Simon Ward

2 weeks ago | farrer.co.uk | Simon Ward |Charlotte McGuinness |Sophie Giblin

Earlier this year, the British Private Equity & Venture Capital Association (BVCA) published updated versions of the model documents for early-stage venture capital investments which can be found here. The principal model documents include the following:Subscription Agreement;Shareholders’ Agreement; andArticles of Association (and, where necessary, a registration rights agreement if an offer of shares in the United States is reasonably likely).

Jan 17, 2025 | farrer.co.uk | Jonathan Haley |Simon Ward |Charlie Court

Private capital investment in tax, accountancy and advisory firmsOver recent years, professional services firms, including tax, accounting and advisory firms, have proved to be an attractive investment opportunity for private capital acquirers. Private capital buyers are attracted by the predictable recurring revenue streams of accounting, tax and advisory firms, and the fragmented nature of the industry (particularly at the lower end of the market) allows consolidation opportunities.

Aug 6, 2024 | farrer.co.uk | Jonathan Haley |Anthony P. Turner |Simon Ward |Charlie Court |Edward Twigger

Farrer & Co’s wealth management M&A practice regularly acts on exits and acquisitions of wealth management and financial advisory businesses, repeatedly encountering similar issues around planning. The age profile of the financial advisory profession is heavily weighted towards those in the latter stages of their career. FCA data provided to FT Adviser [1] showed that the most common age range for UK financial advisers is 50-59, with many of these planning to retire in the coming decade.

Apr 25, 2024 | farrer.co.uk | Simon Ward |Charlie Court |Hoi-Yee Roper

The Cabinet Office has published a response to its call for evidence (launched in November 2023) on the impact, scope and operation of the National Security and Investment Act 2021 (NSIA). The call for evidence sought views on how the regime could be more business friendly and simultaneously continue to maintain and protect national security. To date, the Government has reviewed more than 1700 notifications and made 20 final orders.

Apr 24, 2024 | farrer.co.uk | Simon Ward

We are very pleased to be sponsoring this year’s Private Capital Symposium hosted by the Institute of Entrepreneurship and Private Capital of the London Business School. A link to the event can be found here. Our panel discussion will focus on “The importance of geography and London as a centre for family office investment”.