Our market-leading practice acts for founders, companies and investors (including private wealth vehicles, venture funds and banks) at every stage of a company’s development.
This practice is international in character – many of our clients are not based in the UK - and goes right through to trade exit or IPO, and beyond.
Deal structuring is a key part of what we do. Not only does this include heads of terms and definitive documents that are needed to carry out the investment, but also specialist tax advice.
Our daily diet includes:
- convertible loans, KISS and SAFE
- subscription agreements
- shareholders' agreements and investment agreements
- articles of association
- ancillaries (including intellectual property and employment)
We have robust market knowledge and strong industry relationships which we use as reference points for targeted advice and referrals.
The Future Fund: can it be both a success and a failure?29 May 2020
The UK Government opened its Future Fund for applications on 20 May. It is widely reported that on the first day applications for its matched funding exceeded £500m. These applications are to be processed and, if successful, funds are to be released within 21 days. This all sounds impressive, but there are siren voices. Why is that?
Lewis Silkin advises longstanding client Walker Books on its sale to Trustbridge Global Media13 May 2020
Lewis Silkin has advised longstanding client Walker Books on the sale of the group to Trustbridge Global Media.
Financial support for SMEs: the Bounce Back Loan Scheme (BBLS)04 May 2020
100% Government-backed loans of up to £50,000 for small and medium businesses
Her Majesty’s Government enters the VC market24 April 2020
The UK Government is now to become the latest VC to provide finance to start-ups, but what are the terms of this support? Is this finance likely to be useful or are those terms overly punitive? Will this impact on the terms available from existing investors? We analyse this below.
What is a convertible loan note? Future Fund scheme explained: Timothy Leeson writes for Growth Business21 April 2020
The government's £500m Future Fund offers up to £5m to growth companies through convertible growth notes. In this article for Growth Business, Timothy Leeson explains the pros and cons of convertible loan notes.
Government announces new £250m ‘Future Fund’ to support start-ups and growth companies20 April 2020
Details were published today, 20 April 2020, of the Government’s plan to make investments in growth companies hit by the coronavirus and the drastic reduction in venture capital investment.
Convertible loan notes and/or advance subscription agreements as a source of emergency funding: FAQs07 April 2020
Convertible loan notes and advance subscription agreements are typically used as alternatives to equity fundraising by growth companies or more established businesses looking for short term financing to get them to their next equity round (so-called “bridge financing”)
Expansion of HMRC’s “Time to Pay” Arrangements during the Covid-19 Outbreak27 March 2020
Due to the immediate and stark effect that the Covid-19 outbreak is having on a lot of businesses, the Government has reminded everyone that it often reaches arrangements with businesses in financial distress for deferred payment of their tax liabilities. While this facility is not new, the Government expects the demands on the service to increase dramatically and is therefore scaling up its capacity to deal with new enquiries.