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Investor Directors in the Hot Seat as Enforcement Risk Grows

Greater focus on strong corporate governance and transparency is placing company directors in the UK and elsewhere under growing scrutiny and increased risk of individual civil and criminal liability. As new case law and...more

PE on Red Alert for Greenwashing in Light of UK Developments

PE firms face growing regulatory and litigation risks from greenwashing claims as they navigate a fragmented anti-greenwashing landscape. Amid concerns of exaggerated or misleading sustainability claims, the UK Financial...more

Worker Windfalls Bring Benefits for PE

Sponsors are likely to explore share-based schemes and other plans to incentivise non-managerial staff. Incentivising management with sweet equity and co-investment opportunities is a tried and tested strategy for buyout...more

Direct Lending Goes Large

PE deal teams can increasingly access direct lending for large, cross-border buyouts but regulatory and structuring challenges across jurisdictions remain. Direct lending has long been a feature of the debt market, and...more

Bridging the Gap Between Infrastructure and PE Requires a Fresh Approach to Deal Terms

PE firms seeking to attract a broader range of bidders to portfolio company sales should assess the changing needs of infra-investors. As the boundaries of what constitutes “infrastructure” assets have blurred in recent...more

Six Sanctions Questions for PE to Scrutinise

The key issues PE deal teams are facing amidst rapidly changing global sanctions and guidance. Russia’s recent invasion of Ukraine has created new headwinds for PE firms, as a matrix of sanctions and export controls pose...more

The Reproductive Sector - Fertile Ground for PE Deals

The fertility sector is likely to present growing opportunities for PE as an emerging, multifaceted industry. The global fertility sector, which has grown significantly in recent years as demand continues to soar, is...more

Pension Consolidator Vehicles - A New Solution for PE

Pension consolidators are emerging as an effective solution to manage defined benefit pension plan risk. As inflation soars and market uncertainty creates additional volatility for UK defined benefit pension (DB) plans,...more

Rising Regulation of Fintech Innovation - Implications for PE Investments

Assertive regulators are bringing greater clarity and new challenges as they step up oversight of fintech innovation. As the fast-growing fintech industry thrives, the sector has begun to attract greater regulatory...more

PE Goes to Hollywood

The film, television, and digital content production industries are ripe for PE investment, thanks to shifting revenue structures and European quotas. The extraordinary growth of entertainment streaming platforms over...more

Why Music Deals Sound Attractive to PE

PE investors may like the sound of music deals but complex issues remain. Music deals, particularly the acquisition of rights to songs and recordings by popular music artists, continue to be attractive investments for...more

Exploring IPOs with Dual Class Shares - Emerging Possibilities for PE

Dual class share structures could help lure Europe’s best founder-driven businesses to the London market, but challenges remain. Listing of dual class share structures, which give certain owners (usually founders, employees,...more

Pandemic Underlines Whistleblowing Risks for PE

In a changing social landscape, PE firms should conduct corporate culture due diligence while also ensuring the implementation of robust complaints procedures. As global businesses react to the pandemic and social movements,...more

PE Goes Gaming

Despite certain regulatory and challenges, PE buyers will likely see more investment opportunities in the gaming industry. The global gaming market reached a valuation of US$135.8 billion in 2020, accounting for a staggering...more

Securing a Successful SPAC Sale - What PE Firms Need to Know

The recent rise to prominence of SPACs provides private equity portfolio companies an alternative method for stock exchange listing and access to the capital markets. Special purpose acquisition companies (SPACs) have...more

Scrutinising Supply Chains - New Tools for PE

Sponsors should consider leveraging technologies and diligence practices to tackle today’s increasingly complex supply chains. Global supply chains have come under significant pressure in recent years, compounded by the...more

The Rise of Growth Equity - Connecting PE and VC

As private equity targets emerging companies, PE investors are expanding VC deal terms and dynamics. Emerging companies have historically been backed by venture capital funds, but as Europe’s startup scene matures,...more

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

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

Big-Ticket Fines and Veil-Piercing Cases Raise Portfolio Company Liability Risks for PE Parents

How can private equity firms identify and mitigate inherited liability risk from vulnerable portfolio companies? Ongoing big ticket regulatory fines coupled with high profile corporate veil cases indicate that private...more

4 Key Reasons Why European P2P Deals Fail – and How Private Equity Deal Teams Can Avoid Them

Adherence to secrecy, pre-announcement preparations, realistic expectations-setting, and strategic plans for taking control are keys to P2P deal success. The deal market has seen a resurgence in public to private (P2P)...more

2019 Is Different From 2008: 4 European Restructuring Developments for Private Equity Firms to Consider

Persisting political and economic uncertainty means awareness of market changes remains crucial. The 2008 distress cycle triggered defaults and restructurings for European PE portfolio companies, as maintenance covenant...more

Cornerstone Investments: A Foundation for Private Equity-Sponsored IPO Exits

Cornerstone investments can assist a firm’s overall exit objective, particularly when there are bidders for a portfolio company but no outright buyer. Cornerstone investments, which involve taking a stake in an...more

Is Artificial Intelligence Set to Transform Private Equity Dealmaking?

With the explosion of AI applications, private equity houses and their portfolio companies must understand where key opportunities lie. Artificial intelligence (AI) developments provide increasing opportunities for...more

Litigation Funding: Private Equity Investment Opportunity and Portfolio Risk Management Tool

Litigation funding, the third-party financing of legal costs in disputes, is increasingly common in the UK. As litigants have become comfortable with sophisticated litigation funders, these funders are responding to business...more

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