Alastair Peet

We analysed the data on our VC deals in the last 2 years to consider what impact the introduction of the updated BVCA documents had on VC deals. This coincided with a big swing in the market which made for some interesting results... take a look to see what we thought. As the most active legal adviser in VC across the UK, we have a rich source of data and its great to be able to put it to use. #venturecapital #shoosmiths #BVCA

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FRP Advisory Trading Limited won the United Kingdom's largest-ever wrongful trading claim and successfully established the first "misfeasance trading" claim against former directors of British Home Stores, highlighting the critical responsibilities of directors managing financially troubled company assets. Read Jones Day's Alert, which discusses the implications of a decision that is likely to have significant practical consequences for any directors of companies facing potential financial distress. https://ow.ly/Uajv50Sjj8b #insolvency #restructuring #bankruptcy

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Great flow chart here (for people who like their content visual) of what a UK venture capital funding round looks like, what documents are involved, and as regards the order of play generally... #VC #venturecapital #HLaw

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In 2024 we have seen a significant increase in UK and overseas listed corporate bidders offering their equity to target company shareholders in UK public M&A deals. Seth Jones, Anthony Bowen and I explore this growing trend and the drivers and advantages of using equity as consideration in public M&A deals, the tactical considerations and the key issues under the UK Takeover Code. Read our full article below: https://lnkd.in/ey_ZAw34 #MergersAndAcquisitions

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There were no great tax surprises in the Autumn Budget - most of the changes had been flagged in advance. What was interesting was the way in which the main tax rises were slightly lower than had been expected. Employers' NICs increasing by 1.2% (as against 2%), tax on fund manager carried interests falling half way between capital gains and income tax rates (as against all the way), capital gains tax rates increasing (but not as much as expected), the tax effects of the withdrawal of "non-dom" status being slightly softener on moving to the UK (compared to the original proposals). The approach seems to have been to threaten doom, gloom and catastrophe in the hope that, when merely doom and gloom materialise people will be left feeling happy that things weren't quite as bad as expected. If you would like to read commentary from various experts on different matters in the Budget, you will hopefully find the article in Fortune interesting.

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What has the ICAEW got to say about PE investment into regulated firms? They also want to discuss this early in the transaction. https://lnkd.in/eKteQhyV

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The #TeamSPB corporate practice in Leeds has put together 35 deals in H1! Take a look at some of the highlights below

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Our latest UK Public M&A Market Update for 2024 provides a snapshot of the current trends, shifts and predictions. Watch our video and request a copy here: https://ow.ly/CCeg50Sws4t #PublicMnA #MarketInsights

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All you need to know about public M&A in the UK this month - latest deal stats, forthcoming Code changes and market trends 📘💡 #mergersandacquisitions https://lnkd.in/eD7ycqWM

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Our new UK Public M&A Market Update for 2024 provides a snapshot of the current trends, shifts and predictions. Read more and request a copy. https://ow.ly/RZrX50RB0mM #PublicMnA #MarketInsights

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The London Cleary PE team is advising long-standing client, Sixth Street, in connection with its acquisition of a majority stake in Lemon Pepper Holdings Limited (“Wingstop UK”), the master franchisee for Wingstop in the UK and Ireland. https://ow.ly/zyUE50UA8MR #MandA

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See below our thoughts on the latest proposed changes to the UK Takeover Panel’s jurisdiction

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25% off the Practical Guide to Shareholder Disputes in Family Businesses, today only! https://lnkd.in/eVg_M8pn And my annual pitch to persuade people that my book is an ideal Xmas present for the litigation lawyer in your life!

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Great insight from Grant Edwards who has analysed our deals data in light of the revised BVCA model documents to show how the market has reacted and what key terms have changed. More insight from real deal data to come! #shoosmiths #venturecapital #team #insight

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Some very helpful developments here - we have given a lot of advice over the years on whether co-invest, staff incentive and carry structures constitute funds for Jersey purposes. The new Jersey Private Fund guide issued by the JFSC makes it clearer that most do not need to be regulated. This can make Jersey structures much cheaper to set up and run than equivalents in jurisdictions that have a concept of 'fund' so broad that all sorts of unlikely things are brought into scope.

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Looking forward to the panel discussion on this important subject.

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