AA has announced plans for a buy-in management buyout (BIMBO) to acquire the bulk of the company from shareholder Acromas, in conjunction with its intention to float with a £1.4bn market cap.
UCL Technology Fund closed on £50m in January 2016 and is now fully deployed
All five lawyers have joined from Clifford Chance and will focus on mandates for private equity firms
Deal is part of a buy-and-build strategy pursued by the GP to strengthen Italcanditi's market position
Tavola already owns Frische und Service's Swiss market peer Ceposa, which it acquired in 2018