Key legal issues for UK private equity dealmakers to consider in 2021 can be found in the UK chapter of The Legal 500: Private Equity Country Comparative Guide 2021, authored by myself alongside finance partner Alex Robb, tax partner Andrew Howard and private equity transactions counsel Shona Ha.
The guide addresses the fundamental legal areas of PE deals in the UK, as well as commenting on upcoming legal changes and recent trends, including:
- The new UK foreign investment rules (the National Security and Investment Bill) that increase the UK Government’s powers to intervene in M&A on the grounds of national security.
- Key negotiation points for borrowers seeking to deal with the fallout from the COVID-19 pandemic.
- Office of Tax Simplification recommendations in relation to CGT.
For full details please click here.
In spite of the challenges created by the COVID-19 pandemic and the countdown to Brexit, the UK PE market has remained active. According to figures released by Experian, PE deals accounted for 27% of all UK deals during Q1 to Q3 of 2020 up from 20% over the same period in 2019. PE sponsors have also turned their attention inward to existing portfolio companies during the COVID-19 crisis, including focusing on short term liquidity needs of portfolio companies and executing bolt-on acquisitions.