Allen & Overy (A&O) partner Derek Baird has won his first instruction for investment house Advent International since his arrival from Lovells earlier this year.

Baird is leading the A&O team advising Advent on the £137m sale of financial public relations company Financial Dynamics to US consulting group FTI Consulting.

Advent has a close relationship with Baird's fellow ex-Lovells partner Marco Compagnoni, who joined Weil Gotshal & Manges earlier this year. However, Baird landed the role after having advised Advent on its purchase of Financial Dynamics in 2003.