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15 September 2014

The last private equity value creation lever: digital advantage

By Carlo Gagliardi Last week I led a meeting with the operating partners at a global private equity firm. The firm in question is a market leader whose portfolio spans industries and geographies, ranging from high-growth businesses to mature ones. In many ways, this firm represents the epitome of what...

11 September 2014

Review of deals activity in the North East UK H1 2014

By Paul Mankin In recent years activity in the mergers and acquisitions (M&A) market in the North East has tended to lag behind that reported both globally and nationally. This certainly seems to be the case so far this year. Global deal values for the first half of 2014 reported...

The Exit Factor: Pension pitfalls

By Neil Sutton I want to talk about pensions. Wait. Don’t run away or reach for the remote control. Pensions have made or broken many a deal and, with the introduction of auto-enrolment, are about to become even more significant for some. For anyone with an eye on an exit,...

10 September 2014

How to get the best value for your company during sale and purchase agreement (SPA) negotiations

By David Boniface If you’re looking to sell your business (or a part of it), you’ll want to make sure that you get the best deal. Here’s how to maximise the value of a deal during sale and purchase agreement (SPA) negotiations. The value that can be won and lost...

27 August 2014

East or West? Where should automotive suppliers look for investors?

By Cara Haffey After several years in reverse, 2014 has shown the first increase in deals targeting automotive suppliers since 2011. The first half of 2014 showed a notable acceleration in deal volumes and, by the time we reach the chequered flag of the year end, we anticipate that deal...

20 August 2014

Protecting your family business

By Karen Dukes There are plenty of businesses in the UK, many family owned, that rely on a significant proportion of their turnover from one or two key clients. Some business leaders may question the wisdom of this; I know many who set KPIs to limit the risk of having...

19 August 2014

What impact will AQRs have on the European portfolio market?

By Richard Thompson In my last update I pondered whether the ECB’s asset quality reviews (AQRs) will go far enough. The AQR results are now being finalised and local regulators are sharing their findings with the ECB. These results won’t be announced publicly until late October but our work on...

15 August 2014

Global capital project & infrastructure spend set to double by 2025

By Neil Broadhead and Richard Abadie Will the UK match the doubling of capital project & infrastructure spend by 2025? New analysis of global capital project and infrastructure (CP&I) spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012. This significant...

14 August 2014

Have you considered the VAT element of your deal?

By Seamus Devenney One of HMRC's current areas of focus is the recovery of VAT on professional fees relating to corporate restructuring, re-financing or other types of deals and transactions. HMRC has recently been successful in Airtours Holidays Transport Limited concerning the deductibility of VAT on professional fees invoiced to,...

07 August 2014

EU Sanctions - Are you ready to address the new round of sanctions imposed by the EU/UK and US?

By David Whitehouse and Ben Luddington Do you have on-going contracts with a sanctioned entity or investments in a sanctioned bank? Are you concerned about your ability to receive payments for past services rendered in either Ukraine or Russia? The swift pace at which EU sanctions have escalated in response...

05 August 2014

Monitoring risks in a changing world

By Fran Marwood and Andrew Jenkins Continuous monitoring of a retailer’s risks against online information sources can pre-empt exposure and maximise opportunities (as featured in The Retailer). In 2013, the Rana Plaza building in Bangladesh collapsed in an accident which killed over 1,100 people, even though cracks in the structure...

How sell your SME…or buy another

By Brian Henderson So you want to sell your business? If it’s successful and profitable, you’re probably already on the radar of key players in the market. You may even have been approached with offers of support from corporate finance houses or interest from other companies and investors who may...

04 August 2014

Taking your business into new overseas markets

By Jamie Hepburn: There are many growth opportunities in emerging markets but there are also plenty of pitfalls.

22 July 2014

Increasing appetite for performing loans: Mid-year report and update on non-core loan transactions

By Richard Thompson In my last update I stated that portfolios with a face value of €30bn had been completed or were very close to completion and there were a further €35bn in progress which were putting my original forecast of €80bn (up over a third on 2013) in jeopardy....

The freedom of the corporate venture capitalist…

By Mark Muth Corporate Venture Capitalists engage in a wide range of activities, from spinning out or creating businesses using their parent companies’ assets, to investing in other companies in order to access innovative technology, products or business models for the parent company. In the early life of a Corporate...