 Travers Smith Articles Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006. 
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