Charlie Barter Joining Bridgepoint

Charlie Barter, partner and former head of private equity at law firm Travers Smith, is to join Bridgepoint Capital in October as the London-based buyout house's general counsel.

Barter joined Travers Smith in 1985, becoming a partner in its corporate department in 1995. In 1996, he co-founded the private equity arm, stepping down in May of this year. Phil Sanderson, a partner in the London office of Travers Smith since 2001, has been running the private equity team since July.

A spokesperson for Bridgepoint said that Barter's appointment and the creation of a general counsel role was a “sign of the times” with private equity becoming “a mainstream asset class in terms of size, scale and complexity”. In addition, said the spokesperson, increased regulation necessitated a more complex role.

Barter is the relationship partner for Bridgepoint, most recently working on February's Gbp 350m buyout of sandwich chain Pret a Manger.

Travers Smith regularly advises Bridgepoint on its deals, including the Gbp 50m buyout of care provider Robinia in 2003; the sale of office supplies business OyezStraker for Gbp 80m in 2004; the Gbp 72m secondary buyout of debt collector 1st Credit from Gresham the same year; the sale of luxury good brand Molton Brown to Japan's Kao for Gbp170m in 2005; the return of a stake in gym chain Virgin Active to Virgin Group for Gbp 156.5m the same year; the Gbp 230m acquisition of pet retailer Pets at Home in 2004 and several refinancings since.

Source: Thomson Merger News