Public and Private M&A tax

Overview

We have considerable expertise in all tax aspects of corporate transactions, from cross-border public takeovers to private company acquisitions and joint ventures. We play a central role in the planning and implementation of these transactions.

We have been involved in many high profile public takeovers. We strive to ensure that the acquisition structure meets our client's commercial objectives and when acting for the bidder we also ensure that the structure facilitates any post-closing reorganisation objectives our client may have.

We can also play a key role in private acquisitions, for example in determining the type of assets to be acquired, the purchaser's acquisition structure and appropriate acquisition financing. We help our clients to focus on the key tax issues and the potential tax costs involved.

Contractual protection is important to limit a buyer's exposure to historic and unexpected tax risks of the target group; producing and negotiating appropriate documentation is central to our implementation work in this area.

We also have expertise in the structuring and implementation of "public to private" transactions. The tax profile of the transaction for existing shareholders and holding structure considerations are often critical.

We recognise that our clients do not stop needing tax advice once the deal has completed. We have expertise in post-completion structuring for sellers and buyers, whether it involves the winding up of historic holding company structures or post-completion reorganisations to rationalise the corporate and debt structure, and deal with any transfer pricing issues.

We regularly advise our clients on the establishment, running and winding up of joint ventures, whether they are in corporate form or involve partnership or contractual arrangements.

Much of our work on corporate transactions is international. We work together with leading independent local advisers to provide our clients with a seamless service across the relevant jurisdictions.

Recognition

  • "The team offers clients the benefit of substantial expertise in M&A, reorganisations, property transactions, and the tax implications of investment fund and private equity transactions."

    Chambers UK 2014

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