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…

Warranty limitations: 5 essential ingredients

This month we focus on the limitations on liability typically applied to potential warranty claims under a sale and purchase agreement (SPA). The limitations act as both a safety net for sellers and to provide clarity to buyers as to how, when and against whom a claim can be brought. Any negotiation on this topic…

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…

Acquiring a regulated business – Change in control regime

Financial services businesses remain hot targets in the UK, but as the purview of the UK financial services regulators creeps ever wider and deeper (see recent focus on consumer credit businesses) it is imperative to identify at an early stage whether a target is FCA regulated, or is carrying out activities that mean it should…

10 tips for structuring earn-outs

This month we focus on earn-outs, which are a hot topic in the current M&A market as a useful tool to bridge valuation gaps. Here are 10 tips for structuring earn-outs. DON’T… 1. Don’t overly restrict the business A seller will want to know that the company won’t change the way the business operates in…

Browser Compatibility Notice

Welcome to MJ Hudson. Please note, this website will not function as intended on Internet Explorer.

For the full experience, we recommended viewing this website on a modern browser, such as Edge, Google Chrome or Mozilla Firefox.

Share this page using the options below