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Memery Crystal and Fides Partners launch independent management advisory practice for UK market

26/01/2021

At a glance

Memery Crystal, London-based law firm, have entered into an exclusive agreement with Parisian law firm, Fides Partners to offer UK clients a comprehensive and independent management advisory offering for private-equity backed deals.

This tie-up will allow Memery Crystal to provide a unique advisory service to management teams that includes financial, alongside traditional legal and tax advice. Offering a complete advisory service stops the need for multiple advisors, ensuring simplicity and efficacy throughout the process.

Memery Crystal has a record of acting for motivated individuals, whether management teams, owner managers or entrepreneurs, on a variety of transactions. The firm has acted for management on a number of large and complex private equity deals, providing legal and tax advice and an understanding of market practices. As a partner-led firm, Memery Crystal is ideally suited to advise and communicate with individual managers during the stressful run-up to bidding rounds.

Visit our webpage: Management Advisory – Balancing risk and reward

Fides Partners is a leading, independent European law firm with an M&A, Private Equity and Venture Capital practice. The firm comprises a highly experienced and innovative team of lawyers with unique financial expertise, founded by partners dedicated to strategic advice of managers and entrepreneurs. Fides Partners is independent from investment funds to avoid conflicts of interest and dependence on repeat market players.

Greg Scott, Partner, said: “In the high stakes and time-pressured negotiations between seller and buyer, the management team is often overlooked. However, we are starting to see a growing recognition of the benefits of management being properly and independently advised early in the sales process, as it benefits all parties involved. We believe that we have one of the most comprehensive and cost-effective service offerings on the market here in the UK.

Our understanding of how PE funds operate, helps us provide effective and truly independent advice while maintaining integrity and perspective. In expanding our offering by teaming up with Fides Partners, a leading European law firm with more than 15 years’ experience of advising management teams throughout Europe, we are providing our clients with an offering tailored for their needs.”

Nicolas Menard-Durand, Partner at Fides Partners and Private Equity specialist, explains:

“Management teams in private equity backed companies are likely to reside in any country in the world, and the management team is often spread over multiple jurisdictions. We must ensure that we adapt our advice in accordance with not only local corporate expertise, but also applicable tax law. We have collaborated with Memery Crystal on transactions in the past and we believe that we are a perfect match in the niche-market of advising management teams. We are happy to have entered into this partnership with Memery Crystal to strengthen our joint offering in the United Kingdom.”

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