Key areas of a sale agreement

A share purchase/sale agreement (“SPA”) is the principal document entered into between Buyer(s) and Seller(s) when negotiating the sale and purchase of a target’s share capital. An SPA is invariably a long and overwhelming document, however there are key clauses that appear on almost every one. Below is a brief summary of those key clauses […]

An adventure with venture capital

Venture Capital (VC) funds are investors who provide expertise and capital (called venture capital) in privately funded companies at an early stage of their life cycle. This contrasts with more traditional ‘private equity funds’ who tend to invest in companies that are more mature and have a structured business plan in place. How venture capital […]

The pitfalls of incorporating with Model Articles

All limited companies must have articles of association. They are a publicly available document setting out the rules that officers and shareholders must follow when running companies. Model Articles are the standard default articles prescribed by the Companies Act 2006 (the “Act”) and replaced Table A from 1 October 2009. It is increasingly common for […]

When Corporate Structures and Rugby collide

Not long after the dust had settled on the World Cup, Lord Dyson recently ruled that the rugby club Saracens should be docked 35 points and fined £5,360,272.31 for breaching the salary cap imposed by the English Premiership. The fine is the maximum a club could receive and the implications on the sport of rugby […]

Four key considerations when selling your business

When the decision is finally made to sell a business, the prospect of receiving the full consideration often outweighs anything else meaning that sellers tend to look for a quick sale. However, a corporate transaction can be an intricate process with complex issues at stake and parties on both sides looking to achieve the best […]

Raising equity finance

Equity financing is a way of raising funds from investors to finance your company and its business. Companies are able to allot or issue new shares, whereby a new or existing shareholder subscribe for additional shares in a company and pay a price for those shares, usually at a premium. The Companies Act 2006 (the […]