Foot Anstey Corporate Team – March update

Our Corporate team has had a very busy few weeks, with the usual pre-Christmas activity seeming to lead without pause into a flurry of pre-Budget completions.  The concern that an increase in capital gains tax rates would have significant implications for private sellers focused everyone's mind towards midnight on 2 March 2021.  And although the feared increase did not materialise, the collective effort produced 11 completions in the two weeks prior to Budget Day; an excellent result for our various clients and an achievement of which we are proud.

Notable transactions:

  • Advising new pan-European Private Equity client Bregal on a strategic UK-based bolt-on acquisition into its Swiss-headquartered business, ATP Adhesive Systems Group GmbH.
  • Advising The Mortgage Lender management team on its acquisition by Shawbrook Bank.  We have advised The Mortgage Lender from its inception.
  • Acting for Gregory Distribution on its acquisition of Pollock (Holdings) Ltd and its subsidiaries Pollock (Scotrans) Ltd and Pollock Express Ltd.  Pollock is a significant addition to the Gregory Group and will enhance Gregory's already strong presence in the Scottish transport and logistics market.
  • Advising Air IT, backed by August Equity, in connection with two strategic bolt-on acquisitions; InfoTech Solutions (UK) Limited and Concise Technologies Limited, two highly-regarded IT managed service providers.
  • Acting for Access UK Limited (backed by TA Associates and HgCapital) on three strategic bolt-on acquisitions. 
  • Acting for TIGL Holdings Limited on its restructuring, refinancing with Santander and BGF, and acquisition of the ThirdSpace group of companies, including the rollover by the ThirdSpace sellers into the TIGL group. 
  • Acting for the key shareholders on the sale of the investment management group, Hawksmoor, to private equity firm Hurst Point Group (a subsidiary of The Carlyle Group).       

Post-Budget, our pipeline of work remains strong and we expect deal volume to continue throughout the year, as the country eases out of lockdown and the newly-unveiled incentives for business investment kick in.  So now that we are all rested, we look forward to playing our part in the UK's green, sustainable post-Covid recovery!

If you'd like to talk to us, please get in touch with one of our team below:

Key Contacts