HMT LLP undertook financial due diligence for Guinness Asset Management and Maven Capital Partners on their investment in all-in-one marketing platform Coniq.
HMT LLP advised Ethos Partners on the management buyout of UK based designer and manufacturer of pet products, Pet Mate Ltd.
Before the end of the 12 days of Christmas, HMT completed two transactions (announcements to follow) and again strengthened its team with two new hires.
HMT LLP advised HR software solutions provider CIPHR Ltd on their acquisition of payroll software & service provider Payroll Business Solutions.
As we wrote in our article dated 11th November, the future of corporate tax reliefs such as Entrepreneurs’ Relief (ER) were high on the agenda with both main political parties for yesterday’s general election.
HMT LLP advised Mobeus Equity Partners on their investment in data privacy software company Active Navigation.
This year at HMT we are again raising funds to support our Charity of the Year, The Chiltern Centre, with our traditional Christmas Advent campaign.
HMT LLP advised Arbuthnot Commercial Asset Based Lending (“Arbuthnot Commercial ABL”) on the refinancing of window and door supplier GJB Group, including Listers Central Ltd (“Listers”).
HMT, led by Partner James Thomas advised specialist pharmaceutical biotech company Biotherapy Services Ltd on their Series A fundraising. Foresight VCT invested £3 million to support the growth of the business supplemented by further investment from existing and new private investors.
Entrepreneurs' Relief (ER), first introduced in 2008, currently allows qualifying business owners to pay a reduced rate of Capital Gains Tax (CGT) of 10% (compared to 20% for higher rate tax payers) on business disposals up to a lifetime allowance of £10m. But ER is in danger as Sir Edward Troup, the former head of HM Revenue and Customs, says that “Eentrepreneurs' Relief costs the country £2bn in lost tax revenues per annum and adds nothing to entrepreneurship."