| 
Kavita Patel Partner
T: 0870 763 1645
Kavita specialises in private equity and corporate finance transactions including establishment of investment funds, public and private fund raisings, venture capital and private equity investments, takeover, mergers and reconstructions. Structuring specialist, in particular in relation to VCT/EIS fundraisings and private equity investments.
Experience
A natural, entrepreneurial and clever dealmaker who can drive matters forward. Pioneering by nature, her legal perspicacity is supported by superb drafting skills coupled with a goal driven project management approach to success for clients. Some of Kavita’s significant corporate finance transactions include:
- Listing on the Official List and offers for subscription to the public, including a linked £48m offer for subscription between the four Foresight VCTs, admission of Freshwater UK to AiM and a £16m linked offer for two of the Baronsmead VCTs.
- Establishment of investment funds including full listed funds as well as limited partnerships. Examples include Foresight 2 VCT; a £30m VCT listed on the Official list and the Rainbow Seed Fund; a £9 million limited partnership established by 12 research institutes led by CCLRC, Dstl, NERC and BBSRC.
- Ongoing work for investment funds and their investments; regulatory and statutory compliance (FSA Listing Rules and Disclosure Rules, FSMA, VCT/EIS rules) and corporate governance (directors’ duties, company legislation and combined code).
- Public company takeovers, mergers and restructurings including advising Private Equity Investor on its £17.5m capital return completed by way of a tender offer by JPMorgan Cazenove, advising Capital Revisions plc on the recommended takeover by Sovereign Revisions plc and the restructurings of listed investment funds to merge their separate share classes and investments. The latter requires careful structuring to ensure the underlying assets and shareholder base preserve tax reliefs/qualifying status.
- Lead adviser on the first VCT mergers completed pursuant to a recommended takeover offer and by means of a s.110 scheme of reconstruction. Has completed three quarters of the VCT mergers, the most recent being the merger of the Artemis AiM VCTs (£40m), three of the Core VCTs and Guinness Flight and Gateway VCTs.
- Private equity transactions including the £8m MBO of Autologic (Diagnos), a diagnostics company in the automotive sector supported by funds advised by Foresight Group and Octopus Investments and the £4m BIMBO of ICA Digital supported by Royal Bank of Scotland and funds advised by Foresight Group.
- Venture capital investments, in particular recently in the environmental infrastructure sector and technology generally. Environmental infrastructure investments include £10m over 3 rounds of investment from investors for Closed Loop Recycling, a plastics recycling company, £5m investment by funds advised by Foresight Group in Crumb Rubber, a rubber recycling company and £5m in Land Energy, a wood to energy plant. Technology investments include £17m by funds advised by Triplepoint Investments in a series of companies involved in cinema digital deployment for Odeon cinemas and £4m by funds advised by Octopus Investments in companies involved in ticket sales.
Additional information
- LLB; LPC; qualified Martineau 2001; Associate 2004; Partner May 2007, Head of Corporate Finance 2009
- Alstom T&D (1995-1998, Degree Sponsorship and experience in tendering for small power transformers)
Client Quotes
- “Kavita is a hardworking and conscientious lawyer whose capacity for documenting highly complex legal structures has grown in line with the growth of Foresight Group. I would highly recommend her.”
Bernard Fairman - Managing Partner, Foresight Group
- “From a client perspective, what was quite a complex transaction with differing underlying portfolios went pretty much without a hitch, and I was impressed that we got a deal done within timescale, on budget and importantly, partner led. I could honestly not find fault with any aspect of the transaction .”
Bill Nixon - Managing Partner, Maven Capital Partners
- “The team at Martineau were quick to react to a proposal which was technically challenging and together we were able to find a structure which satisfied our commercial requirements as well as VCT legislation and to complete the transaction in a very short timescale. Martineau’s VCT expertise was invaluable to getting the deal done.”
Michael Bayer, Triplepoint Investments
|
