Macfarlanes

Operational real estate - the ￡1tn opportunity. Our 2024 “Fully Operational: The Future of Real Assets” report is now live. Register to receive your copy: https://ow.ly/9Yl650Uq5km #RealEstate #OperationalRealEstate #FutureOfRealAssets

Now live: private funds radar - February 2025. This month’s round-up of the latest global developments for private fund stakeholders, includes: - an overview of retailisation options for private fund sponsors; - the growing trend of private credit sponsors launching asset-based finance and lending strategies; - the new "America First Investment Policy" and, separately, the impact of the US outbound investment rules; and - new rules providing more flexibility for German pension and insurance investors investing in infrastructure assets. Read more: https://ow.ly/E4P850V9aKN #PrivateFunds #Retailisation #PrivateCredit

In this week’s #Corporate law update, we cover: - the UK Government confirms its intention to mandate T+1 securities settlement; - Companies House publishes guidance for firms seeking corporate service provider status; - the Pensions and Lifetime Savings Association releases its 2025 Stewardship and Voting Guidelines; - the Risk Coalition issues new cross-sector guidance for board risk committees and risk functions; - the FTSE Women Leaders Review publishes the 2024 gender balance report; and - the Financial Reporting Council releases revised guidance on going concern. Learn more: https://ow.ly/kOQu50V8p4t

Lots of fun all around - we hosted a live music quiz in support of PAPYRUS Prevention of Young Suicide, our charity partner for 2025. Our quiz master Tony Hawks, kept us engaged throughout the evening, showcasing his musical talents on the piano, guitar, and vocals. A big thank you to Tony and our social club for organising such a wonderful event. Learn more: https://ow.ly/ieT050V7LTp #CharityOfTheYear #Inclusion

Join Senior Advisor Brian Spiro, and Senior Associate Helen Harvey, for an insightful Practising Law Institute (PLI) webinar on Monday 3 March, as they explore “UK Guidance for Corporations on the Failure to Prevent Fraud Offence”. They will discuss the Home Office Guidance on this offence and compare it to the U.S. Department of Justice’s Evaluation of Corporate Compliance Programs. Learn more: https://ow.ly/oicG50V2JOp #Litigation #Fraud #Compliance

Corporate and M&A Partner Richard Burrows led the Macfarlanes team advising Ferrari Group on its €785m IPO. The team also included Associates Sanjana Singh and Patrick Bennett. Tax expertise was provided by Partner Gregory Price and Senior Counsel Alexander Ereira. Partner Rasmus Berglund provided management incentive advice. Partner Lorna Emson and Senior Associates Helen Harvey and Francis Bond provided Litigation and Dispute Resolution input. Employment advice was provided by Partner Hayley Robinson and Senior Counsel Tabitha Al-Mahdawie. Read more: https://ow.ly/aS6w50V18s6

In this week’s #Corporate law update, we cover: - the final rules published by Companies House for directors and others needing to verify their identity; - the Accelerated Settlement Technical Group’s plan for implementing a T+1 settlement cycle in the UK; and - the ineffective assignment of rights to claim for breach of warranty in a share sale agreement. Read more: https://ow.ly/VJFP50V0gNz

Finance Partner Andrew Perkins led the Macfarlanes team advising Quilam Capital on the strategic joint venture with J.P. Morgan. The team also included Senior Counsel Ryan Moore and Associates Catherine Dawkins (née Adams) and Elizabeth Spicer. Corporate advice was provided by Senior Associate Steve Siopis, while structuring advice was provided by Tax Partner Jeremy Moncrieff and Senior Counsels Chris Mortimer and Alexander Ereira. Read more: https://ow.ly/uXZx50V0bo5

Insurance Partner Andrew Barton, with assistance from Senior Counsel Madison Kaur, led the Macfarlanes team advising Legal & General on a ￡370m buy-in with the TUI Group UK Pension Trust. Find out more: https://ow.ly/X5E350UYmnl

Private credit growth is largely driven by bank retrenchment and the expanding financing needs of private equity. As banks continue to retrench from asset-based finance due to regulatory pressures, more managers are launching dedicated asset-based finance strategies to fill the gap. In this article, Margarida Branco Ferreira, CAIA, Georgina Grant, Katherine Hensby, and Richard Fletcher: - define asset-based finance; - showcase the growth in this market; and - identify key drivers and challenges for managers looking to do more in this space. Learn more: https://ow.ly/QILr50UXLPF #PrivateCapital #PrivateCredit