Mid-market buyout firm Doughty Hanson has completed the restructuring of its management company, following the death of its co-founder Nigel Doughty in February.

Nigel Doughty's estate has agreed to give voting control of Doughty's holding company to a new UK domiciled Employee Trust. Co-founder Richard Hanson will be the majority shareholder of the trust at its outset, in order to satisfy regulatory concerns about consistency of ownership, with his shareholding diluted as new staff join.