Growth, Venture & Private Equity
From first steps, through early, venture and growth capital and private equity investment, we regularly provide counsel to founders, companies and investors (including private wealth vehicles, 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 (including Entrepreneurs' Relief, EIS and SEIS) and other advice.
We tailor our guidance to deliver practical advice with the flexibility that high-growth companies and their principals and investors require. To this end we have robust market knowledge and strong industry relationships which we use as reference points for targeted advice and referrals.
Penalty appeal kicked into touch - Nosworthy v Instinctif Partners Ltd24 April 2019
A court has recently upheld the actions of an employer (IP) which enforced bad leaver provisions contained in its articles of association (Articles). Those provisions required a resigning employee (N) to transfer her shares for minimal consideration and forfeit her loan notes.
Can restrictive covenants survive a TUPE transfer or are they TUPE’doed?24 April 2019
“To be, or not to be: that is the question.” Many will know these to be Hamlet’s words early in the eponymous play. TUPE or not TUPE (with respect to restrictive covenants) is a thought that most buyers of a business have, but often too late in the day. What do these two have in common? Potentially tragic consequences.
Entrepreneurs’ relief: the brave new world13 March 2019
This is an update on the changes to the qualifying criteria for entrepreneurs’ relief introduced in the October 2018 Budget, amended in December and now embodied in statute.
Can / should someone who is not a director be invited to join a committee of the board?13 December 2018
Even if a company’s articles of association permit a committee of the board of directors of a company to comprise or include persons who are not directors, is it sensible for such a committee to be appointed? Are there benefits? This article explores this question.
Lewis Silkin LLP advises FinTech platform Tradeteq, on its $6.3m funding round led by ADV19 July 2018
Leading law firm Lewis Silkin LLP has advised Tradeteq, a Trade Finance Distribution Platform, on its $6.3 Million seed extension funding round led by Accelerated Digital Ventures (“ADV”).
Court implies duty of good faith in “relational” contract26 June 2018
The courts may be more willing to imply a duty of good faith into joint venture agreements, following a recent High Court case.
What makes a company a quasi-partnership?20 March 2018
Lord Wilberforce’s observation that “a company, however small, however domestic, is not a partnership…” indicates that there are clear distinctions between even the smallest companies and partnerships. However, case law has shown that in some instances the court has been willing to deem companies “quasi” or “in substance” partnerships.
Lewis Silkin advises British start-up behind pioneering ‘flight suit’ on VC investment11 August 2017
Partner David Willbe advises Gravity Industries on investment from renowned American venture capitalists Tim and Adam Draper.