Womble Bond Dickinson (WBD) has advised Puma Private Equity which led a £6 million equity investment into Tictrac, a leading health engagement company. The corporate team was led by Partner Leon Miller, Managing Associate Alex Fergus and South African qualified lawyer Alice Millar who advised on the transaction.
It seems that a burgeoning deficit is one of the more guaranteed results of the UK government's extensive support packages to prop up our economy in response to the coronavirus pandemic. The media is now replete with speculation about how Government may seek to address this, including through tax policy changes. In this article we briefly summarise some of the recent crystal-ball gazing on how tax policy may develop, together with highlighting some initial suggestions about how clients might seek to prepare.
RSM’s M&A and Private Equity team and law firm Womble Bond Dickinson have successfully advised on the sale of Create Flavours to the European Nactarome Group, funded by European private equity house Ambienta.
At the start of the COVID-19 lockdown we provided clients with the ability to e-sign documents that do not need to be registered at the Land Registry because Womble Bond Dickinson is fully licenced to use DocuSign, a market leading e-signature platform. As an early adopter of e-signatures in the legal sector, using this technology to sign contracts and other documents was an easy step for us to take to help our clients continue with their transactions.
Womble Bond Dickinson (WBD) has advised Camden Partners Nexus, a Baltimore-based venture capital firm with a focus on biomedical technology companies, on its participation in an $80m series B investment round in COMPASS Pathways.
The restrictions which have been imposed in response to the COVID-19 pandemic have posed fundamental challenges to lawyers and their clients in relation to the signature of legal agreements and the management of transactions. For Womble Bond Dickinson (WBD), one obvious solution was the use of electronic signatures – e-signatures – and e-signature platforms to continue to facilitate transactions and provide clients with the same high standard of service they have come to expect from the firm.
The Government is setting up a co-investment fund, known as the "Future Fund", to provide convertible loans of between £125,000 and £5 million to UK high growth companies. Private third party investors ("Matched Investors”) must at least match the amount of bridge funding provided under the convertible loan.