Written by the partners who advise on the mandates. Practical judgement on transactions, regulation, capital, and the boardroom — never commentary for its own sake.
Deferred consideration has returned to the mid-market as buyers and sellers stall on valuation. We reviewed 61 signed sale agreements and found the same four failure points repeated in nearly every one. Here is what a defensible earn-out looks like when the accounts are contested two years later.
Editor's picks
11 articles
Revised authorisation guidance quietly redraws where agency and distribution models sit. Firms operating across two or more jurisdictions should re-test their permissions now.
LP appetite has consolidated around known managers. A candid view of the terms emerging sponsors can concede — and the three they should not.
Minutes drafted for convenience become the central document in a duty-of-care claim. A practical standard for recording deliberation without creating exposure.
Institutional arbitration is predictable in structure and wildly variable in cost. We map spend against tribunal appointment, document production, and expert stages.
Capital is available; creditworthy demand is not. How sponsors are restructuring offtake to reach financial close in a higher-rate environment.
Insurers have narrowed cover on tax, environmental, and known-issue exclusions. Diligence has to close the gap that policy language leaves open.
A candid discussion on planning a chief executive transition three years out, and why most boards begin the conversation eighteen months too late.
Controls calibrated at authorisation degrade silently. A short protocol for re-testing screening thresholds against current designations.
Documentation has tightened where it matters least. We compare covenant packages across 40 unitranche facilities signed since 2024.
Acquirers routinely sign before confirming that licences travel with the entity. The sequencing that avoids a stalled completion.
Chosen well, it resolves accounting disputes in weeks. Chosen carelessly, it forecloses argument you intended to keep. A drafting checklist.
Speak with a partner about a transaction, a mandate, or a structure you are weighing. Every enquiry is handled in confidence.
Regulatory shifts, deal structuring, and capital market commentary. No more than four dispatches a year.
