News & Analysis as of

United Kingdom Buyouts

Proskauer Rose LLP

The Case for Accountancy: Why Private Equity Investors Are Targeting the Sector

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Accountancy has become one of the most attractive areas for private equity investment, with numerous recent high-profile deals making headlines. Several key business fundamentals make accountancy practices appealing to PE...more

White & Case LLP

Carve-outs: A valuable tool for European firms

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Strategic carve-outs continue to present a strong business case, as companies shed non-core assets and position themselves for growth - Carve-outs remain a popular route to growth, with many European businesses...more

White & Case LLP

Getting the deal done: How is European PE securing debt in a tight market?

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European PE dealmaking declined in 2022—down 38 per cent year-on-year, according to Mergermarket—as macro-economic uncertainty intensified, valuations became increasingly volatile, and financing tightened. Under the...more

White & Case LLP

Buoyant capital markets help fuel dealmaking

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Most of 2021 was characterized by free-flowing capital, as government aid propped up economies in response to COVID-19. Low interest rates and other central bank stimulus measures contributed to an environment that helped see...more

White & Case LLP

European M&A reaches post-crisis high

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M&A activity in Western Europe surged in Q3 on the back of strong PE interest and low UK stock prices - Dealmaking in Western Europe reached a post-crisis record in the third quarter of the year as dealmaker confidence...more

McDermott Will & Schulte

What’s New and What’s Next in UK Private Equity

After the COVID-19 slowdown in 2020, the United Kingdom has been one of the most active buyout markets in Europe, with a 60% rise in buyouts in 2021 compared to 2020. This increase in activity has been driven in part by a...more

White & Case LLP

Western European PE activity dips in 2019, but total buyout value remains high

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PE activity in Western Europe may have dipped in 2019 but this is not the full picture. Buyout activity remains impressive, although exits subsided as PE funds focused on purchases instead of sales. Western Europe had a...more

White & Case LLP

2019 Half-year in review: M&A legal and market developments

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We set out in the attached Newsletter a number of interesting English court decisions and market developments which have taken place in the second half of 2019 and their impact on M&A transactions. This review looks at these...more

Latham & Watkins LLP

Will the Increase in Cross-Channel Deals Require an Anglo-French Approach to Management Equity?

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As management terms converge, deal teams must still navigate cross-border differences in ratchets, put and call options, and management warranties. French and UK private equity firms are increasingly looking across the...more

Hogan Lovells

Is it time for a review of your transfer pricing arrangements? The potential impact of the HMRC Profit Diversion Compliance...

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The UK tax authority, HMRC, recently announced the introduction of a new Profit Diversion Compliance Facility, which is aimed at tackling the avoidance of tax by diverting profits outside the UK without proper economic...more

Morrison & Foerster LLP

Control over UK Authorised Persons: What to Consider as an Acquirer

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There is an obligation when acquiring or increasing “control” over a UK authorised person, e.g. an investment firm, a credit institution, a fund manager or a payment services provider, to notify and obtain prior approval from...more

Latham & Watkins LLP

Pensions Hazard for PE Buyers on Carve-Out Deals

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Corporate carve-outs have become increasingly popular in recent years, as buyout firms scour the market for primary deals. In an environment in which the UK Pensions Regulator (the Regulator) is becoming more active, in our...more

Latham & Watkins LLP

Early Partial Exits Pose Opportunities and Challenges for Private Equity

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The exit environment recently ranked as the second greatest challenge facing global PE fund managers, according to Preqin’s H1 2017 Outlook report. As buyout firms weigh an uncertain exit outlook, they are increasingly...more

Latham & Watkins LLP

Buyout Firms Must Take Action to Respond to Global Cyber Threats

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Cybercrime has become a critical issue for buyout firms as hackers are increasingly targeting sensitive business data to profit from insider knowledge. According to a Private Funds Management survey of 91 PE houses, 54% of PE...more

Latham & Watkins LLP

Pension Fund Health-Check Required

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The recent furore over the collapse of high street retailer BHS has caused fierce debate over whether companies, or their ultimate owners, are responsible for the upkeep of a pension plan. For private equity, the debate has...more

Latham & Watkins LLP

Tough Exams for Investments in the Education Sector

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The growth of private spending on education presents an opportunity for private equity. While public spending on education in the OECD as a proportion of gross domestic product decreased slightly between 2003 and 2012, the...more

Robins Kaplan LLP

Your daily dose of financial news The Brief – 4.11.16

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The UK’s Daily Mail is reportedly joining Verizon in the field of suitors for Yahoo’s assets – WSJ - It’s no surprise when mega mergers attract the government’s attention, as we’ve seen in past weeks around here. But...more

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