Tax is a key element of almost all commercial transactions, whether domestic or international. It can also be extremely complicated. High quality, bespoke tax advice can add real value. A lack of early attention to tax issues can create real cost.
We provide high quality, tailored advice, guiding our clients through the maze of tax rules to ensure they avoid the pitfalls and structure transactions as efficiently as possible.
We advise on the full spectrum of the corporate tax market, including cross-border tax; corporate mergers, acquisitions and disposals; venture capital funding; joint ventures; restructurings and reorganisations; and structured financing, particularly in the media sphere.
Our practice is truly international and we regularly advise on cross-border tax.
We have been ranked in Legal 500 UK 2014 for Corporate Tax and our ‘tax team stands out thanks to its excellent industry knowledge, practical experience and technical expertise'.
Notable deals / highlights
Advised long standing client BBC Worldwide Limited and the shareholders of Ragdoll Limited on the sale of their joint venture Ragdoll Worldwide Limited to Canadian entertainment group DHX Media. Ragdoll Worldwide was established as a joint venture in 2006 between BBC Worldwide, BBC’s commercial arm, and Ragdoll Limited. The deal transfers to DHX Media twelve series, including The Adventures of Abney & Teal, Dipdap and Brum, in addition to 365 episodes of Teletubbies, 52 episodes of Teletubbies Everywhere and 100 episodes of In the Night Garden.
Assisted the majority sellers on the auction sale of the entire issued share capital of Xbridge Limited, trading as Simply Business, on a management buyout supported by AnaCap Financial Partners. There was a pre-sale hive-out of a non-core business and the exercise of share options immediately prior to completion. There were over 50 selling shareholders on completion. The deal used a "locked box" pricing structure, due to the deal being priced by reference to a balance sheet preceding the completion date, and provided for differential deferred payment models.
Acted for JSC KazMunaiGas Exploration Production on the sale of 49% of shares in KS EP Investments BV to MOL Hungarian Oil and Gas PLC and the creation of an oil and gas exploration joint venture in Kazakhstan.
Advised Deutsche Börse Market Data + Services on its acquisition of enterprise software firm Impendium Systems. The acquisition was completed in January 2014 for an amount in the single digit million euro range. The deal represents an important step in Deutsche Börse’s growth strategy of integrating technology and data offerings.
Advised a US-based publisher on the tax aspects of a multi-jurisdictional group reorganisation, providing UK tax advice and co-ordinating a raft of foreign advisers on the effective implementation of the reorganisation across the client's corporate group.
Advised CUI Global, Inc (NASDAQ) a platform company dedicated to the acquisition, development, and commercialisation of new, innovative technologies, on its £7.5 million fundraising from European investors.
Assisted construction support services business Lakehouse in a string of recent acquisitions: K&T Heating Services in October 2011, Allied Protection, a fire detection and alarm systems provider, in November 2012 and Foster Property Maintenance in October 2013.