Sanderson, who has been a partner at Travers since 2001, will take over from Barter as head of the group on 1 July.
Sanderson has been involved in a number of Travers’ largest private equity deals in recent times, including 3i’s sale last year of car parking group NCP for £790m to
Barter co-founded Traver’s private equity group in 1996 and is the relationship partner for a number of major clients, including mid-market buy-out house Bridgepoint Capital. He will continue to do fee earning work at the firm and is also to take on a wider management and marketing role.
Barter commented: “I have thoroughly enjoyed the last five years heading up the group but am now keen to pass on the challenge to Phil.”
Travers’ nine-partner private equity team is one of the most active groups of the firm, advising on £20bn worth of deals in the last 12 months. It is regarded as having consistently punched above its weight over the last few years, boasting a client roster that also includes Exponent Private Equity, Phoenix Equity Partners,