The news that private equity giant Candover Investments has instructed Clifford Chance (CC) on its latest deal, backing the low-profile £85m management buy-in of pipeline manufacturer Wellstream, has fuelled speculation that CC is being avoided by the client on many of its large transactions.
Candover, one of Europe’s biggest and most active private equity houses, spreads its work to a long list of firms including Ashurst Morris Crisp, Linklaters, Allen & Overy, Travers Smith Braithwaite and Macfarlanes.
