Introduction EU Regulation 2017/1129 and its Delegated Regulation (dated 14 March 2019) come into force on 21 July 2019 in full, replacing the previous prospectus regime. The principal purpose of the reforms is to make it easier and less costly for businesses to access the capital markets by reducing the regulatory burden on issuers, and […]
The top Spanish football league, La Liga, has been fined around €250,000 for a breach of the GDPR by the Spanish data protection agency, AEPD. In an effort to combat piracy of Spanish football live matches, La Liga allegedly used a smart phone app to collect users data without users’ specific consent. AEPD therefore levied […]
Fladgate advised Ocado on its recent investment into vertical farming start-up, Jones Food Company. The transaction comprised a partial buyout of the seed investors and a further equity investment backing the management team. Described as the world’s most advanced vertical farm, Jones Food Company has a 5,000 square-metre facility in North Lincolnshire, with LED-lit and […]
Fladgate has acted on the sale of e-learning provider Bolt to private equity firm Aliter Capital. The team, led by corporate partner Ian Brent, acted for the investors in Bolt, a consortium led by serial entrepreneur Tom Fender. Since launching in 2014, Bolt has become the chosen online learning provider to a large number of […]
In a market that presents challenges for all, assets have to be worked harder and greater analysis is required to identify sites where value can be realised. At Fladgate we work to help our clients identify opportunities in the market. As a result, we are running our Unlocking Opportunities In Real Estate series, which includes […]
Marking the start of London Tech Week on 10 June 2019, Oliver Dowden, the Minister for Implementation, announced the launch of a new guide designed to help the government to embrace AI and an online marketplace (the Spark Dynamic Purchasing System or Spark DPS) specifically intended to help tech start-ups and other SMEs selling innovative […]
Fladgate LLP was delighted to advise AIM listed Audioboom Group plc on a £2.8 million fundraise by way of placing and subscription. The new shares were admitted to trading on AIM on 22 May 2019 and upon admission, Audioboom’s market capitalisation was approximately £27 million. The net proceeds of the fundraise will be used towards an […]
The GDPR has been in force for almost a year and it has been reported that the Information Commissioner’s Office anticipates that a large fine in the United Kingdom is just a few weeks away. The European Data Protection Board (EDPB) has reported that the various European supervisory authorities have received 144,000 queries and complaints, […]
The extension of capital gains tax to non-resident investors in UK real estate has made life more complicated for fund managers. Until the recent changes – which came into effect on 6 April 2019 – the optimum way to structure inward investment was pretty straightforward. Unless the fund was to set up as a REIT […]
Employment Partner, Michael McCartney, recently contributed an article in Building on IR35 and the taxing changes to off-payroll rules being a major challenge for building firms. Michael discusses what impact the changes to off-payroll rules has on contractors, “firms will need to work with contractors to gather evidence of genuine self-employment…” To view the full […]
Fladgate was delighted to advise Ocado Group’s venture arm on its investment into UK-based tech start-up, Karakuri. Reshaping the future of ready-to-eat meals, Karakuri’s robotic automation systems cater to bespoke nutritional requirements whilst minimising food waste. Leading the £7m seed round, Ocado confirmed an equity investment of £4.75m, acquiring 18% of the company and a […]
Fladgate has advised Seko S.p.A, an Italian based global leader in the design and manufacture of dosing pumps and metering systems on the acquisition of the UK headquartered Brightwell Group. Brightwell is a designer and manufacturer of professional hygiene equipment and chemical dispensing and dosing systems. Brightwell is already active in 85 countries and will […]
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