Private Equity - Tax
The private equity sector has been a significant force in the UK economy over many years now. We have long experience acting both for institutional investors and for management teams. This covers in particular the investment process from initial investment and acquisition of the target business including public to private transactions, subsequent fund raising and/or restructuring, through to ultimate exit (whether in the form of an IPO or a sale to a trade or financial buyer, including secondary buy-outs).
We also advise on all tax aspects of debt restructuring including debt waivers, debt for equity swaps and own debt purchases.
Often a key part of any restructuring package will be the re-incentivisation of management. We have significant experience of advising companies on adopting targeted incentive plans in these situations.
Recent experience:
- Advising the shareholders of Stewart Group (including CBPE) on the sale of minerals sector consultancy Stewart Group to Australian commercial services provider Campbell Brokers for £146 million
- Advising HSBC Private Equity (UK) on the management buyout of Viking Moorings, a market leader in the offshore oil and gas moorings industry
- Advising the management team on the £220 million buy-out of Dreams plc
- Advising the management team of Open International Limited on the £276 million sale of the company by Montagu Private Equity to Torregate Partnerships Limited
- Advising the AA management shareholders on the tax implications of the merger with SAGA, the combined entity valued at £6.15 billion
- Providing tax advice to the management shareholders on the sale of General Healthcare to a Netcare/Apax consortium for £2.2 billion
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