Sanderson promoted at Travers Smith

Philip Sanderson, a partner at the UK-based law firm Travers Smith since 2001, has been promoted to head of private equity. Sanderson will take on the role from the beginning of July, replacing Charles Barter, who co-founded the group in 1996. Barter will continue to focus on the private equity practice along with a wider management and marketing role.

The private equity team has advised on more than 60 deals, valued in excess of £20bn, in the past 15 months, including Bridgepoint’s disposal of engineering group Concentric, Barclays Private Equity’s sale of luxury shoe retailer Kurt Geiger and Primary Capital’s exit from food chain Yo! Sushi!

In 2008, Travers Smith advised Langholm Capital on its sale of cereal brands business Dorset Cereals to Wellness Foods, and Bridgepoint on its £345m purchase of Pret a Manger and the aborted sale of Pets at Home. Sanderson’s most high-profile deal was 3i’s £790m sale of British parking group NCP to Australian bank Macquarie in March 2007.

Ivan Heywood to head up LGV

LGV Capital, the private equity arm of Legal & General Investment Management, has appointed Ivan Heywood as its new chief executive.

Heywood has been at the UK-based firm since 1990, when he joined from PricewaterhouseCoopers. Adrian Johnson announced early this year that he was to step down as chief executive after 20 years at the firm.

It is believe Heywood beat off competition from fellow LGV managing directors Michael Mowlem, Michael O’Donnell and Bill Priestley.

“I am delighted at this opportunity. We have an outstanding team, which is well placed to take advantage of the attractive market conditions for private equity investing which we expect to have over the next few years,” Heywood said.