Biography
He has advised a wide range of public and private companies on all aspects of employee and management incentives and executive remuneration (including on the related tax, company, regulatory, trust, securities, governance and employment laws). Kevin has acted for UK, US and Asia based clients on high value and complex cross border M&A transactions, public offerings and restructurings in the financial services, leisure, retail, technology, manufacturing and pharmaceutical sectors.
As well as transactions, Kevin has advised public and private companies on the design, implementation, operation and unwinding of employee and management incentive schemes, and both settlor companies and trustees in relation to employee benefit trusts.
Kevin had been recognised as a Rising Star for Employee Share Schemes by The Legal 500 for six years before moving up to Next Generation Partner in the 2025 guide.
Representative experience includes advising*
- PAI Partners in its acquisition of a majority stake in Audiotonix holdings Ltd. from Ardian
- General Atlantic through its climate growth fund BeyondNetZero in its majority investment in GRESB from Summit Partners
- Sign In Solutions Inc (a portfolio company of PSG Equity L.L.C) in its £28 million ($36 million) acquisition of SmartSpace Software plc
- InfraBridge, a division of DigitalBridge, in its combination of VXFiber and Lila Connect Ltd. with Freedom Fibre Limited (a company owned by Equitix, TalkTalk and among others).
- Morrow Sodali Global (d/b/a Morrow Sodali) (a majority owned portfolio company of TPG Growth) in its acquisition of Powerscourt Limited and Powerscourt Financial Media Limited
- Globeducate (a portfolio company of Providence Equity), in its acquisition of QV Education (Group) Limited (d/b/a Boundary Oak School) from shareholders of Boundary Oak School
- ASF Ltd (d/b/a Angstrom Sports) in its sale to Entain Holdings (UK) Limited (a subsidiary of Entain plc), a provider of sports betting and entertainment from individual investors, Penn Interactive Ventures, LLC and employees
- Shieldco (a portfolio company of PSG) on its acquisition of 10to8
- Curtis Brown Group, a representative of literary and talent groups, in its sale to United Talent Agency from Grabiner CBG LLP and other selling shareholders
- Ad hoc group of noteholders in relation to the consensual recapitalization and financial restructuring of Frigoglass S.A.I.C. and the group of companies formerly controlled by the Frigoglass group
- Advent International on a number of transactions, including recently on: portfolio company IRCA’s carve out acquisition of Kerry Group’s sweet ingredients division, and its acquisition of Global Processing Services together with Viking Global
- Angstrom Sports (United Kingdom), a provider of sports data services on its acquisition by Entain
- Brookfield Asset Management on the acquisition of DWS’ Private Equity Secondaries business
- Churchill Capital VII, a special purpose acquisition company, in its definitive agreement for a business combination with CorpAcq Holdings
- CIIG Capital Partners II, Inc on a $573m de-SPAC merger with Zapp Electric Vehicles
- Providence Equity Partners in its recommended cash offer for London-listed Hyve Group plc.
- OMERS in its acquisition of Bionic from ECI Partners
- PSG on its sale of Nomentia Oy (Finland), a provider of software as a service (SaaS) solutions for finance and treasury cash management, to Inflexion Private Equity Partners.
- CVC Capital Partners on a number of transactions, including recently on: its acquisition of Radwell International and its acquisition of Dale Partners Limited
- Sun European Partners on a number of transactions, including recently on: the take private of K3 Capital Group plc, and its sale of Tet Topco Limited (d/b/a Adler & Allan Limited) to Cheshire Bidco Ltd (private equity business of Goldman Sachs Alternatives)
- TPG on its $2.7bn acquisition of Angelo, Gordon & Co., L.P., a privately-held alternative investment firm managing approximately $73 billion with focus on credit and real estate strategies.
- Eutelsat on its proposed $3.4b business combination with OneWeb
- EO Charging on its proposed merger with First Reserve Sustainable Growth Corp., a SPAC sponsored by First Reserve Corporation
- Howden Group Holdings on a number of transactions, including recently on: its acquisition of the Aston Lark Group, and its acquisition of TigerRisk Partners, LLC from Flexpoint Ford and TigerRisk's management
- Generation Investment Management on its equity investment of up to $600 million in Octopus Energy Group
- Sumeru Equity Partners on a number of transactions, including recently on: its investment in iProov Limited, and its $300 million acquisition of beqom SA
- Clayton, Dubilier & Rice on the acquisition of OCS, as part of its simultaneous acquisition of Atalian
- Permira on its acquisition of a majority stake in Reorg Research Inc.
- Macquarie Asset Management on the acquisition of motorway service station business, Roadchef
- Bridgepoint and Bridgepoint Development Capital’s investments in Azzurri, HKA, Miller Homes, Reassured and Prescient Healthcare Group, and the acquisition of Pret A Manger by JAB Holdings for an undisclosed sum
- S4 Capital Plc on its acquisition of Firewood Marketing, Circus Marketing, Decoded Advertising and Metric Theory
- Inmarsat on its global employee and management equity incentive arrangements following its £2.6bn acquisition by a consortium of funds including Apax, Warburg Pincus and Ontario Teachers’ Pension Plan Board
- TA Associates and The Access Group on the investment in The Access Group by TA Associates and Hg that valued the Access business at approximately £1bn
- Boston Scientific Corporation on its £3.3bn acquisition of BTG Plc
- Vantiv Inc. (now WorldPay) on its £8bn acquisition of WorldPay Group Plc
- WorldPay on its $43bn merger with FIS
- Rockwell Collins on its $32bn merger with UTC
- CME Group Inc. on its £3.9bn acquisition of NEX Group Plc
- Travelport on its $4.4bn acquisition by Evergreen Coast Capital (an affiliate of Elliott Management) and Siris Capital
- Micro Focus International Plc on its $8.8bn acquisition of the software business of HP and the $2.3bn disposal of its SUSE business to EQT Partners
*includes experience from previous firms
Awards and Recognition, Speaking Engagements, Guides and Resources, Latest Thinking, Firm News & Announcements
Latest Thinking
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UK Autumn Budget 2024: Tax Update
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Erica Rees,
Ellie Marques,
Daniella Abel,
Kevin Donegan,
Lizl Loubser,
Anna Ritchie and
Sean Wright
— October 30, 2024
On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full
The post UK Autumn Budget 2024: Tax Update appeared first on Weil Tax BLOG.
... -
Private Equity Outlook: Taxation of UK MIPs following the UK Government Autumn Budget
Blog Post — Tax Blog
— By
Oliver Walker,
Kevin Donegan and
Lizl Loubser
— October 30, 2024
Today, Rachel Reeves, the Chancellor of the Exchequer, delivered the 2024 Autumn Budget, the new Labour government’s first following their election to office in July. Among various other changes related to business taxation, Ms Reeves announced that the top rate of capital gains tax (CGT) that applies to the sale of shares would rise from
The post Private Equity Outlook: Taxation of UK MIPs following the UK Government Autumn Budget appeared first on Weil Tax BLOG.
... -
UK AUTUMN STATEMENT 2023: TAX UPDATE
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Kevin Donegan,
Enda Kerin,
Erica Rees and
Sean Wright
— November 22, 2023
On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, potentially the last such statement to precede the next UK general election.Despite mounting speculation over the past few days, there were no rabbits in the Chancellor’s hat, and today’s announcements were broadly in keeping with expectations. The headline items included the announcement that the current full expensing policy for businesses will be made permanent – a move which the Chancellor heralded as “the biggest business tax cut in modern British history” – and various changes to National Insurance contributions (NICs), including a reduction of the main rate and the abolition of Class 2 NICs for self-employed individuals. ...
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Is a share option (or other security) granted to an employee or director always within the charge of UK income tax? The Vermilion case offers some guidance.
Blog Post — Tax Blog
— By
Oliver Walker and
Kevin Donegan
— November 14, 2023
On 25 October 2023, the UK Supreme Court handed down its long-awaited judgment in HMRC v Vermilion[1]. The case concerned an individual investor - Mr Noble - whose company (Quest Advantage Ltd) ("Quest") was engaged to advise Vermilion on a turnaround strategy. ...
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Spring Budget 2023: Tax Update
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Erica Rees,
Kevin Donegan and
Akash Mehta
— March 15, 2023
On 15 March 2023, Chancellor Jeremy Hunt delivered his Spring Budget, declaring that this would be a budget focussed on growth ...
Firm News & Announcements
- Weil Advises PAI Partners on its Acquisition of Audiotonix Deal Brief — April 23, 2024
- Weil Advises General Atlantic’s BeyondNetZero Fund on Investment in GRESB Deal Brief — April 19, 2024