A guide on key legal issues facing PE deal makers in the UK

The UK Chapter of The Legal 500: Private Equity Comparative Guide 2023 – authored by private equity transaction partners John Newton and myself, alongside finance partner Alex Robb and tax partner Andrew Howard – considers the key legal issues for PE deal makers doing deals in the UK. 

The chapter is structured as a Q&A and concisely addresses the key legal issues to be considered when doing PE in the UK, as well as highlighting some recent legal updates and trends including: 

• The continued prevalence of secondary transactions and continuation / affiliated fund transactions, in particular where a third party investor takes a significant minority position to set the arm’s length price.
• The introduction of the National Security and Investment Act on 4 January 2022 and how financial sponsors have approached notifications under this regime.
• An overview of the key areas of negotiation between borrowers and lenders including on syndicated financings.
• Some examples of mechanisms, including deferred consideration mechanisms, to help bridge a buyer’s financing gaps.

For the full article, please click here.