New private equity head at Travers Smith

Charles Barter has succeeded Chris Hale as head of private equity at London-based law firm Travers Smith Braithwaite, following the latter’s move to head up the corporate group last year.

Following Chris Hale’s move to head of the corporate department at law firm Travers Smith Braithwaite (TSB) last year, he has been succeeded in the position of head of private equity by Charles Barter.

Until last summer, Hale was head of both the private equity and corporate finance activities at the firm, but then became head of corporate to oversee the entire corporate department: which also includes the firm’s M&A and corporate advisory functions.

The appointment of Barter follows that of Spencer Summerfield, who became the firm’s head of corporate finance last summer. Barter was a co-founder of the firm’s private equity group in 1996, and was initially assistant to Hale, who was the only partner in the group at the time.

Barter’s clients include Bridgepoint Capital and Phoenix Equity Partners. Transactions he advised on last year included Inmarsat Ventures (£882 million; €1.3 billion; $1.6 billion); Aviagen International (£255 million); Molton Brown (£73 million); and Medeus Pharma (£72 million).

Hale said the appointments of Summerfield and Barter were designed to reduce the “administrative burden” associated with having to head up both roles. Having joined TSB in 1983, Hale became a partner in 1987 and has become a recognised specialist in UK and international buyouts, particularly public-to-privates.