Counting investment banks, managers, and funds as clients, CMS advises on s.110 insolvencies, tax and regulatory work, tender offers and mergers in the listed funds sector. Team lead Jack Shepherd acts for both issuers and banks, advising on changes of investment manager and revisions of investment policies, and Alasdair Steele advises on an array of corporate matters. Kirsty Duane is a key name for M&A, IPOs, fundraisings, cross-border transactions, and takeovers, and Jennifer Gray has been involved in transactions, IPOs and secondary fundraises.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘CMS have every angle of the industry covered, whether it be drafting and assisting with day to day operational challenges, managing difficult situations, or tax and advisory services, and they do them all extremely well. Their staff are all accessible and easy to work with.'
‘In-depth listed fund practice that delivers the whole firm as needed - but is also always available for the simple ad hoc questions that arise so often.'
‘Alasdair Steele is a standout lawyer who is always measured, thoughtful and commercial.'
Key clients
- Aquila European Renewables
- Aquila Energy Efficiency Trust
- Sequoia Economic Income Infrastructure Fund
- Templeton Emerging Markets Investment Trust
- Securities Trust of Scotland
- CT Private Equity Trust
- New Star Investment Trust PLC
Work highlights
Advised LondonMetric Property Plc on its recommended all-share offer for UK REIT LXi REIT plc for £1.9bn.
Advised Aquila European Renewables on its proposed section 110 Insolvency Act transaction with a number of a listed investment companies, and its subsequent managed wind-down.
Advised Towers Watson Investment Management in connection with the public merger of Alliance Trust plc and Witan plc.
Practice head
Jack Shepherd
Other key lawyers
Alasdair Steele; Kate Darracott; Kirsty Duane; Jennifer Gray