Travers Smith

Our Spring edition of Insights for In-house Counsel is out now - a round-up of recent and forthcoming developments in law and practice for in-house legal professionals. In this edition, we provide insights on a whole range of topics from the EU's Digital Omnibus, the new UK Cyber Bill and IDV, to late payment, employment law reform and the NICs tax relief cap. Read about these and more on our website: https://brnw.ch/21x1eSV

Happy New Tax Year 2026/27!!! April marks the beginning of the new tax financial year for corporates (on 1 April) and the new tax year for individuals (on 6 April). Both dates mark the entering into force of a range of new legislative provisions, mostly (but not all) contained in the Finance Act 2026, which received Royal Assent on 18 March 2026. For a summary of the key provisions entering into force for businesses and individuals, see our briefing: https://brnw.ch/21x1esn The main provisions of interest for business taxes are:

Welcome to the first edition of Travers Smith's Crisis Management and Investigations Circular, providing a bitesize round-up of recent developments in the world of crisis management and investigations. This issue covers: • Key trends from the FCA’s first "Enforcement Watch" and the implications for regulated businesses. • The impact of the Guralp v SFO case and what it means for the UK's Deferred Prosecution Agreement regime. • Insights on the SFO’s future following Director Nick Ephgrave's resignation. • Upcoming changes in employment law. • The CMA’s enhanced consumer powers and notable recent investigations. Stay tuned for our expert analysis on the latest in crisis management and investigations. If you would like to find out more about any of these topics, please contact any member of our team. #CrisisManagement #Investigations #RegulatoryAnalysis

We're delighted to be finalists for Fund Formation Law Firm, Fund Finance Law Firm and Tax Adviser in this year's The Drawdown awards. These three short listings give us a clean sweep of nominations across the private capital lawyer categories, recognising our preeminent work for GPs and LPs. Will Normand, Head of Asset Management at Travers Smith, said: "I'm excited that this year's Drawdown nominations recognise Travers Smith's private capital group in another stand-out year. Highlights have included launching evergreen funds for the very largest asset managers across credit, private equity, secondaries and infra strategies, an innovative secondary credit transaction amongst a growing roster of other secondaries deals, the holy grail of fundraisings – a first and final close for a private equity GP and the largest closed-ended fundraising by committed capital that we have ever advised on. Our tax specialists have been especially busy given the Government's changes to carried interest tax and our Fund Finance team have worked on some of the year's most complex transactions for GPs focusing especially on structured finance (private securitisations and note issuances) and infrastructure NAV facilities. I'm particularly proud of our stellar associates and trainees across the group whose hard work and expertise makes this happen."

A team led by Will Sheridan , has advised Verdane, the European investment firm, on the financing arrangements for its acquisition of a majority stake in Smartbox Group, a UK-headquartered global leader specialist technology designed to support individuals with speech and communication challenges. This transaction enables Verdane to support Smartbox’s mission of expanding worldwide access to life-changing solutions and accelerating the company’s global growth. This transaction further reinforces Travers Smith’s track record of advising clients on transformative investments within the healthcare and technology sectors. Will was supported by Michael Leadbeater and Jagoda Kochan.

We are delighted to have advised long-standing client Inflexion on its agreement to acquire Marioff, a global leader in high-pressure water mist fire suppression. The investment is being made by Inflexion’s Buyout Fund VI and is the seventh investment that Inflexion has made in the Nordic region. Our team was led by Tom Hartwright and Jaryd Davidson, supported by Eric Van Winssen, Lora Abagero, Eloise Boyd and Niall Lamont.   Competition advice was provided by Ingrid Hodgskiss, Tom Davies, Emily Wilcock and Matthew Hibbert. Tax advice was provided by Hannah Manning, Ross Mcgregor and Claudia French. Technology & Commercial Transactions support was provided by Andy Maxwell. Read more: https://lnkd.in/eYxA555V

𝟮𝟬𝟮𝟲 𝗚𝗣 𝗦𝘁𝗮𝗸𝗲𝘀 𝗡𝗲𝘄𝘀 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝗥𝗼𝗼𝗺 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀 𝗥𝗲𝘃𝗲𝗮𝗹: 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗚𝗣 𝗦𝘁𝗮𝗸𝗲𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲 We’re excited to announce our 𝘙𝘪𝘴𝘦 𝘰𝘧 𝘎𝘗 𝘚𝘵𝘢𝘬𝘦𝘴 𝘪𝘯 𝘌𝘶𝘳𝘰𝘱𝘦 breakout room speakers: • Renaud Tourmente, Deputy CEO and Chief Operating Officer at ARMEN • Victoria Bramall, Partner in Private Equity & GP Solutions at Travers Smith Full bios on our speakers: https://lnkd.in/eawDjNsF This breakout room is especially timely because Europe is moving from being a smaller, more occasional GP Stakes market to one with real depth across the UK and continental Europe. We’ll focus on what is actually driving transactions in the region: founder liquidity, expansion into new geographies, and the push to institutionalize firms that have grown meaningfully over the last decade. We’ll also look at the features that make European deals distinct, including cross-border partnership structures, different tax and regulatory regimes, and a manager landscape that is often more fragmented and less scaled than in the US. The speakers are well placed to lead that discussion. Renaud brings the perspective of a dedicated European GP Stakes investor as Deputy CEO and COO of ARMEN, a firm focused on GP Stakes and built around supporting private market managers with more than just capital. Victoria brings the transaction lens from across the market: at Travers Smith, she advises on minority and majority GP-stake M&A, and her deal experience spans dedicated GP Stakes funds and institutional LP buyers. Together, they can speak both to how these deals are being underwritten in Europe and how they are actually getting executed. 👉 Request to join us in NYC on April 21: https://luma.com/dpuyc419 #GPStakesNews #GPStakes Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

The next instalments of our bitesize Employment Rights Act webinar series are now live. In the latest videos, our team discusses changes to equality and pay reporting in the UK under the Employment Rights Act, and developments in the EU under the EU Pay Transparency Directive. We also explore forthcoming changes to the rules governing collective redundancies, and offer practical tips to help employers prepare for these changes. Watch here: https://brnw.ch/21x1b8D

NSI Act Reforms Announced Later this year, the UK Government will introduce changes to the NSI Act, refining definitions in sensitive sectors like water, AI, critical minerals, semiconductors, data infrastructure, and emergency services. Exemptions for insolvency practitioners and internal reorganisations are also proposed, aiming to streamline notifications and focus on real risks.   As competition law specialists, we’re here to help you adapt to this evolving landscape. Get in touch to discuss how the new rules could affect your business.

We’re thrilled to announce that Travers Smith has been ranked #1 for overall client service in commercial disputes, according to the latest Legal Business/Legal 500 survey. The survey by Legal Business, based on anonymised client feedback gathered by Legal 500, analyses which premium commercial disputes departments make the strongest impression on clients, considering team quality, value, billing and efficiency. With technical ability taken as read at the top end of the market, client service is often a key differentiator. Ranking highly across all the area which clients use to select their law firm of choice, Travers Smith comes out as the highest-scoring practice for overall client service. In an interview (https://brnw.ch/21x1714) with Eliza Winter, Heather Gagen, who leads Travers Smith's dispute resolution team, says this recognition reflects the commitment of the team to deliver truly personalised, hands-on support that puts our clients’ needs first. ‘As a firm and as a partner group, we are low ego. We collaborate with and listen to our clients, understanding what they want and how that might change over the course of a long-running mandate.’ This approach is enhanced by our full-service capability and integrated approach to contentious work, which ensures clients ‘have access to market-leading practices across the whole of the rest of the firm.’ With leading landmark cases like the $1bn Autonomy fraud claim for Hewlett Packard Enterprise, to representing Glencore’s former chairman Tony Hayward, the team continues to secure results in the most significant, high-profile UK disputes, building on the reputation as a go-to firm for major cases. #ClientService #DisputeResolution #TrustedAdvisers