UK corporate law firm Addleshaw Goddard has lost its respected head of private equity Darryl Cooke to rival firm DLA.
Cooke, who was based at Addleshaws’ Manchester office, will make the short trip from 101 Barbirolli Square to Number 100, the next door office where DLA is based.
According to a source, Cooke’s role will be to head up the regional private equity group focusing on Leeds, Liverpool, Manchester, Birmingham, Sheffield, Edinburgh and Glasgow. DLA's London private equity group will continue to be run by partner Peter Wayte.
Cooke was widely regarded as a pivotal figure in Addleshaw's private equity practice where he was head of a 12 partner, 22-lawyer private equity group that turned over an estimated £7 million (€10.5 million; $13 million) last year.
Cooke has written three books on private equity, titled Management Buy-Outs; Venture Capital: Law and Practice; and Due Diligence: A Practical Guide.
Addleshaws’ private equity team acts for a number of private equity houses including London-headquartered ECI Partners, mid-market private equity house Barclays Private Equity (BPE) and pan-European firm 3i. The firm recently advised BPE in the £44 million secondary management buyout of UK-based luggage brand Antler Group from Royal Bank Equity Finance.
DLA is one of the UK’s top ten law firms in terms of annual turnover, with a 20-partner strong private equity group.