Hammonds' private equity practice has appointed two new specialist partners. Tim Hewens and Nick Watson have both been promoted internally to the partnership. Hewens, based in the London office of the law firm, has significant experience in acting for both private equity houses and management teams on investments and exits. He joined Hammonds in June 2001. His recent transaction highlights include advising Aberdeen Asset Managers Private Equity on its £19m MBO of Purac (now Enpure), acting for LDC on its £27m investment in Commercial First, and advising management on the £13.5m BIMBO of Fisher Outdoor Leisure by ISIS Equity Partners.
Deal is Recover's 23rd acquisition since it was established six years ago, and the third since being acquired by EQT
Gimv formed the climate control business in 2016 by merging Itho Daalderop and Klimaatgarant
Corporate venture arm Shell Ventures leads the round for the IoT energy systems software platform
GP invests in the company via Wisequity V, which closed on its €260m hard-cap in July 2019