MACs and more – 4 M&A trends through lockdown

  While the On Target editing desk has been quiet in the last few months, our clients haven’t been, and the M&A market has bounced back remarkably since autumn 2020. In this edition, as we look ahead to a year of resumed activity, we share a few COVID-19 triggered transaction issues, M&A trends and legal…

5 typical concerns of cash-strapped borrowers

Welcome to the second article in a series of three. The previous article in the series covered the key grounds on which directors of cash-strapped companies could be held liable for their or the company’s acts, and in this piece we focus on five aspects of a company’s third party credit facilities (term loans, revolving…

Mind the gap – 8 key issues when splitting signing and completion

This month, we look at 8 key considerations for parties contemplating a split between signing (also known as exchange) and completion (also known as closing). 1. Avoid the gap? If a transaction is particularly complicated, or if the parties need extra time to transfer funds but are keen to ‘lock in’ a deal, a split…

What to expect from a US buyer: 10 flashpoints

For the purpose of this article, we have assumed that 100% of the share capital of a UK private limited company is proposed to be sold under a sale and purchase agreement (“SPA”) governed by English law. These are 10 flahspoints what to expect from a US buyer. 1. Locked box or completion accounts? In…