United Kingdom: Acquisition Finance/LBOs/MBOs

Buy-and-build remains one of the most popular value-creation strategies in the UK mid-market. A sponsor or management team acquires a platform business and then grows it through a programme of bolt-on acquisitions, consolidating a fragmented sector and, ideally, achieving multiple arbitrage along the way.

Macfarlanes and PwC explore the evolving opportunistic credit market, examining how investors navigate competitive financing landscapes, identify investable opportunities amid sector-specific stress, and deploy sophisticated structuring tools to protect downside risk. The discussion reveals critical insights on pricing discipline, early intervention strategies, and the expanding toolkit available to credit investors managing complex situations.

A consortium of investment funds advised by Tinicum and Blackstone has launched a £1.275 billion recommended offer for FTSE 250-listed Senior plc, an international engineering solutions provider serving aerospace, defence, and energy markets. This high-profile public-to-private transaction highlights continued private equity interest in UK listed companies with strong fundamentals and long-term growth potential in the defence and aerospace sector.

For owners of SME businesses looking to realise the value that they have built up in the Company over many years, there were traditionally two option...

Most people would agree that coming into a significant sum of money is a nice problem to have. Wealth, after all, opens up a multitude of enviable possibilities

The EPO's Enlarged Board of Appeal has issued a decision today concerning the patent eligibility of technical simulations.

A recent High Court decision illustrates the potential perils for parties entering into what might be assumed (or at least appear) to be documents that are not legally binding.

This briefing is relevant to lenders and borrower's alike.

For most companies and their owners, an initial public offering (IPO) is a "once-in-in-a-lifetime" event that may represent the culmination of many years of hard work.