Firms To Watch: Corporate tax

Elite US firm Paul, Weiss, Rifkind, Wharton & Garrison LLP  recently made a major splash in London, moving into English law with a series of hires from Kirkland & Ellis International LLP, including the firm's former corporate tax co-head Timothy Lowe.
Shoosmiths LLP's tax team is continuing to grow under the leadership of Laura Board, with the addition of Dan Sharman from Osborne Clarke LLP in June 2022. Board and principal associate Caroline Airey are described as 'absolutely fantastic and a pleasure to work with'.

Corporate tax in London

Macfarlanes LLP

Macfarlanes LLP fields a ‘brilliant’ team with expertise in the full breadth of tax matters, including fund formation, transaction structuring, and dispute resolution. The group has particular strength in cross-border matters, and regularly acts on behalf of high profile and multinational clients. Team lead Damien Crossley specialises in tax matters related to investment management, and covers issues related to private equity and private credit funds. ‘Outstanding’ practitioner Ceinwen Rees advises clients on a range of tax matters, including those involved with acquisitions, disposals, and executive remuneration packages, while Jeremy Moncrieff has expertise in tax elements of high value, complex public and private M&A. Sophie Donnithorne-Tait and James McCredie are key contacts for numerous prominent fund managers on a diverse selection of tax issues. Donnithorne-Tait joined the department in October 2022 from Akin, where she was team lead. Gregory Price and Alicia Thomas are highly experienced in international tax matters, with Thomas in particular noted for her knowledge of UK-US tax relationships.

Practice head(s):

Damien Crossley


Other key lawyers:

James McCredie; Jeremy Moncrieff; Ceinwen Rees; Gregory Price; Alicia Thomas; Sophie Donnithorne-Tait; Sarah Shucksmith


Testimonials

‘The entire tax team at Macfarlanes is brilliant to work with. They know their files in detail and their expertise extend well beyond the pure tax matters.’

‘Ceinwen Rees is outstanding. She delivers highly technical advice efficiently while being an extremely nice person to work with – cherry on the cake: she has managed to have the associates working with her following the same trend!’

‘Jeremy Moncrieff: extremely knowledgeable and sharp – very good at condensing difficult technical concepts into readily digestible and pragmatic advice. Very reassuring.’

‘The Macfarlanes tax team is where we bring complex problems to have them exchanged for straightforward solutions. They are very strong across the breadth of issues relevant to investment funds and asset managers.’

‘It is the clarity and concision of Jeremy Moncrieff’s advice that really stands out for us when working with Macfarlanes. He conveys his advice really well across multiple channels – in writing, in person, and via videoconference – essential skills today.’

‘Sophie Donnithorne-Tait is the best tax lawyer I have ever met, and working with her simply gives me the utmost confidence that everything will be fine.’

‘The team provides good and practical advice with good understanding of the commercial rationale for the various matters considered.’

‘The individuals are experts in their respective field and are able to apply the legislation to the specific context.’

Key clients

Hayfin Capital Management LLP


Arcmont Asset Management Limited


Synova


Valderrama Limited


Alchemy


Fidelity


Permira


Patron Capital


XTX Markets


Virgin Group


Work highlights


  • Advising Hayfin Capital Management LLP on tax advice in respect of the structuring and fundraising of Hayfin’s flagship funds and separately managed accounts.
  • Providing UK tax and structuring advice to Arcmont Asset Management Limited in relation to its sale to Nuveen, the investment manager of TIAA, and merger with Churchill Asset Management.
  • Advising Synova on the tax structuring of its fifth fund, which closed at its hard cap of £875m.

Slaughter and May

Market leading’ firm Slaughter and May acts for prominent multinational and UK headquartered clients on a diverse range of matters, including M&A, corporate rescues and insolvencies, and private equity. Team lead Mike Lane has broad expertise across tax issues, and is well known as a thought leader in the practice area. Gareth Miles covers private equity transactions and public and private M&A, while Dominic Robertson has expertise in the tax elements of joint ventures and corporate finance transactions, in addition to tax enquiries and disputes. Charles Osborne has a practice which includes tax consultancy matters and tax elements of a broad range of transactions, while Sarah Osprey, who made partner in May 2023, advises on tax aspects of M&A, corporate finance transactions, and disputes with HMRC, among other matters. William Watson is active in the department as a senior consultant. Senior counsel Edward Milliner is noted for his strength in the real estate and energy sectors.

Practice head(s):

Mike Lane


Other key lawyers:

Gareth Miles; Dominic Robertson; Charles Osborne; Sarah Osprey; William Watson; Edward Milliner


Testimonials

‘Market leading technical knowledge combined with strong communication skills, historical knowledge of their client and an understanding of how the client operates.’

‘Dominic Robertson – deep historical knowledge of his client, excellent communication skills, superb technical knowledge, always available.’

‘Slaughter and May’s tax team not only has a depth of technical and practical experience which allows them to advise clearly and in real-time; but a culture that allows them to do so with no arrogance.’

‘Mike Lane is our key point of contact. He always makes himself available, does not shy away from bringing clarity to grey areas, and is extremely knowledgeable. He remains positive, constructive, and helpful even under the most challenging of circumstances.’

‘The Slaughter and May tax team are unmatched in their ability to advise on complex tax issues and articulate their advice in a concise commercial manner. They have a well resourced team who will strive to meet their client’s deadlines.’

‘The individuals are highly knowledgeable, engaging and collaborative with their non-tax colleagues. This avoids duplicate conversations on commercial matters where multiple client teams are involved. This approach stands them apart from their peers.’

‘The team stands out for being clear-thinking, proactive and pragmatic in their approach to any and all problems. They work in a collaborative way, which makes deals and projects run more efficiently toward the best solution.’

‘The Slaughter and May tax practice is a pleasure to work with – technically excellent, pragmatic and cost-conscious.’

Key clients

GSK


Standard Chartered


Ocado


Burberry


Centrica


abrdn


Ineos


Vodafone


Santander


Interserve


Work highlights


  • Advised GSK on tax aspects of the demerger of its consumer healthcare business, to form the world’s biggest standalone consumer healthcare group, Haleon.
  • Advising Cineworld Group plc, the second largest cinema chain in the world by number of screens, in connection with the Chapter 11 cases for its US, UK and Jersey businesses.
  • Advising INEOS Enterprises on the tax aspects of its acquisition of the MBCC Group’s Admixture Business from Sika AG.

Allen & Overy LLP

Allen & Overy LLP‘s internationally experienced team has expertise in the full range of corporate and real estate tax matters, in addition to contentious issues. Financial tax is a particular area of strength, and the group acts for numerous European and global investment banks. The department is headed by Christopher Harrison, who leads the firm’s global tax practice. Senior partner Lydia Challen, who chairs the Tax Committee of the Law Society of England and Wales, has experience in all aspects of corporate tax. Charles Yorke handles asset finance and capital markets transactions, in addition to his contentious practice. James Burton is a key contact for transactions in the real estate sector. Tim Harrop has experience in tax aspects of M&A, reorganisations, and equity capital markets transactions. Vimal Tilakapala, who is a Deputy Judge of the Upper Tribunal, provides support as a consultant.

Practice head(s):

Christopher Harrison


Other key lawyers:

Lydia Challen; Charles Yorke; James Burton; Tim Harrop; Vimal Tilakapala


Testimonials

‘A fantastic team who understand my business and are always prepared to help me understand the complexities of tax deeds in simple, straightforward language.’

‘Tim Harrop is very knowledgeable, practical and commercial.’

Key clients

BNP Paribas


Quilter Plc.


Royal Bank of Scotland


Société Générale


UBS A.G.


Coventry Building Society


Marks & Spencer


Worldpay


WPP


Investec


Kyowa Kirin International (KKI)


United Overseas Bank


KCA Deutag


PIMCO


Nationwide Building Society


Work highlights


Baker McKenzie

Baker McKenzie's large team of tax advisors, accountants, and economists provides clients with a combination of legal and accountancy advice, with expertise in a broad range of areas. VAT specialist Mark Delaney leads the London tax practice. Alistair Craig leads the transactional tax team, and Kate Alexander focuses on the taxation of financing and intangible property, both domestically and internationally. Patrick O’Gara focuses on tax planning and transactional tax matters, while Jukka Karjalainen is a key contact for transfer pricing. Other core team members include Natalie Dunne, who is an expert in global reorganisations, and tax planning and structuring specialist Matthew Legg.

Practice head(s):

Mark Delaney


Other key lawyers:

Richard Fletcher; Kate Alexander; Alistair Craig; Mark Agnew; Patrick O’Gara; Jukka Karjalainen; Natalie Dunne; Matthew Legg


Testimonials

‘Great technical knowledge, proactive service and an ability to react quickly to requests for support.’

‘Supportive and knowledgeable of our business. Professional and very competent individuals. Very proactive in looking for solutions.’

‘The team are very proactive, excellent at explaining complicated concepts to management who may be unfamiliar with the UK tax landscape and always strategic in their advice to bring the matter to a satisfactory conclusion.’

Key clients

ALJ International


ATP Media


Blue Horizon


Body Shop


Brunswick Corporation


Coats Group plc


Colt Technology Services


Commscope


Embracer


Gemini Office Services UK


GlaxoSmithKline


Google


Hitachi


Inter Pipeline Ltd


Jain Irrigation


Kantar


LVMH


MainFirst Holding


Manzanita


Novator


Novo Nordisk


Olayan


Pontegadea


QInvest LLC


Servier


Siemens plc


Stalex Investments Ltd.


Tailwind


Unilever


Wilbur-Ellis Inc.


Work highlights


  • Advising Colt Technology Services on the entry into an agreement regarding the acquisition of Lumen Technologies’ EMEA business for USD 1.8bn.
  • Assisted with the sale of Kantar Public to Trilantic Europe, a pan-European public equity firm focused on mid-market transactions.
  • Advised Wilbur-Ellis in connection with the approximately EUR 3bn merger of its ‘Connell’ business and Caldic B.V. to form a leading global life sciences and speciality chemicals solutions distribution platform.

Clifford Chance LLP

Clifford Chance LLP provides a full service tax offering, covering funds, finance, M&A, real estate, and contentious tax. Highly experienced team lead Chris Davies is an expert in securitisation and structured finance, and sits on a number of governmental work groups in these areas. David Harkness advises high profile domestic and international clients on a broad range of complex transactions and revolving disputes. David Saleh is the group head of real estate tax and indirect tax, while Richard Kalaher has experience in cross-border M&A and international private fund formation. Laura Underhill specialises in investment funds tax, Nicola Hemsley focuses on high profile M&A, joint ventures, and IPOs, and Jemma Dick covers a range of financing transactions.

Practice head(s):

Chris Davies


Other key lawyers:

David Harkness; David Saleh; Nicola Hemsley; Laura Underhill; Richard Kalaher; Jemma Dick


Testimonials

‘Well rounded team, appropriate level of expertise is always available.’

‘David Saleh’s knowledge and expertise in the industry is highly commended, his attitude to problem-solving as well as his personable approach has seen him involved in very high profile tax structurings, past and present. I thoroughly enjoy working with him.’

Key clients

Nielsen Holdings plc


Stirling Square Capital Partners


Rothesay Life PLC


Northwest Healthcare Properties REIT


Prologis


CK Asset Holdings


Legal & General Investment Management


Devro plc


GLP


Sixth Cinven Fund


Permira


Aberdeen Asset Management – abrdn


Work highlights


  • Advised longstanding client Nielsen Holdings plc on its takeover by a private equity consortium led by Elliott Investment Management L.P., Brookfield Capital Partners LLC, GIC and The WindAcre Partnership.
  • Advising a leading international investment bank on all aspects of its dispute with HMRC, in relation to the VAT treatment of some intra-group service payments.
  • Advised longstanding client Cinven on the sale of group. ONE from the Sixth Cinven Fund to the Seventh Cinven Fund, in partnership with Ontario Teachers’ Pension Plan Board.

Hogan Lovells International LLP

Hogan Lovells International LLP‘s London team operates as part of a comprehensive international tax practice, comprised of lawyers, economists and accountants located globally. Team lead Elliot Weston has significant experience advising on tax elements of M&A, joint ventures, REITs, and financing transactions. Karen Hughes specialises in business restructurings and international tax planning, Fiona Bantock advises on tax and structuring aspects of private equity transactions and employee incentives, and Philip Harle handles tax aspects of financing matters.

Practice head(s):

Elliot Weston


Other key lawyers:

Karen Hughes; Philip Harle; Aaron Burchell; Fiona Bantock


Key clients

Clipper Logistics plc


Shaftesbury PLC


AEG Europe


Intermediate Capital Group


Internet Mobile Communications Limited


AXA Insurance UK Plc


Navis Capital Partners


Ares Management


Dtcc


M&G PLC Group


Columbia Threadneedle


Gen Re UK Group


Pantheon Client Group


Abrdn


Ford


Work highlights


  • Advised Clipper Logistics plc on its recommended £1 billion takeover offer by GXO Logistics, Inc.
  • Advised Shaftesbury PLC on its recommended £5 billion all-share merger with fellow FTSE-250 listed Capital & Counties Properties PLC, which is the largest UK public merger of two REITs.
  • Advised AEG Europe on the sale of Uber Boat by Thames Clippers to Northleaf Capital Partners.

Kirkland & Ellis International LLP

Kirkland & Ellis International LLP fields a team with a record of handling a broad range of challenging tax issues and transactions, including M&A, reorganisations, and contentious matters. Key names include Jonathan Kandel, whose practice covers tax issues relating to a diverse range of corporate transactions. Mavnick Nerwal specialises in public and private M&A transactions, while Ian Ferreira handles private and real estate fund structuring, and Frixos Hatjantonas covers a range of transactions and disputes. Alexander Cox, who joined from Ashurst in September 2022, has significant experience in tax aspects of investment and real estate funds.

Practice head(s):

Jonathan Kandel


Other key lawyers:

Mavnick Nerwal; Ian Ferreira; Frixos Hatjantonas; Peter Abbott; Alexander Cox


Testimonials

‘Very commercial outlook with technical strength behind it too. With such extensive experience, they bring a heft that makes them an invaluable partner, not just an adviser.’

‘In my experience the Kirkland tax team lead the charts in the UK. They have a very experienced and professional team that are able to translate highly complex tax matters into practical advice.’

‘Mavnick Nerwal is very smart, technically outstanding and has a very broad experience across many investment asset classes. Good business sense and able to always keep focus on big ticket items and put tax risks in perspective. He is outstanding.’

‘One of the strongest tax teams in London. They have smart people with detailed knowledge of their sectors but with the agility to take on new areas.’

Key clients

17Capital


Altera Infrastructure


Allwyn


Blackstone


Brookfield


EQT


GLP Capital Partners


Kohlberg Kravis Roberts


Partners Group


Polestar


Starwood Capital Group


TDR Capital


Vista Equity Partners


Warburg Pincus


Waterland Private Equity


Work highlights


  • Structured the IPO and merger of Polestar with Gores, a transaction that has an enterprise value of USD20 billion, and which resulted in a cash injection of c. USD890 million for Polestar, which it will use to fund the expansion of its range of electric vehicles.
  • Advising Brookfield (one of the world’s largest investment management companies) on the reorganisation of and GBP 3.3 billion sale of the Student Roost accommodation group to a consortium led by GIC and Greystar.
  • Advised Partners Group (a leading global private markets firm) on the USD 1 billion acquisition of Forterro (a pan European software company).

Linklaters LLP

Linklaters LLP is active for prominent private and public clients across a diverse range of sectors, with expertise in both contentious and non-contentious matters. Team lead Lynne Walkington specialises in tax elements of public and private M&A transactions, reorganisations and reconstructions, and corporate finance. James Morgan, who is described by clients as ‘very proactive and responsive’, focuses on financial institutions and funds, while Chris Smale has expertise in private equity transactions. Jamie Coomber has a practice which includes advising on funds, M&A, and securitisation transactions.

Practice head(s):

Lynne Walkington


Other key lawyers:

James Morgan; Chris Smale; Jamie Coomber


Testimonials

‘Proactive and keen to help find a technically correct but also practical solution to issues.’

‘James Morgan – very proactive and responsive. Likes to really understand the commercial drivers and find creative and practical solutions to seemingly insurmountable issues. Balances good technical skills with commerciality and pragmatism.’

‘The team members are 100% available at all times, with creative yet not aggressive tax planning capabilities. They find it easy to collaborate with other firms and take a very proactive approach.’

Key clients

Aermont Capital LLP


Australia and New Zealand Banking Group Limited


National Grid


Go-Ahead Group plc


AustralianSuper


Moolec Science Limited


Ho Bee Land Limited


Ontario Teachers Pension Plan Board


Crédit Agricole


UK Government – Department for Business, Energy and Industrial Strategy


Biffa plc


The energy administrators of Bulb Energy Limited


Cerberus Capital Management


Work highlights


  • Advised Aermont on the establishment of their fifth-generation opportunistic real estate fund.
  • Advised National Grid on all aspects of its private M&A auction sale of a 60% stake in its gas transmission and metering businesses to a Macquarie-led consortium.
  • Advised OTPPB on a $1bn strategic tie-up with Macquarie in offshore wind, with separate joint ventures for 15 key offshore wind assets and a platform future growth.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

Skadden, Arps, Slate, Meagher & Flom (UK) LLP fields a team well regarded for their M&A expertise, with experience in a diverse range of jurisdictions, including Europe, Asia, and North and South America. Team lead James Anderson, praised by clients for his ‘incredible legal and market knowledge‘, handles public and private capital markets matters. Alex Jupp has a broad practice, which includes M&A, restructurings, and tax disputes. Also key are counsel Jisun Choi, who has broad transactions experience and key expertise in the insurance sector, and international tax specialist Joseph Hone, who was promoted to European counsel in 2023. Associate Elizabeth Spencer covers international corporate, capital markets, and fund matters.

Practice head(s):

James Anderson


Other key lawyers:

Alex Jupp; Jisun Choi; Joseph Hone; Elizabeth Spencer


Testimonials

‘James Anderson has incredible legal and market knowledge, tremendous structuring ability and commercial sense.’

‘They know their stuff, are timely, always available and creative.’

Key clients

Pfizer Inc.


Odyssey Acquisition S.A.


Gyroscope Therapeutics


Central Group and Signa


Refresco Group BV


Spotify A.B.


Michael Foreman as Plan Administrator for CFG Peru Singapore


Adobe Inc


The Travelers Companies, Inc.


Capital Z Partners Management, LLC


Further Global Capital Management


ASDA Group Limited


Atlas Investissement


Oaktree Capital Management, L.P.


Jane Street


Willis Towers Watson plc


Visa


Phoenix Group Holdings


Netflix


The Coca-Cola Company


Amazon


Iceland Foods


Work highlights


  • Advised Pfizer Inc. on the tax aspects of the demerger from GSK plc and listing of newly independent company Haleon plc.
  • Advised Odyssey Acquisition S.A., a SPAC, on the tax aspects of its $1.7 billion combination with AI drug discovery company BenevolentAI.
  • Advised Gyroscope Therapeutics in relation to the tax aspects of its acquisition by Swiss drugmaker Novartis AG for up to $1.5 billion.

Travers Smith LLP

The 'dedicated and highly motivated' Travers Smith LLP team advises domestic and international clients in a range of matters, including asset management, corporate finance, M&A, and tax disputes. Department head Russell Warren is particularly active on behalf of private fund and asset management clients, and has broad transactional tax expertise. Also key are Emily Clark, who leads the asset management team, Mahesh Varia, who is head of incentives & remuneration, and Simon Skinner, whose practice covers both corporate and individual taxation. Hannah Manning specialises in private equity and M&A transactions. Transactions specialist Madeline Gowlett, and Elena Rowlands, whose focus is the taxation of asset managers, are names to note.

Practice head(s):

Russell Warren


Other key lawyers:

Emily Clark; Hannah Manning; Mahesh Varia; Simon Skinner; Russell Warren; Madeline Gowlett; Elena Rowlands


Testimonials

‘The corporate tax team has excellent tax lawyers with a focus on delivering technically excellent and commercially sensible advice. This is a firm clients go to for the right answer (whether it is in the circumstances favourable or not). Members of the tax team are dedicated and highly motivated with a wealth of experience.’

‘Emily Clark is an excellent and well respected tax partner with an in depth understanding of the private equity market, and gives well-balanced and commercially sensible advice.’

‘Unique depth of private equity experienced lawyers with excellent resource and execution skills.’

‘The calibre of the advice provided by the team is well-known but what makes Travers’ tax team standout is the clear way this is set out and the practical, commercial approach they take. Clients are given solutions to complex problems in a succinct and direct way.’

‘Hannah Manning is a go-to adviser for management teams on refinancing and exit events and always provides an excellent service for her clients. ’

Key clients

Bridgepoint


Brown & Brown, Inc.


InstaVolt Limited


Micro Focus International plc


ECI Partners


Ancala Partners


Noble Corporation


Inflexion


Premium Credit


The Access Group


Livingbridge


Storeshield Limited


Equistone Partners


Elysium Healthcare


Bridgepoint Development Capital


Northleaf Capital


Burger King UK


Lifezone Metals


Work highlights


  • Advised Lifezone Metals, a developer of cleaner metals for EV batteries, on its combination with GoGreen Investments.
  • Advised its long-standing client Micro Focus International plc (Micro Focus), the global enterprise software company, on the proposed US$375 million sale of its Digital Safe business to Smarsh, Inc.
  • Advised on investment work for long-standing client Bridgepoint, including its sale of Miller Homes, one of the U.K.’s leading homebuilders, to funds managed by Apollo affiliates.

Ashurst

Ashurst fields a team with key strength in the taxation of funds, infrastructure M&A, financial transactions, and real estate. During 2022, the group advised longstanding client Morrisons on its acquisition of convenience store chain McColls. Department head Simon Swann has expertise in all areas of corporate tax, with particular emphasis on real estate. Key team members include M&A and private equity specialist Nicholas Gardner, and Paul Miller, who specialises in the financial services industry. Also prominent are Chartered Tax Adviser Tim Gummer, and Patricia Allen, who specialises in the taxation of funds and private equity transactions.

Practice head(s):

Simon Swann


Other key lawyers:

Nicholas Gardner; Paul Miller; Tim Gummer; Patricia Allen


Testimonials

‘They are exceptional. Always providing advice that is tailored to your needs and not afraid to put forward their opinions. Actively make themselves part of your team – they have become an extension of our organisation.’

‘Stand out partners: Tim Gummer, Simon Swann, Patricia Allen. All three are always available, always provide commercial and succinct advice and can break down the most complicated tax issue into simplified/commercial terms.

‘The team at Ashurst are experts in their field and have a good breadth and knowledge of the taxes impacting our business. They are easy to work with, pragmatic, and always my first choice of tax advisor on a transaction.’

Key clients

Altor Equity Partners


Amalfi Bidco Limited


Lendlease


Transport for London


Serica Energy


ICG


Aviva Investors


La Francaise


Berkeley Homes


Brookfield/WIG


WM Morrison Supermarkets Limited


Work highlights


  • Advising Altor on the establishment of the €4 billion Altor Fund VI.
  • Advised Amalfi Bidco Limited in relation to its recommended cash and share acquisition of the entire issued and to be issued share capital of CareTech Holdings PLC.
  • Advised longstanding client Lendlease in connection with the GBP 809m acquisition of 21 Moorfields, London, from Land Securities plc.

Bryan Cave Leighton Paisner

Bryan Cave Leighton Paisner acts for high profile clients on a diverse range of advisory and transactional tax matters, spanning the entire tax life cycle. Team leader and global head of tax Elizabeth Bradley has a broad practice which includes corporate M&A, funds, financing, and real estate tax. Highly experienced partner Mark Brailsford advises on complex corporate transactions, and Alan Sinyor is head of VAT within the firm. Andy West was promoted to partner in January 2023.

Practice head(s):

Elizabeth Bradley


Other key lawyers:

Mark Brailsford; Alan Sinyor; Andy West


Testimonials

‘Alan Sinyor is of Hall of Fame quality, certainly one of a handful of bests in UK VAT & Indirect sector. He is insightful, consistent, concise, clear, drawing from a wealth of VAT knowledge & experience that excels in depth and breath – just the best!’

‘Strong client collaboration approach – experience and expertise in the engagement – innovation in bringing and solving issues – clear communication i.e. explain technical subjects – achieve expected outcome.’

Key clients

Oxford Properties


Logistics Capital Partners


Tristan Capital Partners


Landsec


Kingboard Holdings


Secure Income REIT


Axa


Lumen Technology, Inc


Get Living plc


Lodha Developers UK Limited


Federated Hermes


Canada Pension Plan Investment Board


Landsec


Lemonaid Health Limited


King’s Cross Central Limited Partnership


Work highlights


  • Advised on the legal and tax structuring of a joint venture comprising Oxford Properties and Logistics Capital Partners on its purchase of Four Ashes Limited.
  • Advised on the tax aspects of longstanding firm client Tristan Capital Partners’ acquisition, joint venture and management arrangements in relation to the acquisition of the Point A hotel portfolio from Wellcome Trust and Queensway for circa £420 million.
  • Advised on the tax implications for Landsec on the disposal of 1 New Street Square for circa £350 million.

Gibson, Dunn & Crutcher

Gibson, Dunn & Crutcher advises a broad client base on the full range of tax matters, with areas of expertise including corporate M&A, reorganisations and dispositions, capital markets offerings, and real estate acquisitions and dispositions. Department head Sandy Bhogal, who is co-chair of the firm’s global tax practice, has experience in the full range of transactions and general tax matters. Jeff Trinklein is a key contact for US and international taxation, while Ben Fryer advises on a wide range of domestic and cross-border matters.

Practice head(s):

Sandy Bhogal


Other key lawyers:

Ben Fryer; Jeff Trinklein


Testimonials

‘Super technical expertise and great friendliness.’

‘Sandy Bhogal is a superstar in the UK market.’

‘Great team to work with, truly connected to their clients and knowledgeable on their sectors of activity.’

‘My team very much enjoyed working with Sandy Bhogal and Benjamin Fryer, hands on, solution driven, available and technically talented.’

‘Excellent team with great international capability.’

‘Sandy Bhogal – highly intelligent and hugely experienced problem solver of the most challenging issues. Jeff Trinklein – shows very sound judgment and insight in dealing with the most complex problems.’

‘It provides an excellent litigation service to its clients. The members of the team know what they are doing, are thorough in their preparation and provide excellent support to their counsel.’

‘Ben Fryer is a well-seasoned, accessible expert in his field.’

Key clients

Elliot Investment Management


KKR


Motive Partners


Veritas Funds


Brookfield Property Partners


NewsCorp


Investcorp Holdings BSC


IPI Partners


Apollo Global Management


Realty Income Corporation


Work highlights


Herbert Smith Freehills LLP

Herbert Smith Freehills LLP fields a team with expertise in commercial transactions, tax disputes, and tax strategic and advisory work. Team lead and global tax practice head William Arrenberg specialises in real estate taxation, and advises on the full range of transactions across all real estate asset classes. Howard Murray‘s practice includes non-contentious insurance, structured finance, and M&A, while experienced practitioner Isaac Zailer handles a range of transactional, advisory, and contentious work. Investment funds specialist Aurell Taussig, real estate and funds expert Casey Dalton, and Josh Lom, who made partner in 2022, are key names.

Practice head(s):

William Arrenberg


Other key lawyers:

Isaac Zailer; Howard Murray; Aurell Taussig; Casey Dalton; Joshua Lom


Testimonials

‘Aurell Taussig has a complementary working style to Michael Hunt in the tax disputes team – he provides technical reassurance.’

Key clients

AbbVie Inc.


Aberdeen Standard Life


Acacia Research Corporation


Ahren LP


Allianz Real Estate GmbH


Amundi (UK) Limited


Antin


Ardonagh Group


Argent (Property Development) Services Limited


Artisan Partners Limited Partnership


Associated British Foods plc


Atlassian Corporation Plc


Baillie Gifford


Balance Legal Capital


Berkeley Homes


Bharti


BHP Group Limited


Big Society Capital Limited


BioPharma Credit Plc


Blackrock


Blue Motor Finance Limited


BP


Bridgestone Corporation


British American Tobacco PLC


Brookfield Property Partners LP


Brookgate Land Limited


Cabot Square Capital


CalEnergy


Canada Life


Canary Wharf Group Plc


Capital & Counties Properties Plc


Certares Management LLC


Chargeurs


Chevron


Citibank


Copenhagen Infrastructure New Markets Fund


CPP Investment Board


Deutsche Lufthansa AG


Dorrington Plc


EDF


ENI


Ferrexpo plc


Fidelio Capital AB


Findlay Park Partners LLP


Gazeley


Gazprom


General Mills


Goldman Sachs International


Hammerson Plc


Hermes Fund Managers Limited


Hipgnosis Songs Fund Limited


Iberdrola S.A.


Impilo AB


Inchcape


Iluka Resources


Impact Oil & Gas AGC Limited


Israel Chemical Limited (ICL)


Johnson Matthey Plc


Kingdom of Saudi Arabia


King’s College London


Korea Investment Corporation


KPMG LLP


Lazard Group


LCR Limited


Lend Lease Corporation Limited


LendInvest BTL Limited


Marex Plc


Marsfields Limited


Mercuria Energy Group


National Grid Plc


Newen Studios


Nuveen


OneWeb Communications


Patria Finance Limited


Pearson Plc


Pension Insurance Corporation Plc


Pension Protection Fund


Perenco UK Limited


Phoenix Group Holdings Plc


Polar Capital


Prisma Capital


Qatar Investment Authority


ReAssure Limited


Resolution Re


Respira International Limited


Royal London


Saga Plc


SDCL Energy Efficiency Income Trust


Sky Plc


Societe Generale


SoftBank Corporation


St. James Edinburgh Unit Trust


Sustainable Development Capital LLC


The British Land Company Plc


The McConnell Foundation


Thomas Lloyd Group Limited


TP ICAP plc


Transport for London / London Underground Limited


Tryg A/S


Tullow Oil


TSB Bank plc


Unibail-Rodamco-Westfield


Vantage Capital Markets LLP


VMED O2 UK Limited


Weir Group Plc


Wesfarmers


Willis Towers Watson


Wisetech Global Ltd


Woodside Energy Ltd


Work highlights


  • Advising British Land on the tax aspects of its new development at Canada Water.
  • Advising Capital & Counties Properties on its recommended £3.5 billion all-share merger with Shaftesbury Plc.
  • Advising Inchcape plc, the leading independent multi-brand global automotive distributor, on its business combination to acquire Derco, the largest independent automotive distributor in Latin America, for a cash and share consideration valuing Derco at £1.3 billion on a debt free, cash free basis.

Latham & Watkins

Latham & Watkins advises premier multinational clients on the full range of corporate tax matters, and is noted for its strength in working across jurisdictions. The department is jointly led by M&A and private equity expert Sean Finn, structured finance and real estate specialist Karl Mah, and Helen Lethaby, who is highly experienced in advising on transactional matters for corporates, financial investors and asset managers. Counsel James Leslie is a key contact for equity capital markets transactions.

Practice head(s):

Sean Finn; Karl Mah; Helen Lethaby


Other key lawyers:

James Leslie


Testimonials

‘Good exposure to the market and understanding of economic deal to tax matters.’

‘Sean Finn provides calm and measured advice.’

‘A solid, likeable team. They have a good command of the technical tax issues, and an understanding of the commercial parameters within which they work.’

‘You get the sense that Karl Mah, as a former junior chess champion, is thinking six moves ahead, unlike the competition, who don’t approach matters so tactically.’

‘Karl Mah is outstanding and helped us a lot in closing some critical issues in a very short timeline.’

‘Karl Mah leads a very strong corporate tax practice, which is critical for large sized M&A.’

Key clients

EIG Global Energy Partners


Clearlake Capital


Adani Enterprises Limited


AllianceBernstein


Farfetch


Farallon Capital Europe LLP


Energy Capital Partners


Global Infrastructure Management


Yildirim Holding A.S.


Rivulis


Astorg and Epiris


Authentic Brands Group


PAI Partners and BCI


Norton Rose Fulbright

Norton Rose Fulbright‘s full service practice is noted for its global reach, with a strong record of complex cross-border transactions. The department is jointly led by global head of tax Dominic Stuttaford, and London head Matthew Hodkin. Stuttaford specialises in M&A transactions and corporate reorganisations, while Hodkin has particular expertise in the establishment of funds and joint ventures. Other core team members include Michael Alliston, who advises on the full range of transactional taxes, and Julia Lloyd, whose focus is the tax elements of real estate transactions and funds.

Practice head(s):

Dominic Stuttaford; Matthew Hodkin


Other key lawyers:

Michael Alliston; Julia Lloyd; Matthew Findley


Testimonials

‘Deep knowledge at partner level. Always keen to understand the commercial drivers and tailor advice accordingly.’

‘Dominic Stuttaford – deeply knowledgeable, friendly and keen to get to grips with any given issue.’

‘Michael Alliston – incredibly detail-orientated, easy to work with and efficient in getting to the right answer.’

‘The firm’s technical knowledge is exceptional in the field we operate in.’

‘Approachable, responsive, supportive, but more importantly, they understand our business and can give advice that is useful.’

Key clients

EasyJet


Lloyds Banking Group


Barclays Bank Plc


Orange SA


Goldman Sachs


HSBC


Roofoods Ltd (Deliveroo)


AXA XL


BentallGreenOak


Louis Dreyfus


Total


Morgan Stanley


Deutsche Finance International


London Gateway Port Limited


Commerz Real Investmentgesellschaft mb


Stena AB


Credit Agricole


Societe Generale


Civitas Investment Management


Bibby Financial Services


Bombardier


Brookfield Renewable Energy Partners


Centrica


Gatehouse Bank


Santander


Vodafone/Vodacom Group


the West End of London Property Unit Trust


Oxford Industries Inc.


Kaefer Group


Carnival Corporation & plc


CitiGroup


Toronto-Dominion Bank


Trian Fund Management, L.P.


Terra Firma


AIG


Liberty Insurance


Euclid Transactional


Chubb


Greencoat UK Wind


BMO Financial Group (Operating name for Bank of Montreal)


Modern Times Group


Sonangol


JP Morgan


Charles Stanley


Ritchie Bros


Africa Greenco


Aquiline


Atrato


Taylor Maritime


Patrizia AG


Infopro Digital Holding (UK)


Chubb


Greencoat UK Wind


BMO Financial Group (Operating name for Bank of Montreal)


Modern Times Group


Sonangol


JP Morgan


Charles Stanley


Ritchie Bros


Africa Greenco


Aquiline


Atrato


Taylor Maritime


Patrizia AG


Infopro Digital Holding (UK)


Work highlights


  • Advised Royal Bank of Canada on its £1.6bn recommended cash offer for Brewin Dolphin Holdings plc.
  • Advised Countryside Partnerships on its £1.2bn recommended cash and shares combination with Vistry Group plc.
  • Advised an ad hoc group of secured creditors on the US$6bn debt restructuring of the world’s largest regional aircraft leasing company, Nordic Aviation Capital DAC implemented through a pre-arranged Chapter 11 process in the US Bankruptcy Court.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP fields a ‘small but exceptional’ tax team, comprised of practitioners qualified in both the US and England and Wales. Yash Rupal, described by clients as ‘outstanding and second to none’, advises a broad range of prestige clients on complex cross border matters, including both contentious and non-contentious work. Sarah Lindley, who joined from Linklaters LLP in September 2022, has particular expertise in the infrastructure, technology and financial services sectors. Senior associate Caleb McConnell and highly experienced counsel Mark Kingstone are also key.

Practice head(s):

Yash Rupal


Other key lawyers:

Sarah Lindley; Mark Kingstone; Caleb McConnell


Testimonials

‘Yash Rupal’s technical abilities across all taxes and his overall knowledge of the UK tax system are outstanding and second to none. He is thorough and meticulous in all his work.’

‘Simpson Thacher has a small but exceptional UK tax practice. It is led by Yash Rupal who is without doubt the best tax UK tax lawyer in the market in terms of the areas covered by his practice.’

‘Yash Rupal has an unrivalled reputation. He had deep experience and is very commercial and pragmatic. However, what sets him apart from every other tax lawyer in London is his judgement. Yash’s team is small, but the quality of his associates is outstanding. Sarah Lindley, a UK tax partner at Simpson Thacher has also been involved with our work, and we would also highly recommend her.’

Key clients

Bridgepoint


Viridor


Credit Suisse Securities LLC


Morgan Stanley & Co. LLC


Silver Lake


Gates Industrial Corporation


CBRE


Hews Gray


Baltic Classifieds Group


Primavera Capital Group


KKR


Blackstone


Consortium


H.I.G. Capital, LLC


Aston Martin


J.P. Morgan


Blackstone Capital Partners


Blackstone Real Estate


BTG Pactual


Patricia Industries


Advanced Instruments


Bruin Sports Capital


Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP acts for a broad client base, offering expertise in a diverse range of areas including private funds, restructurings and insolvencies, financings, and tax disputes. Oliver Walker, whose clients include private equity funds, corporate management teams, and high net worth individuals, co-leads the department alongside Jenny Doak, whose practice covers restructurings, financings, and public and private M&A. Aron Joy and senior counsel Daniella Abel, praised by clients for their ‘clear’ and ‘practical’ advice, share a specialism in private funds taxation.

Practice head(s):

Jenny Doak; Oliver Walker


Other key lawyers:

Aron Joy; Daniella Abel; Stuart Pibworth


Testimonials

‘Aron Joy and Daniella Abel are valued partners to the business who support us in commercial discussions with our clients. Their advice is typically practical, with clear recommendations, which avoids prolonged negotiation.’

‘An excellent and experienced team when it comes to oil and gas taxation and associated litigation. Biggest energy companies as clients.’

‘Jenny Doak is responsive and had huge knowledge of oil and gas tax, having come from an oil and gas firm.’

‘The combination of high levels of expertise and experience in the senior members of the team with the hard-working and intelligent junior members makes for an effective litigation combination.’

‘Jenny Doak is a highly experienced tax lawyer – her insight combined with her practical approach are a rare combination.’

Key clients

A&M Capital Advisors Europe LLP


Ad Hoc Lenders for Nordic Aviation Capital


Advent International


AMC Entertainment


Ares Management


Ashgrove Capital


Bain Capital


Brookfield


Clayton Dubilier & Rice LLC


Goldman Sachs


Guggenheim Securities, LLC


iCON Infrastructure


Lazard Asset Management Limited


Macquarie Securities


Octopus


Original Talent Limited


PAI Partners


Providence Equity


Providence Equity


Public Sector Pension Investment Board


Px3 Partners


Sumeru Equity


Sun European Partners, LLP


Work highlights


Addleshaw Goddard

Addleshaw Goddard‘s team works seamlessly across UK and international offices, with a focus upon the key areas of private equity, real estate and financial services. Team lead Justine Delroy has particular expertise in private equity transactions, and covers a range of matters including M&A, joint ventures, and reorganisations. Highly experienced partner Peter Sayer handles real estate and finance taxation, while Paul Concannon is noted for his financial services practice.

Practice head(s):

Justine Delroy


Other key lawyers:

Peter Sayer; Paul Concannon; Charlotte Fallon


Testimonials

‘Integrated, very capable team, offering seamless advice across all deal aspects.’

‘Very responsive, complemented with a deep-seated experience allowing the delivery of advice in a clear and commercial manner. Paul Concannon is a pleasure to work with.’

‘Good practical advice. Understand the client requirements and processes needed by us.’

Key clients

Pension Insurance Corporation Plc


Hub Residential, Hub Capital


ECI Partners LLP


Cirrus Inns


Terra Firma Capital Partners


United Colleges Group


CSP Reading Limited


Precis Capital Partners


Carlyle/Nomura


Work highlights


  • Acting for Pension Insurance Corporation on its investment in the 667 apartment build to rent scheme at One Eastside Birmingham.
  • Advised Terra Firma Capital Partners on the tax aspects of the acquisition of the entire issued share capital in Richborough Estates Holdings Limited from their management.
  • Advising the client on the £80 million financing of “The Oren”, a 46 unit premium later living development in Hampstead, London. The borrower, EPISOS, is a fund managed by Tristan Capital Partners.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP‘s team is well regarded for its strength in tax issues related to investment funds and private equity transactions. Jointly leading the department are Richard Ward, who is a co-managing partner for the firm in London, and New York qualified lawyer Matthew Saronson. Cécile Beurrier advises private funds on finance and structuring matters. Also key are international counsel Patrick Fasoro, who specialises in tax aspects of M&A transactions, and international counsel Jennifer Wheater, who is described as a ‘superstar’. 

Practice head(s):

Richard Ward; Matthew Saronson


Other key lawyers:

Cécile Beurrier; Jennifer Wheater; Matthew Pincus; Patrick Fasoro


Testimonials

‘Richard Ward has immense current knowledge in tax and also how the tax code has developed over the years. This is great, as not many firms have senior tax lawyers with this level of knowledge.’

‘This is a very high quality team. They are exceptional at fund formation work and fund investment work.’

‘Richard Ward has deep experience and is a very experienced tax lawyer. He has very good judgment and can be trusted with the most difficult of tax problems. He gets straight to the point and always provides a very pragmatic answer. Jenny Wheater is a superstar.’

‘Richard Ward is excellent.’

Key clients

Mayfair EquityPartners LLP


The Carlyle Group


Clayton, Dubilier & Rice


Fitzwalter Capital Partners LLP


TIAA


Pernod Ricard


Stepstone Group


Pantheon Ventures


Park Square Capital


Work highlights


  • Provided tax advice on the full structure and implementation of Mayfair’s third private equity fund.
  • Provided tax advice on the acquisition by the Carlyle Group of Abingworth LLP, a life sciences group.
  • Acted for CD&R in its acquisition from PWC of Vialto Partners, the global workforce mobility services provider.

DLA Piper

DLA Piper fields a large, multidisciplinary team with expertise in both transactional and advisory work. Team lead Ben Brown is experienced in working as part of the firm’s global network on a diverse range of matters. Matthew Davies has particular expertise in international reorganisations and structuring for multinational groups, while Richard Woolich heads the VAT group. Legal director Michael Graham advises clients in the investment funds tax space.

Practice head(s):

Ben Brown


Other key lawyers:

Matt Davies; Richard Woolich; Michael Graham


Testimonials

‘Deep sector knowledge overlaid into targeted recommendations.’

‘Professional, responsive, and with detailed knowledge of tax in the financial services sector.’

‘Michael Graham is our main contact. He possesses detailed knowledge of tax on benefits, especially carried interest rules.’

‘Besides the excellent level of knowledge and expertise, I always feel that DLA goes above and beyond with the level of client care. They are genuinely invested in our outcomes and our business.’

‘This practice is excellent at thinking ahead and anticipating the client’s needs; they are quick to spot issues, have a detailed approach and are then able to overlay commercial requirements.’

‘DLA tax stand out for their attention to detail, their technical expertise and their responsiveness.’

Key clients

Longfellow Real Estate


Mid Ulster District Council


Eagle Football Holdings Bidco Limited


Euclid Transactional


Liberty GTS


Brockwell


Themis Underwriting


Warner Bros. Discovery


Work highlights


  • Advising Warner Bros. Discovery on the terms of their joint venture partnership with the BT Group, combining the assets of BT Sport and Eurosport UK.
  • Advised Eagle Footbal, in respect of its acquisition of a controlling stake in Olympique Lyonnais Groupe, and the creation of a new multi-club strategy.
  • Representing Mid Ulster in their VAT reclaim before the Tax tribunals, and Northern Ireland Court of Appeal in their reclaim of VAT wrongly charged on sporting and leisure services.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP is a prominent name in the M&A insurance market, known for its role in the development of tax risk insurance. Ben Jones, who leads the department, and is co-head of the firm's global tax group, specialises in cross-border M&A, investments, and reorganisations. Paul Beausang heads a dedicated real estate tax practice, Deepesh Upadhyay leads on finance tax, and Camilla Spielman spearheads the financial services team. Associate Helen Mackey is a key name.

Practice head(s):

Ben Jones


Other key lawyers:

Camilla Spielman; Paul Beausang; Deepesh Upadhyay; Helen Mackey; Ben Shem-Tov


Testimonials

‘Eversheds are a fast moving and dynamic tax team. They work well within our business.’

‘Paul Beausang is a strong all round tax professional and has helped identify and manage transactional tax risks.’

‘The team have your best interests at heart and strive to achieve the best outcome for you.’

‘Deepesh Upadhyay is a detail-orientated, knowledgeable tax partner.’

Key clients

DuPont (U.K.) Limited


AIG, Liberty Mutual, Tokio Marine and others


Scottish Widows Limited


SCOR SE


Network Rail


Aspen Pharmacare


Precede Capital Partners


Costar Group, Inc


Aviva Plc


Phoenix Life Limited


Segro Plc


Legal & General


Tristan Capital Partners


LaSalle Investment Management


Work highlights


Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP‘s London group is a cornerstone of the firm’s global offering, frequently taking a key role on high-end tax mandates. Team lead Nick Thornton, who is described as ‘excellent’, has expertise in a broad range of tax matters, including fund formations, asset purchases and sales, and corporate restructurings. Richard Pilgrim, who made partner in March 2023, specialises in cross-border acquisitions and disposals. Associates Thomas Bramall and Neema Sofaer are names to note.

Practice head(s):

Nicholas Thornton


Other key lawyers:

Richard Pilgrim; Thomas Bramall; Neema Sofaer


Testimonials

‘Nick always provides his expert opinion in a calm and considered manner.’

‘Nick Thornton in the tax team is fantastic.’

‘The Fried Frank London tax team stands out from other firms for its excellent partner availability and overall commitment. They provide ‘modern’ tax advice and are very well-connected, not only with their other European and US offices, but also with other firms.’

Key clients

AEA Investors


Arcmont Asset Management


Bain Capital


BlackRock


BlueBay Asset Management


Bonaccord Capital Partners


Brookfield Asset Management


Bain Capital


BlackRock


BlueBay Asset Management


Catalent Inc.


Cambridge Information Group


CVC Credit Partners


Domino’s Pizza Group plc


Dyal Capital Partners


GIC Private Limited (the Singapore sovereign wealth fund)


Goldman Sachs


Harsco Corporation


HSBC Asset Management


iCON Infrastructure


Invesco Real Estate


Jacobs Solutions Inc.


Kennet


Liberty Global


LumiraDx


Mayo Clinic


Morgan Stanley


Permira


Royal Bank of Canada


Schroders Greencoat


VGO Capital Partners


Wafra Inc.


Work highlights


  • Advising multinational investment bank and financial services company, Goldman Sachs in connection to ongoing matters arising from West Street Strategic Solutions Fund I.
  • Advising Permira in connection with its definitive agreement to take private NASDAQ-listed company, Mimecast Limited, in a transaction which values Mimecast at US$5.8 billion.
  • Advising on the fundraising of BlackRock’s European Middle Market Private Debt Fund III.

Goodwin

Goodwin‘s rapidly growing team is noted for its strength in the tax elements of M&A transactions, and fund structuring. Team lead Laura Charkin specialises in funds taxation, and is a leading name in matters related to REITs. David Irvine, who has expertise in structuring and restructuring transactions, and Dulcie Daly, whose focus is private equity, joined the team from Kirkland & Ellis International LLP in 2021. Katie Leah‘s practice includes real estate and private equity transactions, while Charlotte Haywood handles the structuring of European based private funds.

Practice head(s):

Laura Charkin


Other key lawyers:

David Irvine; Dulcie Daly; Katie Leah; Charlotte Haywood; Matthew Birchall


Testimonials

‘Smart, responsive and pragmatic approach to resolving transactional tax issues.’

‘Dulcie Daly comes across very well, both in writing and in conference – she is sharp and to the point, and focuses on getting the parties to the destination, rather than trying to prolong the debate over who is ‘most right on tax’.’

‘The team at Goodwin are very professional and always very responsive. They have worked in the PE industry for many years and are very capable at converting commercially agreed points into legal documents.’

‘Impressive size, calibre and experience of tax team. Goodwin’s investment in the UK market is noticeable in comparison to their peers.’

‘I have worked with Laura Charkin and Charlotte Haywood for a number of years. They are always proactive and practical and balance often technical questions and issues with a commercial and pragmatic approach.’

Key clients

Macquarie


Bregal Investments


Ambienta


TA Associates


Glennmont Partners


AKKR


Sky


Mayfair Equity Partners


LGT Capital Partners


TowerBrook Capital Partners


Work highlights


  • Advised Intermediate Capital Group on the fundraising of its eighth European Corporate fund. The Fund held a final close with a total fund size of €8.1 billion.
  • Advised Kadans Science Partner on the acquisition of a long leasehold interest at Canary Wharf’s North Quay, alongside the establishment of a development platform in joint venture with Canary Wharf Group.
  • Advised TowerBrook on its acquisition of Premium Credit Limited from Cinven.

Mishcon de Reya LLP

Mishcon de Reya LLP has particular strength in the real estate sector, and provide tax guidance on the full range of M&A, development and finance work. The group is also noted for its expertise in the betting and gaming, and recruitment sectors. Corporate tax specialist John Skoulding co-leads the department alongside real estate partner Jonathan Legg. Skoulding’s practice covers corporate, private equity and individual tax, while Legg’s tax focus is property investment, development, financing and funds work. Recent additions to the team include real estate tax specialist Ceinwen Hayes, who joined from Bryan Cave Leighton Paisner in September 2022.

Practice head(s):

John Skoulding; Johnathan Legg


Other key lawyers:

Gary Richards; Ceinwen Hayes; Stephen Elhabbal


Testimonials

‘Clear and effective legal advice from a team of solicitors who know and understand our business and our M&A strategy. Keen sense of market terms in negotiating deals.’

‘Handles good real estate work.’

‘Jonathan Legg is a recognised expert on real estate tax with a wealth of experience.’

Key clients

Daniel Emmerson and Peter Walsham


ECi Software Solutions, Inc


Elixir Distillers


Harvey Jones Holdings Limited


Derwent London Plc


Watkin Jones Plc


Fusion Students


Bridge Industrial


Brookfield


Topland Group


AEW


Brookfield’s ‘Student Roost’


Work highlights


  • Advised Derwent London on the tax aspects of its £260 million redevelopment of the Network Building on Tottenham Court Road, central London.
  • Acted for Watkin Jones on the tax aspects with regards to the forward funding of a £200m BTR scheme in Cardiff with Legal and General to deliver 715 apartments, which is one of the largest BTR deals in 2022.
  • Acted for Brookfield (including advising on tax) in relation to the £180 million acquisition of a 1.5 million sq ft UK logistics portfolio in a joint venture with Copley Point Capital.

Pinsent Masons LLP

Pinsent Masons LLP fields a team with a sector based approach, with expertise in the technology, infrastructure, energy, and financial services industries, among others. Eloise Walker leads the team, and is praised by clients for her ‘tax technical knowledge, deep experience of the financial services industry sector, overall energy and enthusiasm‘. Legal director Hatice Ismail, who previously worked as a partner at Simmons & Simmons, is a specialist in finance and investment fund taxation. Also key are legal director Penny Simmons, whose focus is corporate tax risk management, including corporate criminal tax offences, and senior associate Jamie Robson, who is additionally qualified as a Chartered Tax Advisor.

Practice head(s):

Eloise Walker


Other key lawyers:

Penny Simmons; Hatice Ismail; Jamie Robson


Testimonials

‘Speed (and accuracy) of response, depth of specialist knowledge in matters of relevance, allied to taking a practical and pragmatic view, too.’

‘Penny Simmons gives brilliantly frank and practical advice based on a very sound understanding of her subject matter. She regularly makes complicated scenarios seem simple and does the initial work of making tax accessible for our internal clients.’

‘Good grasp of fine details of a very detailed area of law (CRS) and the constantly recurring updates to same. Ability to communicate the issues clearly and provide practical advice and ensure that filing deadlines are met.’

Key clients

TotalEnergies


Red Ventures


M Group


Lloyds


Lend Lease


HSBC


Ithaca Energy


Condeco


Eni


RPMI Railpen


Work highlights


  • Advised Eni S.p.A on the creation of Azule Energy, a c.$7bn joint venture with BP in Angola. This is one of two major transactions undertaken for Eni this year alone.
  • Advised Ithaca Energy on its £2.5bn IPO and premium listing on the main market of the London Stock Exchange. The IPO is the largest UK IPO of 2022, the fifth largest IPO in Europe in 2022 and the largest energy IPO in the UK since 2012.
  • Advised Houlihan Lokey, the global investment bank, on its acquisition (via Houlihan Lokey (Europe) Limited) of Oakley Advisory Limited, an independent corporate finance advisory firm. The deal involved detailed tax advice on both a complex consideration mechanism and initial consideration of post-acquisition matters.

Proskauer Rose LLP

Proskauer Rose LLP covers tax elements of banking and finance, corporate and M&A, and real estate transactions, in addition to particular expertise in the private equity space. Robert Gaut leads the team, and has a broad practice which includes corporate tax structuring, real estate tax matters, and fund formation taxation. Also key are private equity specialist Stephen Pevsner, and London office managing partner Mary Kuusisto, who has expertise in both US and UK tax law. Catherine Sear advises managers and investors on private investment fund taxation.

Practice head(s):

Robert Gaut


Other key lawyers:

Stephen Pevsner; Mary Kuusisto; Catherine Sear


Testimonials

‘Lots of knowledge in the team on fund/asset management specific tax issues and more generally on corporate tax matters and group structuring.’

‘Depth of knowledge in the team is impressive.’

‘The team provides an excellent combination of technical abilities, general business, acumen, and strong interpersonal skills.’

‘Mary Kuusisto is a very strong, technical tax attorney that is also very personable, has a strong understanding of the business, and is very helpful.’

‘Outstanding expertise, very client centred, solution oriented, delivery within timeline.’

‘Very capable, very charismatic, very reliable, very efficient.’

Key clients

17Capital


Accor


Antin Infrastructure Partners


AnaCap


Ardian


Ares


Arkema Inc.


Blossom Capital


Deliveroo


EMK Capital


GIC and Blackstone Credit


G Square


Hg


Hollyport Capital


Lovell Minnick


Onex Falcon


Rubicon Partners


Top Tier


Work highlights


  • Advised Hollyport Capital on the formation of its latest fund, Hollyport Secondary Opportunities Fund VIII2, which closed above its target of $1.5 billion.
  • Advised Ares Management on the provision of financing for Eagle Football Holdings Bidco Limited’s acquisition of a significant controlling stake in Olympique Lyonnais Groupe SA.
  • Advised AnaCap Financial Partners on the spin out of its credit business to form Veld Capital. This was funded by the former AnaCap credit team and Trive, a US fund of GPs.

Ropes & Gray LLP

Ropes & Gray LLP‘s London tax team advises on the firm’s global level transactions, particularly in the key areas of private equity, fund formation, real estate and banking & finance. Team lead Brenda Coleman, who heads the European tax practice, is highly experienced in international tax planning. Andrew Howard specialises in financing transactions, and is a regular contributor to tax publications. Chris Agnoli has experience in cross-border M&A, employment tax issues, and real estate matters. Senior associate Benjamin Wonnacott joined from Goldman Sachs in 2021.

Practice head(s):

Brenda Coleman


Other key lawyers:

Andrew Howard; Chris Agnoli; Banjamin Wonnacott


Testimonials

‘The team are excellent transaction executioners. They want to understand what is important to the client, they reassure that your position will be protected, they do not create additional unnecessary issues and I have full confidence that they will go in to defend my position in a sensible and commercial way.’

‘Andrew Howard – a pragmatic leader who seeks out simplicity and efficiency. A valuable member of the team in all the work to date we have conducted.’

‘Chris Agnoli – has managed situations effectively to ensure escalation is only ever required when truly necessary.’

‘Super high quality team, technically very good, readily available and a joy to work with! Provide well integrated advice with their US tax colleagues.’

‘Brenda Coleman stands out. Loads of experience, quick and practical.’

Key clients

3i Group plc


AEA Investors


American Industrial Partners (AIP)


APG


Astorg


Athyrium


Audax Group


BPEA EQT


Cambridge Information Group (CIG)


Incus Capital


Intermediate Capital Group


New Mountain Capital


Partners Group


TPG


TSG Consumer Partners


Work highlights


  • Advised Astorg on the tax aspects of its acquisition of the Fastmarkets business division of Euromoney Institutional Investor, as part of a £1.61 billion acquisition of the financial publisher of Euromoney.
  • Advised funds affiliated with Baring Private Equity Asia on the tax aspects of its acquisition of Tricor Group. The transaction values Tricor at an enterprise value of $2.76 billion.
  • Advised Partners Group on the tax aspects of an innovative secondary transaction whereby Partners Group will become a strategic investor in Blue Phoenix Group, via an investment in Daiwa International Capital Partners’ first fund Daiwa ICP European Infrastructure 1.

Sidley Austin LLP

Sidley Austin LLP fields a tax team who ‘go the extra mile’  in key areas such as M&A, private equity, global finance and real estate. Oliver Currall leads the London department, and co-heads the firm’s wider European tax practice. Currall, who is qualified as a UK Chartered Tax Adviser, has particular expertise in private equity transactions. Jason Menzies is a key contact for M&A transactions, and Steve Quinn has notable expertise in finance and capital markets tax. Associate Avi Kaye joined from Gibson, Dunn & Crutcher in 2021.

Practice head(s):

Oliver Currall


Other key lawyers:

Jason Menzies; Steve Quinn; Avi Kaye


Testimonials

‘They go the extra mile and are very intelligent in what they do. They understand commercial reality and are there to help their clients.’

‘Oliver Currall and Avi Kaye. They are timely, accurate, commercial with a clear intent to help our clients.’

‘Strong tax practice on UK funds taxation.’

‘Oliver Currall is smart, commercial and works alongside you to get to the right place.’

Key clients

Apollo Global Management


Clearlake Capital


CNODC


Buckthorn Partners


GlaxoSmithKline Plc


CVC Credit


Colliers Global Investors


Discovery Education


TowerBrook Capital Partners


Commonwealth Asset Management


Work highlights


  • Advised Clearlake Capital Group, L.P. in its acquisition of Chelsea Football Club and related affiliates in a consortium co-led with Todd Boehly, Chairman and CEO of Eldridge.
  • Advised Apollo affiliates on their agreement to acquire Miller Homes Group Limited (Miller Homes) from Bridgepoint Group plc.
  • Advised One Equity Partners and Buckthorn Partners in connection with their acquisition of Amey UK plc from Ferrovial.

Stephenson Harwood

Stephenson Harwood's full service tax practice covers a broad range of both contentious and non-contentious matters. Team lead John Meehan specialises in funds, M&A, and structuring mandates. Kate Worthington, who made partner in May 2022, has particular experience in real estate transactions. Shofiq Miah joined from tax litigation boutique Joseph Hage Aaronson LLP in November 2022, and brings broad disputes expertise.

Practice head(s):

John Meehan


Other key lawyers:

Kate Worthington; Shofiq Miah


Testimonials

‘John Meehan really knows his stuff – commercial, accessible and great to work with.’

Key clients

Schroder Real Estate Investment Trust/Schroders Capital UK Real Estate Fund


Bowmark


M&G


Immobel Capital Partners


Macquarie


Kroll


Drakewood Capital Management


Covanta


AXA Investment Management


Tristan Capital


Work highlights


  • Advised WindAcre Partnership LLC on its participation in the acquisition of Nielsen Holdings plc by way of a UK-court approved scheme of arrangement.
  • Advised M&G Real Estate on its acquisition of nine multi-let industrial assets from Patrizia for £165 million.
  • Advised Tristan and Rynda on a £100m + corporate real estate acquisition, leaseback and development comprising the acquisition and leaseback of 5 care homes some of which were under development.

Taylor Wessing LLP

Taylor Wessing LLP‘s growing team advises on tax elements of a broad range of high value and cross-border transactions, and has notable sector expertise in the technology and life sciences, private wealth, and real estate industries. Team lead Graham Samuel-Gibbon advises multinational clients on both transactional and non-transactional tax, and has particular strength in tax issues related to IP rights. Peter Jackson is a key contact for the real estate and private wealth sectors, while Liz Wilson additionally covers private equity and technology, media, and communications. James Ross advises on M&A transactions and corporate restructurings.

Practice head(s):

Graham Samuel-Gibbon


Other key lawyers:

Peter Jackson; Liz Wilson; James Ross


Testimonials

‘Technically superb and critical to the successful outcome of the transaction, providing guidance and support to the trustee on all matters relating to the deal. I felt I was superbly advised.’

‘Liz Wilson in the corporate tax team is super sharp, technically superb, with clarity of delivery on difficult matters.’

‘Efficient, focusing on the issues, working hard, clever solutions.’

‘Graham Samuel-Gibbon has been my key contact. He is a brilliant tax expert, focusing on the relevant issues, providing solutions, and communicating well.’

Key clients

TodayTix Group


Damn Brewery (UK) Limited


Cain International


Kantox Holding, Ltd


Eneus Energy Limited


Management team of Theramex


Terrascope Limited (Trading as FATMAP)


Rockpool Investments


Anne’s Day Limited


Lightbulb ES Limited


Work highlights


  • Acting for US-based e-commerce group TodayTix on its acquisition of UK immersive film and television company, Secret Cinema.
  • Advising Eneus Energy on its $3bn Investment Agreement with US private equity firm Carlyle and Singaporean sovereign wealth fund GIC.
  • Acting for Cain International on its £550m logistics portfolio acquisition from Firethorn Trust.

Bird & Bird LLP

Bird & Bird LLP fields a team with a strong sector focus, emphasising the energy, fintech, and retail industries. Team lead Zoe Feller specialises in corporate, asset finance and structured finance transactions, and is described as ‘simply brilliant’ by clients. Other core team members include legal directors Caroline Brown and Simon Gough, as well as associate Andrew Rink.

Practice head(s):

Zoe Feller


Other key lawyers:

Caroline Brown; Andrew Rink; Simon Gough


Testimonials

‘The team is very client focused and commercial. All deals are appropriately resourced.’

‘Zoe Feller is simply brilliant – able to apply her technical knowledge within a commercially/client focused environment.’

‘Very impressive breadth of knowledge, reactivity, international reach and commercial understanding.’

‘Zoe Feller is an excellent tax lawyer whose years of experience working in-house have given her an invaluable understanding of both client internal organisational structures and the priorities of, and demands on, her client-contacts.’

Key clients

Safex Holdings UK Limited


Work highlights


  • Advised Safex Chemicals India Limited, on its EUR 83m acquisition of Briar Chemicals Limited. Advised on all tax issues, including negotiating the tax provisions of the W&I policy.

Cadwalader, Wickersham & Taft LLP

The ‘responsive’ and ‘experienced’ team at Cadwalader, Wickersham & Taft LLP acts for high profile multijurisdictional clients on a diverse range of tax matters. Department head Adam Blakemore covers a broad range of financing transactions, and has experience in debt restructurings and corporate reorganisations. Catherine Richardson advises on a range of international debt and capital markets transactions.

Practice head(s):

Adam Blakemore


Other key lawyers:

Catherine Richardson


Testimonials

‘The corporate tax team has an exhaustive knowledge of tax related issues impacting indirect real estate investment, among many other areas. They’re very practically oriented and are focused on finding workable solutions to complex tax challenges, making them best-in-class in the tax field.’

‘The tax group I work closely with is very open, responsive and thorough – always willing to help sort through complex tax issues related to real estate investment vehicles’ structure and operations in both EU member states and in the UK.’

‘Cadwalader has an experienced tax team. The team is very responsive and provides high-quality advice on complex matters.’

‘Adam Blakemore is very good at explaining and addressing complex tax issues in securitisation transactions. He and Catherine Richardson are very responsive and able to advise on a variety of matters and taxes.’

‘Superb CLO and securitisation tax practice.’

‘Leading tax expert Catherine Richardson, excellent technical expertise.’

‘Deep understanding of diverse industry sectors, staying ahead of regulatory changes.’

‘Thinking outside of the box and providing useful advice.’

Key clients

Bank of America


Barclays Bank PLC


Bridgepoint Credit


Citibank


Civitas Social Housing


CQS Investment Management


CVC Credit Partners LLC


Deutsche Bank AG


Greencoat Renewables PLC


Hayfin Capital Management


HPS Investment Partners


Investec Bank plc


Jefferies International Limited


Pepper Money


Residential Secure Income PLC


Voya Investment Management


Work highlights


  • Advised GC Securities as arranger of a landmark terrorism risk-linked “catastrophe” bond.
  • Advised Residential Secure Income PLC on its £20 million equity raise pursuant to a Placing and a Retail Offer, and its Admission to the Official List and trading on the London Stock Exchange’s Main Market for Listed Securities.
  • Advised Greencoat Renewables PLC, a Euronext/AIM listed renewable energy infrastructure fund, on its £281.5 million equity raise pursuant to an oversubscribed placing.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton advises prominent clients, including major banks and financial institutions, on a range of M&A transactions. The group works closely with the firm's international network of offices to advise on multinational matters. Team lead Richard Sultman focuses on tax elements of M&A, corporate finance, and capital markets transactions.

Practice head(s):

Richard Sultman


Key clients

3M


Alstom


BNP Paribas


Brookfield Asset Management


Euronext


Goldman Sachs


Google


The Government of Barbados


GlaxoSmithKline (GSK)


Hillhouse Capital


JP Morgan


Mubadala Investment Company


OCI N.V.


Qatar Investment Authority (QIA)


Sixth Street Partners


TPG Capital


Veolia Environnement


Walgreens Boots Alliance


Work highlights


  • Acted as tax adviser to Veolia Environnement in its sale of Vigie’s (formerly Suez) UK waste business to Suez for approximately £2 billion.
  • Acted as tax adviser to Infinite Electronics in the acquisition of Bulgin, which was made via competitive auction run by a private equity seller.
  • Acted as tax adviser to Johnson Controls in its acquisition of Asset Plus Energy Performance, a specialist provider of energy reduction and zero-carbon measures for the UK public sector.

Clyde & Co

The ‘highly experienced tax team‘ at Clyde & Co work across the tax elements of M&A, real estate, insurance, and employment, with further expertise in tax disputes and tax professional negligence. Team lead Ray Smith, who is described as ‘a partner willing to go the extra mile for clients‘, advises on a broad range of contentious and non-contentious tax matters. David Blumenthal covers all aspects of corporate, real estate, and financing transactions. Legal director Malcolm Frost and associate Farhad Shahidi both joined the firm from positions within HMRC.

Practice head(s):

Ray Smith


Other key lawyers:

David Blumenthal; Malcolm Frost; Farhad Shahidi; Alice Parsons


Testimonials

‘A highly experienced tax team with in-depth knowledge and experience, and a firm of the highest rectitude with great client handling skills. A highly reputable and trustworthy firm with a good reputation.’

‘Ray Smith is an enormously experienced tax partner with great interpersonal skills, very likeable and very bright who gives excellent and well-balanced impartial advice that clients can safely rely on. A partner willing to go the extra mile for clients. David Blumenthal is another experienced and technically outstanding and very bright tax partner.’

‘The tax partners I deal with are technically brilliant, helpful, innovative, able to de-mystify technical items, solution driven, have a deep industry expertise. I would definitely want them on my side in an M&A deal for all tax matters. The firm has a global footprint, so can offer practical as well as technical knowledge to support queries.’

Key clients

Grainger plc


The founders of Evora Global Limited


Egis SA


Founders of LDPath


Native Land Limited


Chatsworth School


Borough Council of King’s Lynn and West Norfolk


Connected Living London


Osborne Development Holdings Limited


PGIM


Work highlights


  • Acted for Native Land Limited on the tax aspects of the corporate acquisition and the ownership/JV structuring and continue to act on the legal and estate management structuring of the Bankside Yards in London.
  • Assisted Borough Council of King’s Lynn and West Norfolk with the real estate law and certain tax aspects of the project and the structuring of arrangements between the 21 landowners to ensure the comprehensive and cohesive development of The South East King’s Lynn Strategic Growth Area with a fair financial return for all involved.

Cooley (UK) LLP

Cooley (UK) LLP's highly international tax team is extremely active in complex M&A transactions, and provides key expertise in cross-border capital markets and private equity matters. Department head Natasha Kaye's practice covers both advisory and transactional matters, and has private equity as a key focus. David Wilson advises on M&A, debt financing, and reorganisations. Associate Jack Jones is a name to note.

Practice head(s):

Natasha Kaye


Other key lawyers:

David Wilson; Jack Jones


Testimonials

‘Their key strength to my mind is their practical mindset. The team were always willing to give their insights into particular challenges we faced & brought a collaborative approach to getting to answers were acceptable to all parties. They do a great job of sorting the key points from the noise so that a deal doesn’t get bogged down in immaterial minutiae.’

‘There was a modesty and practicality to the team at Cooley that was noteworthy and made working with them a smooth experience. Compared with many other firms, there was a distinct lack of grandstanding. I believe they focused on adding value in everything they did rather than trying to maximise fees at the client’s expense. I was very impressed and would use again.’

‘The Cooley team was great in helping us navigate the complexities and local practices of a UK acquisition. They increased my personal knowledge base considerably and were extremely responsive, practical and diligent.’

‘David Wilson was a great resource. Always responsive, always willing to spend extra time to educate and help us understand the rationale and risks associated with the transaction and our ongoing presence in the UK.’

‘Collaborative style working with counsel on the other side and getting to a good solution.’

‘Natalia Kay – very pragmatic, simple explanations, reach solutions.’

‘Cooley have been a great business partner and I have found working with them, in some ways, comforting (which is extremely rare for legal-types). In so much as I trust the team are competent, pragmatic, willing to be flexible and driven to achieve the best possible outcomes on my behalf.’

‘Natasha Kaye has been my primary point of contact and embodies all the positive qualities mentioned above. In particular, Natasha was able to ensure that UK tax law was at the forefront of a US-led project – not easy – and in this case, absolutely essential to the success of the project.’

Key clients

Amryt Pharma plc


2C2P


Snap


Yum! Brands, Inc


Karo Pharma AB


Immunocore Holdings plc


Eagle Pharmaceuticals, Inc


ONE Finance


Battery Ventures


DJS Antibodies Ltd


Ascend Gene Therapy


Zealand Pharma


Endava plc


Professional Fighters League, LLC


Nasuni Corporation


UiPath


Work highlights


Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP fields a team of senior practitioners, with particular strength in M&A and corporate financing transactions. Department head Jonathan Cooklin, who is additionally qualified as a chartered accountant, has experience in the full spectrum of corporate tax planning. Dominic Foulkes, who made partner in July 2023, advises domestic and international clients on a range of transactions. Other personnel changes include the July 2023 recruitment of associate Patrick O’Donovan, formerly of Weil, Gotshal & Manges (London) LLP.

Practice head(s):

Jonathan Cooklin


Other key lawyers:

Dominic Foulkes; Patrick O’Donovan


Key clients

Lloyds


Comcast


NatWest


J.P. Morgan


AstraZeneca


The Brink’s Company


Clarivate


Goldman Sachs


IHS Markit


Tencent


Morgan Stanley


UBS


Ferrero


Reliance Industries


NewMed Energy


Verisk


Atairos


Neovia Logistics


Viva Wallet


SS&C Technologies


Work highlights


  • Advised Maersk Drilling on its $3.5 billion merger with Noble Corporation.
  • Advised Neovia Logistics on its recapitalisation.
  • Advised Gilead Sciences on its $405 million acquisition of MiroBio.

Dechert LLP

Dechert LLP offers key tax expertise across private equity transactions, corporate M&A, and investment management. Highly experienced department head Mark Stapleton is a prominent name in tax matters related to offshore funds and investment management, including at the international and global level. Daniel Hawthorne handles a broad range of transactions, and has additional knowledge of employee taxation. Senior associate Nicolas Kokkinos is a key name.

Practice head(s):

Mark Stapleton


Other key lawyers:

Daniel Hawthorne; Nicolas Kokkinos; Mansi Seth


Testimonials

‘The team was always well-prepared for all our meetings, having clearly had pre-meetings beforehand, and often provided a range of options for us to discuss.’

‘People have a friendly yet professional demeanour. They also seem to be extremely knowledgeable in their field.’

‘The team is technically very strong, but also very approachable and personable. This is not always the case with large global firms.’

‘We deal with Mark Stapleton and Dan Hawthorne. Both are technically strong, but very approachable. They believe in fast response times, which is very worthy of note.’

Key clients

Chiesi Farmaceutici


Cerus Endovascular


Work highlights


  • Advised Chiesi Farmaceutici S.p.A. in its definitive agreement to acquire Amryt Pharma Plc in an all-cash transaction valued at US$1.48 billion.
  • Advised Cerus Endovascular Limited in its negotiated sale to Stryker Corporation, by way of a scheme of arrangement under Part 26 of the United Kingdom Companies Act 2006.

Greenberg Traurig, LLP

Greenberg Traurig, LLP‘s tax team specialises in high profile corporate transactions, including M&A, investment fund structuring, and real estate matters. Graham Iversen leads the department, and has experience in M&A, restructurings, and financing transactions. Charles Case has key expertise in funds tax, and Ben Eaton is highly experienced in real estate tax. Clive Jones advises on a broad range of domestic and international transactions. Jessica Ganagasegaran made shareholder in 2022.

Practice head(s):

Graham Iversen


Other key lawyers:

Ben Eaton; Charles Case; Clive Jones; Jessica Ganagasegaran


Key clients

Precede Capital Partners


Blackrock Real Assets


Revcap


The Ardent Companies


PATRIZIA SE


Trinity Investment Management


Valor Real Estate Partners


Paloma Capital


Oxford Technology Park Limited


BlackRock Investment Management (UK) Limited


Crosstree Real Estate Partners


Auriens/Zenprop


Zenprop


Nostrum Oil & Gas plc


Cartesian Growth Corporation


Westwind Capital


JR Capital


Work highlights


  • Acting as lead global tax counsel for Revcap, advising on the structuring of various joint ventures and investment platforms with a number of capital partners and on acquisitions made by those joint ventures and platforms.
  • Advising BlackRock on the establishment of a life sciences investment fund vehicle valued at over GBP 1 billion together with associated carried interest arrangements.
  • Advising Cartesian Growth Corporation on its business combination with UK-based Alvarium Investments and Tiedemann Group, with the transaction valuing the combined company at a post-transaction equity value of approximately USD 1.4 billion.

McDermott Will & Emery UK LLP

McDermott Will & Emery UK LLP acts on both corporate and personal tax matters for a range of international clients, offering multijurisdictional support. Team lead Kevin Cummings has expertise in capital markets, banking, and private equity matters. Sarah Gabbai made counsel in January 2023, and is particularly active on behalf of multinational technology, healthcare and life sciences clients.

Practice head(s):

Kevin Cummings


Other key lawyers:

Sarah Gabbai


Testimonials

‘Kevin Cummings is a proactive advisor which gives us comfort that we, as a client, aren’t falling behind the curve relative to peers. Kevin invests in the relationship, which means he is able to hone in on the real issues that are truly relevant.’

A friendly and dynamic team which is always professional and collegiate with opposite counsel, with an unwavering focus on completing the transaction.’

‘Kevin Cummings is an exceptional lawyer. He is outstanding in his ability to understand client needs and flags points for client consideration, and provides a robust sounding board. He is friendly, focussed and very pragmatic. He has excellent market knowledge and always happy to share information and discuss what is happening in the market.’

‘First class subject knowledge, commitment to the client and industry insight make the McDermott team a standout in the corporate tax world.’

‘Kevin Cummings is an absolute standout. Completely first-rate knowledge, experience and commitment to finding solutions for clients.’

‘A firm which demonstrates a seamless collaboration between their UK and US teams. They understand that we need joined-up cross-border advice for cross-border issues. Having the client relationship in London keeps it simple rather than providing administrative irritations.’

Key clients

TA Associates


Auctus Capital Partners


BehaVR, Inc.


Puttshack Ltd


Great Point Partners


Maitland International Partners


WEP Clinical


Pritzker Private Capital


Pro bono initiative – Disguised Remuneration Settlement


Opportunity Proposal


Fortune Brands Home & Security, Inc.


Unigestion


Naxicap Partners and Eqwal Group


Summit Partners


Ampersand


British Asian Trust


SilverTree Equity


BT Pension Scheme


CFA Institute


Cygnet Healthcare


Centene Corporation


Management of Unilabs


Eight Roads Holdings


Signa Sports United


Management of Winncare


Work highlights


  • Represented TA Associates, a leading Boston-based private equity firm, in its acquisition of Smiths Medical, the medical devices and technologies business of the Smiths Group plc.
  • Represented BehaVR in its merger with OxfordVR, a UK-based spin-out of Oxford University and backed by Oxford Science Enterprises and Optum Ventures.

Milbank

Milbank has expertise in M&A and private equity transactions, in addition to notable strength in financial restructuring matters. Aviation taxation is a key niche area for the team. Highly experienced partner Russell Jacobs leads the team, and advises on a diverse range of corporate and finance transactions. Core team members include special counsels Andrew Callaghan, who has a particular focus on private equity transactions, and Alan Rafferty, whose practice includes restructurings, joint ventures, and capital markets transactions. Associates Cosmos Fung and Fareed Muhammed are key names.

Practice head(s):

Russell Jacobs


Other key lawyers:

Andrew Callaghan; Alan Rafferty; Cosmos Fung; Fareed Muhammed


Testimonials

‘I worked with Alan Rafferty on a number of extremely complicated transactions. He was thorough, precise, knowledgeable. He responded quickly and could explain the complexities clearly. I’ve worked with many of the major tax lawyers (including partners at all magic circle firms) and rank Alan Rafferty very highly.’

‘Alan Rafferty is technically superb, very responsive and writes clearly. He is an exceptional performer all round.’

 

Key clients

Avianca


Maverick Aviation Partnership LP (an investment vehicle managed by Carlyle Aviation Partners)


SKY Leasing


Summit Partners


Fortress Investment Group


Flender


Sartorius


The Lenders to Schur Flexibles Group


Work highlights


  • Acted on Avianca Holdings S.A.’s proposed acquisition of an interest in Colombian airline Viva, a proposed merger with Brazilian airline GOL and various other strategic transactions.
  • Advised Maverick Aviation Partnership LP in connection with an agreement to acquire AMCK Aviation’s (“AMCK”) portfolio of aircraft and the related regulatory, tax and other structuring considerations.
  • Represented The Export–Import Bank of Korea, Korea Trade Insurance Corporation, Euler Hermes, and a consortium of international commercial banks in the US$2 billion financing for SK On’s latest Gigafactory plant in Ivancsa, Hungary.

Osborne Clarke LLP

Osborne Clarke LLP‘s team works with other offices in the UK and internationally to provide support in key areas such as private equity, financial services, and technology, media, and communications. The department is jointly led by Mathew Oliver, who is particularly active on behalf of IP rich companies and emerging businesses, and David Nisbet, whose focus is the private equity industry. Associate director Rob Thomas joined from Latham & Watkins in March 2021.

Practice head(s):

Mathew Oliver; David Nisbet


Other key lawyers:

Mathew Oliver; David Nisbet; James Hamon; Rob Thomas; Alex Makinson


Testimonials

‘The team was always very clear and responsive and eager to help fix issues that came up in a commercial and practical way whilst still maintaining technical excellence.’

‘Alex Makinson is a superstar in the real estate tax world and deserves much greater recognition for his fast and technically superb, commercial tax advice.’

‘Matt Oliver is a machine.’

‘Alex Makinson is always there to provide superb, in-context, tax advice which helps me do my job properly.’

Key clients

Tenzing


Kester Capital


Synova


LDC


Growth Capital Partners


Astrak Group


Risk point


Foresight


Ultra Electronics


BioNtech SE


Work highlights


  • Advising LDC and the Plimsoll Productions management team on the sale of a majority interest in Bristol-headquartered Plimsoll Productions to ITV plc.
  • Advising Synova and the company’s management team on their sale and further investment into the Mintec group.
  • Advising Humanstate Limited on the UK tax aspects of the sale of the international PayProp group of companies.

Paul Hastings LLP

Paul Hastings LLP is active for major financial institutions and private funds in a range of transactions, including disposals and M&A. Team lead Arun Birla is second managing partner of the firm, and has played a key role in the development of securitisation legislation. Jiten Tank is experienced in both domestic and international tax matters, and covers a range of transactions. Associates Jee Yoon Chung and Abigail Hung are core team members.

Practice head(s):

Arun Birla


Other key lawyers:

Jiten Tank; Abigail Hung; Jee Yoon Chung


Testimonials

‘Very helpful and knowledgeable. There are no issues that are beyond their service and they assist us from cradle to grave on transactions.’

‘They provide confidence and give us the ability to look at other things knowing that our legal advisers have got it all covered.’

Key clients

Activum SG


Oakley Capital


Abry Partners


Pantheon


Centerbridge


Vector


Francisco Partners


Work highlights


  • Assisted Activum SG with the closings of Fund VI and Fund VII and has also worked closely with them in dealing with the ongoing tax structuring aspects of their funds.
  • Represented Oakley Capital Fund III on its merger of Grupo Primavera with Cegid and its reinvestment, alongside Silver Lake and KKR in the combined structure.
  • Advised Symphony Technology Group on the acquisition of Alveo (rebranded from Asset Control in 2020) from Sovereign Capital.

Reed Smith LLP

Reed Smith LLP's tax department has sector specialisms across key areas such as entertainment & media, financial services and transportation. Caspar Fox leads the team, and has particular strength in advising on cross-border M&A transactions. Gareth Amdor has significant experience in the private equity sector. Counsel Laura Gould has expertise in employee tax incentives.

Practice head(s):

Caspar Fox


Other key lawyers:

Gareth Amdor; Laura Gould; Harrison Stimson


Testimonials

‘The team has a good understanding of the tax complexities of setting up employee benefit schemes, was able to address questions and concerns and co-ordinate a number of parties to ensure efficient delivery within a short timeline.’

‘Gareth Amdor is very personable, explains concepts and workflows carefully. He has found solutions to issues, both from a legal and practical perspective.’

‘I particularly appreciate the customer-oriented attitude of Reed Smith’s teams. They are always very responsive and are happy to make the extra mile to help on some topics requiring more guidance/advices.’

Work highlights


Akin

Akin fields an ‘exceptional’ team with key strength in the financial services sector. Team lead Stephen Brown has expertise in the private equity sector, and works with both domestic and international clients. Serena Lee covers a broad range of corporate and finance transactions, including reorganisations and restructurings. Matthew Durward-Thomas made partner in January 2023.

Practice head(s):

Stephen Brown


Other key lawyers:

Serena Lee; Matthew Durward-Thomas


Testimonials

‘Very personable yet very technical – not always a given for tax practitioners!’

‘Matthew Durwand-Thomas stands out as extremely easy to work with, reliably technical and with a curious mind able to debate issues such that you have full confidence in the end advice.’

‘Stephen Brown is exceptional. Stephen is the best in the business for, among other things, Long Term Incentive Plans/Management Incentive Plans’

‘The Akin Gump tax team is exceptional. It has a good mix of knowledge from lawyers having worked with HMRC and from advising corporates. The team has masses of energy as well as knowledge of the subject matter, and are really great people to work with.’

‘Serena Lee is excellent. She knows the law inside out and is able to see things so clearly when giving advice. Her experience means she can see things from all sides, and can spot things with other people don’t. She is also such a hard worker and is prepared to do whatever it takes to deliver for her clients.’

Key clients

Palliser Capital


Royalty Pharma


The private placement noteholders of NAC Aviation 29 DAC


Quinbrook Infrastructure Partners


Ad Hoc Committee of Noteholders of intu Metrocentre Finance PLC


Fortenova Grupa d. d.


VPI Holding Ltd


Ad hoc committee of noteholders of Nostrum Oil & Gas PLC


Ad Hoc Group of Noteholders of Avanti Communications


Ad Hoc Group of Noteholders of Seadrill New Finance Limited


Expedition Holdings and Expedition Growth


Nordic Aviation Capital


Edison Energy LLC


Work highlights


  • Advised the private placement noteholders of NAC 29, a subsidiary of Nordic Aviation Capital, in connection with a lender-led restructuring of the group’s existing c.$6bn debt.
  • Advising Royalty Pharma on a range of complex multi-jurisdictional tax issues in relation to its novel, multi-billion dollar “Up-C” structure, headed by a NASDAQ listed UK PLC, as well as structuring new and existing investments to optimise the investment structure.
  • Advised Quinbrook Infrastructure Partners on fundraising for its UK fund, financing arrangements, structuring carry and incentive arrangements, and with ad hoc investment advice.

Bristows LLP

Bristows LLP advises clients on tax elements related to a broad range of transactions, and has a particular focus on the technology and life sciences, and media and brands sectors. Highly experienced practice head Miranda Cass handles transactional, advisory, and contentious tax matters. Julia Cockroft, who made partner in May 2023, advises on corporate and real estate tax matters.

Practice head(s):

Miranda Cass


Other key lawyers:

Julia Cockroft


Testimonials

‘The team is focused, commercial, proactive and comprehensive. They are excellent communicators.’

‘A delight to work with. Highly knowledgeable and charming to boot.’

‘Miranda is excellent with clients and really knows her away around the tax code!’

‘The firm is particularly skilled in supporting venture-backed, high-growth, high-tech companies.’

‘The individual attorneys do a great job operating in the fast-paced environment, with the practical orientation mind-set that requires.’

‘A valued practical bridge between technical tax experts, other side advisers and in-house contacts.’

‘Julia Cockcroft – responsive and practical, whilst also mindful of the technical position.’

Key clients

Waterland Private Equity


The Francis Crick Institute


WPP


AstraZeneca plc


Blue Diamond


NuCana PLC


UCL Business


IXICO PLC


OMass Therapeutics Ltd


Syncona


Adthena


Deep Matter PLC


Wild Bioscience Limited


Frontier Economics


Orca Computing Limited


Smith & Nephew plc


Lumera AB


The Priory Group


Autogen A.I.


NeuHealth Digital


Flokk AS


eEducation Albert AB


Work highlights


  • Advised Sure, a mobile network provider in the Channel Islands, on the acquisition of Airtel-Vodafone Limited from Indian communications giant, Bharti Global Limited.
  • Advised our longstanding client, Intelligent Fingerprinting Limited, on the merger with NASDAQ-listed life sciences company, Intelligent Bio Solutions Inc.
  • Advised ORCA Computing Limited on their $15 million series A financing. ORCA is a quantum computing company spun out of the University of Oxford.

Burges Salmon LLP

Burges Salmon LLP's tax team works closely with other departments within the firm to provide key support on major corporate and real estate transactions. Team lead Ian Carnochan covers all areas of corporate, real estate, and commercial tax, and is experienced in both domestic and international transactions. Hilary Barclay has expertise in corporate and financing transactions.

Practice head(s):

Ian Carnochan


Other key lawyers:

Hilary Barclay; John Barnett


Testimonials

‘Have been referred across on several occasions (to Hilary Barclay and Ian Carnochan) and been impressed with technical knowledge and commitment to client service.’

‘Ian Carnochan is a real scholar of the field and able to anticipate likely challenges HMRC might raise. Hilary strikes me as a good combination of technical expertise and pragmatism.’

‘Genuine Magic Circle pedigree but set within a real world, practical approach. They are also great people to work with!’

‘Hilary Barclay is simply brilliant. She leaves no stone unturned and I always feel that I am getting a solid, well thought out view every time.’

‘Clear advice, flexibility, and prompt follow up.’

‘Ian Carnochan – strong technical ability, commercial focus and diligent write-ups.’

Key clients

Bluefield Solar Income Fund


Founder shareholders of Firebrand Training Limited


Arena Coventry (Administrators)


svt Holding GmbH


Virgin Management Limited


Embark Group Limited


Work highlights


  • Advised Bluefield Solar Income Fund on the acquisition of a portfolio of solar and wind assets across the UK from a UK-based fund. We also assisted with a refinancing of the Bluefield group in contemplation of the transaction.
  • Advised the ACL Companies and joint administrators, Andrew Sheridan and Raj Mittal, partners at specialist business advisory firm FRP Advisory, on the pre-pack sale of the ACL Companies’ business and assets, including ownership of the Coventry Building Society Arena, to entities controlled by Frasers Group Plc.
  • Advised Virgin Management Limited (VML) in connection with its acquisition of the iconic Whitfield Studios, 31-37 Whitfield Street, London for use as the Virgin Group’s new London headquarters.

Jones Day

Jones Day advises on tax elements of a broad range of transactions, including M&A, financings, securitisations, and restructurings. The group has long term-relationships with a number of premier private equity clients. The team is co-led by real estate and M&A tax expert Blaise Marin-Curtoud, and Anthony Whall, who is experienced in both domestic and international tax matters.

Practice head(s):

Blaise Marin-Curtoud; Anthony Whall


Testimonials

‘Very responsive and easy to get hold of. Explain things in plain English. Take a commercial view.’

‘Blaise knows us, our group structure and portfolio very well and how we manage our business so he can tailor his advice accordingly. Provides initial feedback promptly at a high level so we can then scope out where risks lie and where further work is needed.’

Key clients

Goodstone Living


Pictet


J.F. Lehman


Macquarie Asset Management


LaSalle Investment Management


CBRE Investment Management


Greystar


Aurelius Investment


Sun Communities, Inc


Ansys, Inc


Work highlights


  • Advised Macquarie Asset Management on the tax aspects of its acquisition of Suez Recycling and Recovery UK Group.
  • Advised Greystar on the tax aspects of the creation of a joint venture platform with Vía Célere for build-to-rent housing units in various locations in Spain, and the acquisition of the seed assets from Vía Célere.
  • Advised Aurelius group on their acquisition of the filter and tapes tobacco business of Essentra plc, including a hybrid tax covenant dealing with insured and non-insured risks across multiple jurisdictions.

Mayer Brown International LLP

Mayer Brown International LLP‘s highly international practice has expertise in tax matters relating to M&A, debt fund structures, private equity, and a range of real estate transactions. Areas of strength for lead partner James Hill include tax aspects of M&A and corporate finance, in addition to employment matters and intellectual property tax. Solicitor and Chartered Tax Advisor Simon Rose and transactions specialist Matthew Mortimer are key contacts. Kitty Swanson has experience in complex multinational transactions.

Practice head(s):

James Hill


Other key lawyers:

Simon Rose; Matthew Mortimer; Kitty Swanson


Key clients

Beazley plc


Sotheby’s


Shearwater Group


Unilever


CDK Global, Inc.


Convex Group


Aurelius


Work highlights


  • Represented private equity firm Aurelius on its successful acquisition of McKesson UK the parent company for LloydsPharmacy in a complex carve-out from US healthcare company McKesson Corporation.
  • Advised reinsurance group Convex on the design and implementation of a wide range of investments into various fund structures.
  • Advised Inspirit Capital in connection with its acquisition of the civil training business of Babcock International plc.

Morgan, Lewis & Bockius UK LLP

Morgan, Lewis & Bockius UK LLP's tax practice advises on a range of transactions and disputes, in addition to coverage of senior executive remuneration, day-to-day tax planning, and compliance issues. Team lead Kate Habershon has a comprehensive corporate tax practice, which includes advising on private investment funds. Neil McKnight and associate Grace Tan are key names. Todd Smith joined in October 2022 from the Abu Dhabi Investment Authority.

Practice head(s):

Kate Habershon


Other key lawyers:

Todd Smith; Neil McKnight; Grace Tan


Key clients

Selina Hospitality PLC


Brink’s Limited


Regent


AmerisourceBergen Corp


Blackstone Mortgage Trust


Work highlights


  • Represented Selina Hospitality PLC in its merger with BOA Acquisition Corp., a publicly traded special purpose acquisition company (SPAC).
  • Represented AmerisourceBergen Corp. in two transactions with its largest stockholder, Walgreens Boots Alliance.
  • Advised Blackstone on UK and US tax structuring issues on an innovative £1 billion “back leverage” repack to repo facility for a listed real estate finance company.

Morrison Foerster

Morrison Foerster's tax practice works closely with the firm's M&A, private equity, and venture capital groups to provide key support. The department is jointly led by highly experienced partner Trevor James, who has a particular focus on the technology sector, and M&A and private equity specialist Sophie Allen. Associate Kirsten Banks is a key contact.

Practice head(s):

Trevor James; Sophie Allen


Other key lawyers:

Kirsten Banks


Testimonials

‘The team provides commercial and pragmatic advice.’

Key clients

Cambridge Quantum


eBay


Endurance Acquisition Corp.


SoftBank


Tate & Lyle PLC


SoundCloud


Work highlights


  • Advised Cambridge Quantum on the tax aspects of its combination with Honeywell Quantum Solutions, to form quantum computing hardware and software provider Quantinuum.
  • Advised eBay, one of the world’s largest e-commerce marketplaces, on the tax aspects of its acquisition of KnownOrigin, a leading non-fungible token (NFT) marketplace founded in 2018 in Manchester, UK.
  • Advised Endurance Acquisition Corp., a NASDAQ-listed special purpose acquisition company formed by an affiliate of Antarctica Capital, on the tax aspects of its merger with SatixFy Communications Ltd.

Shearman & Sterling LLP

Shearman & Sterling LLP advises prestige clients on a range of high value international transactions. Areas of strength for the group include M&A, capital markets transactions, and structured finance and securitisations. Team lead Simon Letherman advises on a broad range of European and international transactions. Counsel Michael Ward covers finance transactions, M&A, and investment fund structuring.

Practice head(s):

Simon Letherman


Other key lawyers:

Michael Ward


Testimonials

‘The entire tax team is tuned into key international tax / structuring issues.’

‘Michael Ward is very good on indirect tax aspects and international tax issues generally and he is very solutions-oriented.’

‘Very approachable and responsive, concise yet thorough and accurate advice – just a great firm to work with!’

Key clients

Anglo American


Liberty Global


Barclays


ADNOC


Sasol Limited


Ardagh


IFC


Profile Products LLC


Apollo Management International


BBVA


VICE Media


Chevron


The Olayan Group


BNP Paribas


Work highlights


  • Advised Anglo American on its combination with First Mode Holdings, Inc.
  • Advised Liberty Global on its acquisition of 1,335,000,000 shares in Vodafone Group Plc representing 4.92% of the outstanding share capital (excluding treasury shares).
  • Advised Barclays Bank PLC as senior security agent and senior facility agent and administrative agent in connection with new USD1.2bn and EUR 800m term loans under INEOS’s existing cross-border multicurrency credit agreement.

Watson Farley & Williams LLP

Watson Farley & Williams LLP advises on transactions and disputes, and has key expertise in the maritime sector. Team lead Richard Stephens is a leading name for maritime tax, and advises on tonnage tax and the operations of international cruise companies. Claire Miles joined the group from Willkie Farr & Gallagher (UK) LLP in February 2023.

Practice head(s):

Richard Stephens


Other key lawyers:

Claire Miles


Key clients

Eurazeo


NIBC


Entrust Global


Work highlights


  • Advised the Eurazeo Sustainable Maritime Infrastructure fund on the sale and leaseback of the jack-up wind farm support vessel ‘Thor’ for German shipping and logistics group Harren & Partner.
  • Advised NIBC Bank on the sale of its offshore energy portfolio to an undisclosed buyer. The entire portfolio was originally valued at €1.5bn and comprises assets across Europe and the US.
  • Advised the private equity fund, EnTrust Global on its acquisition of Maas Capital Shipping B.V., the private equity platform of ABN AMRO Bank N.V.