Three national firms have scooped trophy roles on the £160m secondary buy-out of high-profile fashion brand Good Hair Day.

DLA Piper, Eversheds and Hammonds all advised on the deal, which saw buy-out house Montagu back a takeover of the company from Lloyds Development Capital (LDC).

DLA Piper advised regular client Montagu on its acquisition of a stake in the Leeds-based company, which trades as the Jemella Group. Manchester-based corporate partner Neal Shepherd took the lead role alongside Liverpool-based corporate partner Paul Rimmer.

Meanwhile, Eversheds corporate partner Keith Froud acted for LDC.

The deal, which closed last week (14 July), also generated a lucrative role for Hammonds, with the national firm's Manchester arm acting for lending banks Barclays, HSBC and Lloyds TSB, which provided £70m debt facilities.

Hammonds landed the role after also advising Barclays on the debt provision on the original acquisition of the company by LDC just 12 months ago.

Banking partner and newly-installed Manchester chief Jonathan Edwards led the team for Hammonds with support from associates Graham Ball, Kathrine Bancroft and Giles Chesher.

Commenting on the deal, Edwards said: "We already enjoy a strong position in the northwest banking market and it will be a major focus for us going forward."