Capabilities

Management advisory

Negotiating the right deal and structure for you and your team

It is here that we make the difference.

As independent advisers, we draw on our experience to create clarity and provide the relevant information you need to assess your options and shape the right outcome. We support and advise management teams throughout the transaction.

A private equity transaction is a significant moment for any management team and the bidding process brings with it multiple demands on your time.

Questions will arise too. What do private equity houses expect now and after the deal has been done? How will the management incentive plan be structured? How do I assess and compare what is being offered?

Our services

We are a market leader in advising management teams in private equity transactions

Structured sales process

Detailed analysis of all aspects of investor proposals
Advising on and negotiating equity incentives and remuneration
Ensure management understand the economic impact of the terms offered by bidder(s)
Guidance on design and structure of incentive equity scheme and on individual allocations
Co-ordinate with management legal and tax advisers to ensure agreed term sheet positions are reflected in Newco Investment documentation

Management buy out

Introductions to potential equity and debt providers
Detailed analysis of all aspects of investor proposals
Advising on and negotiating equity incentives and remuneration
Ensure management understand the economic impact of the terms offered by investor(s)

Public to private transaction

Advising management team during pre-offer investor discussions
Advising on and negotiating equity incentives and remuneration
Guidance on design and structure of incentive equity scheme and on individual allocations
Co-ordinate with management legal and tax advisers to ensure agreed term sheet positions are reflected in Newco Investment documentation

Market listing

Advising on and negotiating mix of pre-IPO cash out and post-IPO investment
Reviewing and advising on pre-IPO exit waterfall and re-organisation
Considerations around a typical listed plc incentive plan
Benchmarking guidance on compensation and LTIP performance measures

Restructuring or re-incentivisation

Support in evaluating and understanding the investor proposal
Advising on design and structure of new equity incentive schemes (real and synthetic)
Advising on implementation of wider employee incentive schemes
Modelling terms to illustrate returns in a range of exit outcomes
Review legal documentation and ensure it reflects agreed commercial terms

Growth capital fund raise

Detailed analysis of all aspects of investor proposals
Advising on and negotiating equity incentives and remuneration
Ensure management understand the economic impact of the terms offered by bidder(s)
Guidance on design and structure of incentive equity scheme and on individual allocations
Co-ordinate with management legal and tax advisers to ensure agreed term sheet positions are reflected in Newco Investment documentation

Merger or major acquisition

Support in evaluating and understanding the funding options and the revised capital structure
Advising on any changes or new proposals on the equity incentives
Modelling terms to illustrate returns in a range of exit outcomes

New joiner to an existing incentive plan

Support in evaluating and understanding the investor proposal
Advising on and negotiating equity incentives and remuneration, including benchmarking equity allocation
Review legal documentation and ensure reflects agreed commercial terms
Modelling terms to illustrate returns in a range of exit outcomes