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Portrait of Aaron Fairhurst

Aaron Fairhurst

Co-Head of Tax

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English

Aaron Fairhurst is the Co-Head of the Tax Team and has worked at CMS since 2002.

Aaron has worked in a wide range of transactional and advisory roles, both domestic and international, covering income tax and capital gains tax, corporation tax, VAT and stamp taxes.

He primarily advises corporate and individual clients on the tax implications of disposals and acquisitions, joint ventures and reorganisations in the energy and infrastructure sectors, the corporate recovery sector and the private equity markets. Aaron is also well known and highly regarded in the W&I insurance market.

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"Aaron provides excellent, creative and very responsive tax advice and support"

Client Feedback

"Aaron is very client focused and has established a very strong reputation in the W&I insurance sector as a leading tax advisor"

Client Feedback

Aaron was named in the Tax Journal’s 40 under 40 tax professionals in 2015

Relevant experience

  • A consortium, led by Cheung Kong Infrastructure and Power Assets Holdings, on the acquisition of Wales & West Utilities, the UK gas distribution network, from a number of infrastructure and pension funds, with an enterprise value of GBP 2bn.
  • RWE on the sale of Horizon, its new nuclear power plant joint venture with E.ON, to Hitachi for GBP 696m.
  • Viridian on the sale of majority stakes in its onshore wind farm portfolios in Northern Ireland and the ROI to the Irish Infrastructure Fund, managed by AMP, including in relation to the resulting joint ventures.
  • BP on the disposal of oil and gas assets in Egypt and US to Apache as part of a package worth USD 7bn.
  • RWE on the disposal of various interests in fields in the North Sea.
  • The lenders on various pub-group restructurings, including the Barracuda and Laurel pub groups, with aggregate debt exceeding GBP 2bn.
  • Abbey Life on a GBP 2bn longevity insurance transaction with the Trustee of the Scottish Power Pension Scheme and on associated reinsurance arrangements with a number of reinsurers based around the globe.
  • The administrative receivers of the owners of the UK Marriott hotel portfolio with aggregate debt exceeding GBP 1bn.
  •  The vendors on the sale of Integrated Dental Holdings to the Carlyle Group for GBP 500m.
  • The institutional sellers and management team of the National Fostering Agency on secondary buyout by Graphite.
  • The individual shareholders of EAT, The Real Food Company on their personal tax issues and the subsequent sale to Lyceum Capital.
  • All of the vendors, including management, on the disposal of Nature Delivered Limited (trading as Graze.com) as part of an MBO backed by the Carlisle Group.
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  • 2001 - BA Accounting and Law, University of Manchester, Manchester
  • 2002 - LLM Legal Practice Course, Nottingham Law School, Nottingham 
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Show only
27 November 2020
The earn-out - Is this the new nor­mal in M&A? - (Part One) - Earn-outs...
The COV­ID-19 out­break, al­most overnight, un­leashed un­par­alleled un­cer­tainty, with con­cerns about a glob­al down­turn com­pound­ing the im­pact on the UK, European and world­wide M&A mar­kets. A key factor...
13 July 2020
FTT con­siders scope of UK tax charge on be­ne­fits re­lat­ing to oil fields
In the re­cent case of Roy­al Bank of Canada v HM Rev­en­ue & Cus­toms [2020] UKFTT 0267 (TC), the First Tier Tribunal con­sidered wheth­er UK cor­por­a­tion tax could be charged on pay­ments made un­der a sale and...
1 July 2020
Syn­thet­ic W&I In­sur­ance for dis­tressed trans­ac­tions
CMS, Brock­well, and HWF have teamed up to cre­ate an off-the-shelf- solu­tion for dis­tressed deals.Syn­thet­ic W&I in­sur­ance can provide buy­ers with broad war­ranty cov­er­age to pro­tect them against his­tor­ic li­ab­il­it­ies...
23 March 2020
En­tre­pren­eurs' Re­lief: Things can only get BADR
We have a couple of up­dates on our re­cent art­icle fol­low­ing the Budget an­nounce­ment that the life­time lim­it for ER has been re­stric­ted to £1m for dis­pos­als on or after 11 March 2020. Anti-fore­stalling...
12 March 2020
En­tre­pren­eurs’ Re­lief re­stric­ted to £1m life­time lim­it
As widely ex­pec­ted the Chan­cel­lor has re­stric­ted the scope of en­tre­pren­eurs’ re­lief (“ER”) in the Budget with im­me­di­ate ef­fect. Rather than ab­ol­ish­ing it en­tirely, he has op­ted to re­duce the life­time...
25 September 2019
CMS ad­vises The Re­new­ables In­fra­struc­ture Group Lim­ited on key off­shore...
In­ter­na­tion­al law firm CMS has ad­vised The Re­new­ables In­fra­struc­ture Group Lim­ited (“TRIG”), a fund man­aged by In­fraRed Cap­it­al Part­ners, on the ac­quis­i­tion of a 25% in­dir­ect equity in­terest in Gode...
19 August 2019
Tax cov­en­ant no­tice pro­vi­sions con­sidered in Court of Ap­peal
In Sto­bart Group Ltd & Sto­bart Rail Ltd v Sto­bart & Tink­ler [2019] EW­CA (Civ) 1376, the Court of Ap­peal con­sidered the ex­tent to which val­id no­tice had been giv­en of a tax cov­en­ant claim pri­or to the...
14 August 2019
Up­date: Tax in­dem­nit­ies in In­ter­na­tion­al M&A
Min­era Las Bam­bas SA & An­or v Glen­core Queens­land Ltd & Ors [2019] EW­CA Civ 972 was an ap­peal from a High Court judg­ment of 20 Septem­ber 2018. In that judg­ment, the High Court had held that the sellers...
21 January 2019
En­tre­pren­eurs’ Re­lief: good news at last
In an at­tempt to con­tin­ue the sea­son­al spir­it, we have some good news in re­la­tion to En­tre­pren­eurs’ Re­lief (“ER”). There has been ma­jor con­cern that a lot of man­age­ment and em­ploy­ee share­hold­ers...
14 November 2018
CMS ad­vises Cin­ven on the ac­quis­i­tion of lead­ing European pet food man­u­fac­turer
CMS has ad­vised ma­jor private equity house Cin­ven on its ac­quis­i­tion of Part­ner in Pet Food (PPF), a lead­ing European pet food man­u­fac­turer, from Pamplona Cap­it­al Man­age­ment. The deal fol­lows Pamplona’s...
13 November 2018
CMS ad­vises HNA Group on sale of TIP Trail­er Ser­vices to I Squared Cap­it­al
CMS ad­vised HNA Group, a glob­al con­glom­er­ate fo­cused on avi­ation, tour­ism, lo­gist­ics and fin­an­cial ser­vices, on the high value sale of TIP Trail­er Ser­vices to I Squared Cap­it­al, a New York-headquartered...
30 October 2018
Budget 2018: Changes to En­tre­pren­eurs’ Re­lief
In yes­ter­day’s Budget, the Chan­cel­lor in­tro­duced a num­ber of changes to En­tre­pren­eurs’ Re­lief which may have im­me­di­ate, sig­ni­fic­ant and ex­pens­ive im­plic­a­tions for any­one who is hop­ing to qual­i­fy for...