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White & Case bags another deal for Bridgepoint on Zenith buy

White & Case, Squire Patton Boggs and Weil, Gotshal & Manges all played key roles in private equity group Bridgepoint’s £750m buyout of vehicle business Zenith from HgCapital.

White & Case’s head global private equity Ian Bagshaw led Bridgepoint on the deal, with Squires partner Jonathan Jones leading for Zenith. Weil corporate partner Jonathan Wood represented HgCapital alongside Simon Saitowitz, Jamie Holdoway and banking partner Reena Gogna.

Zenith is the largest independent vehicle leasing and fleet management business in the UK, and supplies cars for companies such as Greene King, Asda and Santander.

Bagshaw (pictured) said: ‘The complex Zenith acquisition happened swiftly and its success demonstrates the way in which our clients benefit from the strength and in-depth capabilities of our deal teams, and also our increasingly prominent role advising on market leading deals.’

White & Case has now advised Bridgepoint twice in January, with a combined deal value of approximately $2bn. Earlier in the month, Bagshaw advised Bridgepoint and Stockholm-based Nordic Cinema Group Holding AB on the $929m sale of Nordic to AMC theatres.

Weil also took key roles as Advent International and Bain Capital Private Equity agreed to purchase German firm Concardis for $745m.

In November 2016, Bagshaw led White & Case as the firm represented Bupa as part of a deal that saw Bridgepoint sell Oasis Dental Care to the healthcare and insurance provider. While working for Linklaters, Bagshaw also represented Bridgepoint in January 2012 during the PE firm’s acquisition of wealth management business Quilter.