venture work is international. For example, in a recent life science investment matter, we acted for a syndicate of eight investors, with members of that syndicate in Australia, Japan, Denmark and the US.

What is your top tip for great client service?

Be passionate about your clients and their transactions. Availability, quality advice and rapid deal execution then become second nature.

When have you ever given a client a real competitive edge?

All our clients operate in a competitive environment. Many of our mid-market private equity investors are successful in creating investment opportunities, in part, because of their commitment to complete the transaction within a fairly short time scale. We focus on excellent deal execution, supporting our clients' commitment to the transaction delivery. Enabling a client to complete a transaction within only a couple of weeks really helps that investor secure further investment opportunities. We also try to generate introductions and opportunities for our clients whenever and wherever possible.

What is your single greatest contribution to Wragge & Co's corporate responsibility?

In addition to acting for life science and med-tech investors and companies whose purpose is to create novel therapeutic solutions to proven clinical need, I have been involved in several (possibly foolish) sporting endeavours. These include running the London Marathon and cycling to Barcelona (not during the same year!). Quite apart from the cramp and blisters, this has raised over £10,000 for various charities.

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Press releases

24.06.09

Wragge & Co advises Chroma Therapeutics on billion dollar deal double

Wragge & Co LLP's cross-firm life sciences practice has advised biotechnology company Chroma Therapeutics Limited on two simultaneous transactions completed in one day.

26.06.08

Wragge & Co advises on £30 million sale

Wragge & Co LLP Private Equity team has advised the shareholders of Product Support Holdings Limited (PSHL), including NVM Private Equity, on the £30 million sale of PSHL to Wincanton.

14.04.08

Wragge & Co Private Equity team advises NVM on telecomms MBO

Wragge & Co LLP Private Equity team has advised NVM Private Equity Limited (NVM) on its £5 million investment in the management buy-out of Optilan Ltd. Additional bank funding was provided by Allied Irish Bank and GE Capital.

02.04.08

Wragge & Co's Life Sciences practice grows

Wragge & Co LLP has boosted its Life Sciences practice with the appointment of Dr Luke Kempton as a partner. With significant expertise in life sciences litigation, Luke will be a major force in driving forward the life sciences practice.

17.10.07

Wragge & Co completes £46.5 million Protocol Skills MBO for Close Brothers

Wragge & Co LLP's Private Equity Team has completed a £46.5 million management buyout of Protocol Skills for Close Brothers Private Equity (CBPE).

19.09.07

Wragge & Co advises Octopus on a £12 million acquisition deal

Wragge & Co LLP's Private Equity Team has advised Octopus Investments on a £12 million acquisition of restaurant group Smollenskys and the Pastiche Bistros and Le Frog Bistros brands.

24.07.07

Wragge & Co advises NVM Private Equity on £17.5 million buyout of Astbury Marsden

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.

26.01.07

Wragge & Co advises NVM on defence MBO

Wragge & Co LLP Private Equity Team has advised NVM and newco on the £16 million recommended offer for Product Support Ltd.
 

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