Secondary transactions


Macfarlanes is one of the very few firms with lawyers who specialise in secondary transactions, together with a significant track record of advising on secondaries. We pull together the expertise of the firm in M&A, investment funds, fund lending and tax structuring to focus on both funds secondaries and direct portfolio secondaries.

Having a specialised team ensures that we are up-to-date with the latest market developments and that our lawyers are entirely familiar with the unique structures needed for secondary transactions.

We regularly act on cross-border secondary transactions and we have the necessary close links with law firms with the relevant experience in Europe, Asia, the United States and all relevant offshore jurisdictions.


  • "What they do with considerable skill is harness multiple disciplines within the firm - the pensions, property, environmental and regulatory teams all float in and out of the projects on a seamless basis."

    Chambers UK 2017

  • "They always provide a terrific service. They are knowledgeable and attentive."

    Chambers UK 2016

  • "'It's the quality of the service, and they're very flexible as well'."

    Chambers UK 2015

  • "Macfarlanes LLP has built up a client list spanning all areas of the industry, from sponsors, to secondaries houses, mezzanine lenders and LPs."

    The UK Legal 500 2013