In response to an unprecedented year of pandemic and economic crisis, the Chancellor Rishi Sunak delivered a Budget to offer continued support to the economy and an early view of what he believes the post-pandemic and...more
On 26 February 2021, the Kalifa Review of UK Fintech published its much anticipated report on the state of the UK fintech industry. The report recognizes fintech's current importance to the UK economy and potential material...more
A series of exit megadeals doubled the value recorded in Q3 2019, while global buyout activity lost momentum, growing more modestly in the third quarter.
Global PE activity in Q3 reflected an unpredictable year for...more
FDI restrictions have been on the political agenda in Europe and further afield for at least the past year, and following the outbreak of COVID-19 and the changed economic landscape, the approach in jurisdictions across the...more
7/20/2020
/ Biotechnology ,
Coronavirus/COVID-19 ,
Foreign Acquisitions ,
Foreign Adversaries ,
Foreign Direct Investment ,
Foreign Investment ,
Global Dealmaking ,
Investors ,
Medical Research ,
Mergers ,
National Security ,
Political Parties ,
Reputation Management
Amidst the COVID-19 pandemic, total buyout volume in the first half of 2020 dropped 23% annually, while value fell 30%—less than half the rate of decline of overall M&A.
Private equity buyout activity, especially primary...more
7/16/2020
/ Acquisitions ,
Buyouts ,
Canada ,
Carve Out Provisions ,
China ,
France ,
Germany ,
Global Dealmaking ,
Global Market ,
Mergers ,
Private Equity ,
United Arab Emirates (UAE) ,
United States
New UK regulations offer new opportunities for micromobility sector. The United Kingdom's Department for Transport ("DfT") has announced that new regulations for rental e-scooters will come into force on 4 July 2020. The...more
This alert provides an overview of COVID-19 governmental financial assistance measures available in some of the principal jurisdictions. Our team can cover advice on governmental financial assistance across the globe.
The...more
6/10/2020
/ Banking Sector ,
Competition ,
Coronavirus/COVID-19 ,
Economic Stimulus ,
Financial Assistance Policies ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Lenders ,
Relief Measures ,
Reorganizations
Prior to the outbreak of the COVID-19 pandemic, there had been a growing and global trend of established Western economies increasingly scrutinising foreign investment in key sectors. FDI restrictions have been on the...more
5/29/2020
/ Belt and Road Initiative (BRI) ,
Blocked Mergers ,
China ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
EU ,
Foreign Acquisitions ,
Foreign Direct Investment ,
Foreign Investment ,
Member State ,
Mergers ,
National Security ,
National Security Review Proceedings ,
Non-EU Investors ,
Popular
On 18 May 2020, the UK Government announced the final terms for the Future Fund, the matched funding scheme aimed at the UK's fast growth companies....more
On 20 April 2020, the Chancellor of the Exchequer announced a scheme aimed at providing support to the UK's most innovative and fastest-growing companies. Below we provide an overview of the scheme and highlight some key...more
4/21/2020
/ Co-Investment Rights ,
Coronavirus/COVID-19 ,
Eligibility ,
Federal Funding ,
Federal Grants ,
Innovative Technology ,
Medical Research ,
Passive Investments ,
Privately Held Corporations ,
Research and Development ,
Startups ,
UK
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
1/29/2020
/ Acquisitions ,
Buyouts ,
EU ,
Germany ,
Going-Private Transactions ,
London Stock Exchange ,
Mergers ,
Private Equity ,
Private Equity Funds ,
Private Investment Funds ,
Private Investment in Public Equity (PIPEs) ,
Secondary Buyouts ,
Stock Markets ,
UK ,
UK Brexit
While initially disappointing, the US$108.8 billion in total global PE transaction value in Q3 represents a greater proportion of overall M&A activity than in Q2.
PE value made up 29% of overall M&A value in Q3, compared...more
10/14/2019
/ Acquisitions ,
Chemicals ,
Domestic Dealmaking ,
Electricity ,
Global Dealmaking ,
Industrial Products ,
Infrastructure Financing ,
Latin America ,
Mergers ,
Private Equity ,
Transportation Industry ,
Utilities Sector
After the extension of the March 29 Brexit deadline to October, Western Europe's private equity market staged a frenzied comeback in Q2. Deal volume fell from 510 to 399 deals at the same time that value surged by 88%...more
8/16/2019
/ Acquisitions ,
Capital Markets ,
Debt Financing ,
EBITDA ,
EU ,
Foreign Investment ,
Global Dealmaking ,
Mergers ,
p2p ,
Private Equity ,
Publicly-Traded Companies ,
UK Brexit