Insights: September 2019

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Lifecycle of a business: succession planning - Helena Luckhurst and Katie Mitchell in the Tax Journal

Helena Luckhurst, Katie Mitchell |

Owners of trading businesses potentially enjoy significant capital tax breaks. Business property relief is a generous relief from IHT, but investment activity, business assets not used for business purposes and debt arrangements can jeopardise the relief. Gift relief from CGT may be available but needs to be claimed and is subject to claw-back. Although the […]


Fladgate advises 83North & Marathon Venture Capital on $7.5m fundraising

Graham Spitz, Yulia Leyko, Gemma Grunewald |

Fladgate acted for global venture capital firm 83North and early-stage fund Marathon Venture Capital in a $7.5M Series A fundraising in Lenses.io, a London based DataOps leader, to accelerate its product development and scale operations in Europe and the US to meet growing international demand. Laurel Bowden, Partner at 83North said, “Data is the fuel […]


Fladgate advises Ocado Ventures on groundbreaking indoor farming joint venture

Jamie Hamilton, Eddie Powell, Hamilton Forrest, Luke Morris, Muhammed Bhaimohmed, Liam Bracken, Alex Haffner, Alex Taylor |

Fladgate was delighted to advise the corporate ventures arm of Ocado Group, the world-leading online grocer and developer of innovative infrastructure solutions on its partnership and investment in Infinite Acres, a full-service solution provider for indoor farming. Infinite Acres sees Ocado Ventures partnering with the Cincinnati, Ohio-based indoor farming specialist 80 Acres Farms and the […]


Fladgate advises Blockchain Worldwide Plc

David Robinson, Zehra Kofturcu, Michael Beaber, Ben Milloy, David Lee |

Fladgate is acting for Blockchain Worldwide Plc (Bloc) on an acquisition by reverse takeover, Rule 9 waiver, £8.6m placing and subscription and admission to trading of the enlarged group (to be renamed Entertainment AI PLC) on the AIM Market (all conditional upon shareholder approval). Bloc, a company admitted to trading on the Main Market of […]


Summertime and the livin’ is – not so - easy

Ronnie Mortimer, Teresa Cullen |

The start of Autumn marks the end of the Summer wedding season and with that comes the end of months, even years, of having to make decisions about choosing between a wedding dress designed by Sarah Burton or Vera Wang, deciding whether the wedding invitations should be embossed in gold or silver leaf, or whether […]


Fladgate sponsored an LPF event: The Big Leisure Debate

Matthew Williams, Nick Wood, Gavin Whitney, Stephen Lewis |

Fladgate was delighted to sponsor the Leisure Property Forum’s Big Leisure Debate at Vue West End, Leicester Square. The past 12 months have seen critical issues impacting the leisure sector – BREXIT, rates increases, wages growth, staff shortages, and technological disruption. Although there have been positives too, with a very high level of cinema admissions, […]


Brownfield - Historical title issues

Tim Foley |

Fundamentally the challenge in unlocking opportunities and realising value of brownfield sites is managing the transition and change of purpose from the former use.  In circumstances where the brownfield use has been established for many years, possibly decades, there may well be historic title issues that present a challenge for the developer.  What issues can […]


Fladgate advises on the refinancing of the Fairmont Monte Carlo hotel

Gary Smith, Charles Proctor, Wing Tang |

Fladgate LLP acted for long standing client London & Regional Properties on the recent refinance by BNP Paribas of the Fairmont Monte Carlo hotel in Monaco. The Fairmont, a four star luxury hotel is located in the centre of the Principality of Monaco and has 596 guest rooms, residences and suites as well as four […]


Fladgate acts on £220m sale of Red Tiger Gaming Limited

Grant Gordon, Amy Collins, Alan Wetterhahn, Hamilton Forrest, Orit Rioumine Gold, Ben Milloy, Laura Priestley, Tim Reinhard |

Fladgate was pleased to act on the sale of Red Tiger Gaming Limited, a leading online casino game software supplier to digital entertainment company, NetEnt. The accelerated deal completed on Thursday 5 September 2019 with the initial consideration being £197m and up to £23m may be payable in addition in 2022 on an earn-out basis. […]