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International Private Equity Law Firm

Our Private Equity lawyers have been advising private equity funds and family offices for many decades. Our private equity practice enjoys a high standing and reputation in the European market and beyond. We strive to understand the needs of our clients and the market and to tailor our advice accordingly. The Private Equity players we represent include large, medium and small funds as well as family-run funds across the world that are facing fundraising, origination, valuation, execution, performance, exit strategies and regulation challenges.

Our Private Equity Teams provide cross-disciplinary advice on a wide range of legal and tax matters arising in relation to national and international daily pressures of valuations, performance, exit strategies and regulation. As strategic advisors, we combine many years of experience, expertise and international capability.

The relative availability of debt together with significant levels of capital committed to the private equity industry, or held on corporate balance sheets, has strongly impacted the competition for assets and pricing levels. A cohesive private equity strategy will support you to ensure that you acquire the right assets and obtain maximum value from your portfolio. We are structured around your business sectors and that of your targets. This means we can advise you on all stages of a fund’s lifecycle, from formation and administration to the making of investments, portfolio monitoring and exiting.

Your deals are executed according to tight deadlines and complex regulatory constraints. Our multi-disciplinary specialist teams across more than 40 countries globally can mobilise quickly, whatever the size and complexity of your transaction. With anti-trust, tax, employment, banking, commercial, ESG and disputes expertise, we can also assist in the protection and growth of your funds and investments. Whether your deal is in the upper or mid private equity or venture market, our specialist lawyers can guide you towards the best business outcome in your home markets and across multiple jurisdictions.

CMS Total Private Equity, one stop-service

  • Fund Formation and GP / LP Advisory
  • Financial Services
  • Regulatory
  • Tax
  • Fund Manager
  • Fund Administration & Corporate Services
  • Investment M&A - Comprehensive Due Diligence
  • Investment M&A - Buyouts, Minority Stakes, LBOs, MBOs, MEUs, Take-Privates
  • Shareholder Arrangements, Co-Invests and Sell-downs
  • Acquisition Finance, Debt Restructuring & Refinancing
  • Anti-trust and FDI
  • Portfolio Monitoring (including Tax, Employment, Corporate and Commercial)
  • Dispute Resolution & Mediation
  • Exit M&A - Vendor Due Diligence & Remediation of identified issues
  • Exit M&A - Trade Sales IPOs, Auctions, Recapitalisation
  • Secondaries and GP-Led Secondaries
  • ESG

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25/01/2024
Emerging Europe M&A Report 2023/2024
Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.
13/09/2023
Turning the Corner? CMS European M&A Outlook 2024
We are pleased to share with you the 2024 edition of the European M&A Outlook, published by CMS in association with Mergermarket.
29/05/2023
CMS European Private Equity Study 2023
We are very pleased to share with you the second edition of the CMS European Private Equity Study 2023. This study analyses hundreds of Private Equity deals that we advised on in 2022 and previous years, providing unique insights into market trends and differences between private equity and trade deals. Key findings: Deal activity remained strong until Q3 2022, but experienced a significant drop in Q4. New investments accounted for 85% of PE deals analysed, with fewer exits and secondary buy-outs in 2022 compared to 2021. Bidding processes decreased in 2022, potentially due to less involvement of PE funds on the sell-side. Entry into new markets was the most common deal driver (64% of deals), while digitalisation was no longer a deal driver­Tech­no­logy, media, and telecoms (TMT) was the busiest sector, followed by Real Estate & Construction and life sciences. Use of MAC clauses decreased to 10% in 2022, compared to 15% in 2021. Fewer FDI approvals or clearances were sought in 2022 (8%) compared to 2021 (15%).W&I insurance played a prominent role in PE M&A transactions, increasing with deal value. Locked box mechanisms for setting purchase price were preferred in 80% of PE deals, while purchase price adjustments decreased. Earn-out provisions increased overall in 2022 but were more common in smaller deals than higher value deals. ESG considerations have not yet featured in legal due diligence or transaction documents. Management incentive schemes saw shorter vesting periods, increased management allocation, but tightened leaver provisions. Overall, there were buyer-friendly developments in some deal metrics, such as the use of "tipping" baskets.
22/03/2023
CMS European M&A Study 2023 old
The CMS Corporate/M&A Group is pleased to launch the 15th edition of the European M&A Study
16/12/2021
CMS Expert Guide for directors and CEOs
 We last updated this guide in April 2020 in response to the outbreak of COVID-19 – to include specific guidance for directors on their responsibilities in light of the pandemic, and to provide a summary of the relevant changes in law made as countri
28/07/2022
CMS Private Equity Global Brochure
Private equity investors face daily pressures of origination, valuations, execution, performance, exit strategies, fund raising and regulation. At CMS, our private equity strategy is designed around our...

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11/06/2024
The Remote Gambling Bill and the legalisation of online gambling in South...
IntroductionOver the past decade, the sports betting industry has experienced robust growth in many jurisdictions, including South Africa. However, online gambling (interactive games), except for online...
22/05/2024
Digital nomad tax insights
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14/05/2024
EU introduces criminal offences and penalties for sanctions violations
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13/05/2024
UK's Accession to the 2019 Hague Convention to ensure enforcement of UK...
In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is ex­clus­ive/sym­met­ric­al.The...
08/04/2024
Hungary proposes ex-ante competition tool to regulate essential companies
On 2 April 2024, the Hungarian Ministry of Justice submitted an omnibus act to the Hungarian parliament proposing the amendment of several Hungarian laws, including the Competition Act. This Proposal’s...
08/04/2024
Ukraine discontinues War and Sanctions Portal
Following a governmental discussion on 19 March 2024, the Ukrainian government announced its decision to shut down a sanc­tions-re­lated database maintained by the National Agency on Corruption Prevention...
03/04/2024
Register of Damage for Ukraine is open for claims submission
On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place...
19/03/2024
Hungary adopts new regulations on occupational Safety and Health fines...
The Hungarian parliament recently adopted amendments to certain government regulations on occupational matters, and new government regulations on the detailed rules for the amount and imposition of occupational...
13/02/2024
Hungary makes changes to labour law, occupational health and safety at...
Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian...
09/02/2024
Ukraine launches State Register of Sanctions
On 29 January 2024, the President of Ukraine by the Decree No. 36/2024, approved the Decision of the National Security and Defence Council of Ukraine “On Approval of the Regulation on the State Register...
25/01/2024
Emerging Europe M&A Report 2023/2024
Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.
17/01/2024
Hungarian Competition Authority launches study on impact of AI on competition...
On the eve of the European Commission’s calls for contributions on competition in virtual words and generative AI, the Hungarian Competition Authority (HCA) announced that it is launching a market analysis...