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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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New elec­tri­city gen­er­at­or levy in­tro­duced
The UK gov­ern­ment has an­nounced the in­tro­duc­tion of a wind­fall tax on cer­tain elec­tri­city gen­er­at­ors in the form of the ‘elec­tri­city gen­er­at­or levy’, a new 45% tax levied on ‘ex­traordin­ary re­turns’...
CMS ad­vises con­sor­ti­um on ac­quis­i­tion of fur­ther in­vest­ment in Ørsted's...
In­ter­na­tion­al law firm CMS has ad­vised a con­sor­ti­um com­prised of Equitix and The Re­new­ables In­fra­struc­ture Group (TRIG) on its agree­ment to ac­quire from Glob­al In­fra­struc­ture Part­ners (GIP) a fur­ther...
New oil and gas wind­fall tax in­tro­duced
The UK gov­ern­ment has an­nounced today the im­me­di­ate in­tro­duc­tion of a 25% wind­fall tax – de­scribed by the Chan­cel­lor as a “tar­geted, tem­por­ary en­ergy profits levy” – on profits from UK oil and...
CMS ad­vises on in­vest­ment in tech­no­logy solu­tions pro­vider WSD
In­ter­na­tion­al law firm CMS has ad­vised the founder and share­hold­ers of WSD on a ma­jor­ity stake in­vest­ment by Bowmark Cap­it­al (Bowmark), the mid-mar­ket private equity firm. WSD is a lead­ing pro­vider of...
CMS ad­vises USS on in­creased in­vest­ment in Thames Wa­ter
In­ter­na­tion­al law firm CMS has ad­vised Uni­versit­ies Su­per­an­nu­ation Scheme (USS), the sole cor­por­ate trust­ee of one of the UK's largest pen­sion funds, on its ac­quis­i­tion of an ad­di­tion­al 8.77% stake in...
Cli­mate-friendly fu­ture strategy: In­ter­na­tion­al CMS team ad­vises SWM and...
Spir­it En­ergy, the gas pro­duc­tion com­pany in which Stadtwerke München GmbH (SWM) and Bay­erngas GmbH jointly hold 31 per­cent and the UK-based Cent­rica holds 69 per­cent, has signed an agree­ment to sell...
CMS ad­vises on in­vest­ment in Kubrick Group
CMS has ad­vised the founders and share­hold­ers of Kubrick Group, a lead­ing pro­vider of next-gen­er­a­tion tech­no­logy con­sult­ing, on an in­vest­ment by Bowmark Cap­it­al, the mid-mar­ket private equity firm. Foun­ded...
CMS ad­vises SSE on £1.225bn sale of stake in SGN
In­ter­na­tion­al law firm CMS has ad­vised SSE on the sale of its en­tire 33.3% stake in gas dis­tri­bu­tion op­er­at­or Sco­tia Gas Net­works Ltd (SGN) to a con­sor­ti­um com­pris­ing ex­ist­ing SGN share­hold­er Ontario...
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...
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...
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...
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...