Cains advises Bridgepoint on the management buyout of Appleby Fiduciary & Administration business

Cains has advised Bridgepoint on the primary management buyout of the Appleby Fiduciary & Administration Business from the Appleby Group for an undisclosed sum.

The investment was made by Bridgepoint’s €4 billion Bridgepoint Europe V buyout fund. Completion of the transaction is subject to certain conditions, including regulatory and legal approvals.

The Cains team, which worked closely with Travers Smith LLP (as lead counsel for Bridgepoint), included Mike Pinson (corporate/regulatory), Tristan Head (corporate/regulatory) and Katherine Sheerin (employment).