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25 August 2015

Outcome-based contracts - Adding value to the contract life-cycle

By Chris McFall There is growing evidence that an outcome-based contract has substantial impact on the results achieved in a contract life cycle. Outcome-based contracts are results based, focusing on the outputs, quality or outcomes. They typically tie at least a portion of a contractor’s payment, contract extensions or contract...

18 August 2015

European banks dispose of unwanted loan portfolios at record rate

By Richard Thompson Our latest European Market Update for Q2 2015 shows that European banks are disposing of their unwanted loan portfolios at a record rate. During the first half of this year, transactions have been completed for portfolios with a face value of around €55 billion, an increase of...

11 August 2015

How much are your subsidiaries costing you?

By Emma Cray The recent changes to the Companies Act are a real incentive for Finance Directors to consider reducing the number of corporate entities they have in their group to simplify their corporate structure and save their group money. This is because from 1 July 2015 all companies have...

06 August 2015

Webcast: Volatile and depressed oil prices – what’s the future for oil field services companies?

By Robert Turner and Fiona Giles During 2015 we’ve seen a marked increase in restructuring activity in the oil and gas sector as a consequence of depressed and volatile oil prices. To date, much of this activity has been focused on the exploration and production sector. But, as highlighted in...

05 August 2015

Cryptocurrency – the next hotbed for deal activity?

By Fergus Lemon Cryptocurrencies have a fascinating history. They have become increasingly well-known since the release of the Bitcoin whitepaper in 2009 and can challenge you to question your understanding of value and how we transfer it between each other. The question here is whether cryptocurrencies provide a better means...

31 July 2015

UK trends in private equity

By Philip Hines As part of the introduction to my new role as head of UK private equity (PE), I recently sat down with Victoria Robson of Private Equity International to discuss some of the key trends driving activity across new funds, deals and exits in PE. It’s certainly an...

27 July 2015

The Italian NPL market – on the runway and now cleared for take-off!

By Richard Thompson The Italian non-performing loan (NPL) market is one of the largest potential markets with around €194bn of gross NPLs and over €330bn of gross impaired loans (as of May 2015). The registered gross NPL ratio of Italian banks has shifted from 2.8% at the end of 2007...

The inevitable rise of financing costs

By Simon Hampton After a long period of low interest rates the US and, last week, the UK have flagged interest rate rises. I have talked in previous blogs (Rational Exuberance and When spending your money is the challenge) about the UK real estate market sensitivity to interest rates rises....

21 July 2015

The IPO Journey – Preparation, Preparation, Preparation

By Mark Hughes The key to a successful initial public offering (IPO) is preparation - it’s an important decision to make to go public and it’s a transformational journey for the management team and the company. It’s not a decision to be taken lightly and the sooner you can start...

20 July 2015

What is in store for European IPOs in the second half of 2015?

By Mark Hughes After my successful blog post in January, the crystal ball returns! Q2 2015 was a strong quarter for European initial public offerings (IPOs) yet activity was not as buoyant as that experienced in 2014. IPOs raised €14.7bn in Q2 2015 and €31.1bn year-to-date, down 34% on Q2...

17 July 2015

How changes to the National Living Wage might affect your deal…

By Sally Dixon The summer budget on Wednesday 8 July brought with it a number of changes affecting employers. One big promise has the potential to significantly affect workforce trends and costs with a knock on effect on deal pricing through quality of earnings adjustments. The key points to note...

15 July 2015

The Effective Contract Management Model: “ECoM”

By Chris McFall In my last blog I explored how public sector bodies apply significant effort in the procurement phase of large complex contracts but tend not to extend this approach to the service phase even though more money is spent here and the risk of losing value is higher....

14 July 2015

Summer Budget 2015: considerations for restructuring

By Jay Marwa and Manoj Luhar On 8 July 2015, George Osborne, the Chancellor of the Exchequer, delivered his summer budget - the first budget of the new Conservative government following the general election and the second budget for 2015. He highlighted the UK's strong economic growth, but stressed the...

23 June 2015

Webinar: Why are early stage assets becoming more popular?

By Romil Radia and Katrina Hallpike With increasingly buoyant public markets in the UK, we are seeing increased interest and deal activity for early stage investments. Institutional investors are looking to early stage investments as a means of generating potential return in a low interest, high multiple environment. The last...

15 June 2015

5 top tips for realising corporate ambitions in the Middle East

By Matthew Alabaster The Middle East has enormous opportunities for global businesses wanting to tap in to the potential the region has on offer. But opportunities come with challenges and we’ve talked to some clients about their experiences of doing business and living in the Middle East. These discussions are...