Latham & Watkins, Clifford Chance (CC) and CMS Cameron McKenna have advised on the $565m (£283m) management buy-out of Capital Safety Group from Electra Private Equity.

Candover backed the Capital Safety management in the buy-out from Electra. Latham London corporate partner Graeme Sloan took the lead advising Candover, while CC corporate partner David Pearson and private equity partner Simon Tinkler advised Electra. Camerons corporate head Andrew Sheach advised the management.

Milton Keynes-based Capital Safety is the world's leading designer and manufacturer of safety equipment for working at heights, producing harnesses, lifelines and anchors. In 1998 Electra invested £30.3m in the £98.3m management buy-out of the group.

The management team will also be reinvesting in the new structure.

Candover also recently invested in Spanish theme park operator Parques Reunidos for E900m (£592m) and luxury yacht manufacturer Ferretti in a deal thought to be worth more than E1.5bn (£987m). CC advised Candover on both transactions.

However, on this transaction CC advised Electra. In the past the firm has advised Electra on the £107m sale of pub operator Tom Cobleigh and the £165m sale of newsagent and convenience store operator TM Group.