Travers Smith LLP has advised the senior management team of the TCR Group, the largest independent lessor of airport ground support equipment, on the sale by 3i Infrastructure ("3iN") of its 71% stake in TCR.

Travers Smith LLP has advised Fundsmith, the London-based investment manager, on the c.£680m rollover of assets from Smithson Investment Trust into Smithson Equity Fund ("SEF").

Travers Smith LLP has advised Delancey, a UK-focused property and real estate infrastructure asset and investment manager, on the launch of a new specialist real estate credit strategy.

Travers Smith is proud to announce that we have been awarded the prestigious Chairman’s Cup at the 2025-2026 Clean City Awards – marking a historic achievement as the first organisation ever to claim this top honour in consecutive years in the awards’ 32-year history.

Travers Smith LLP has advised long-standing client August Equity ("August") on the sale of its investment in Hallmarq Veterinary Imaging ("Hallmarq") to funds advised by NORD Holding to support the strategic combination of Hallmarq and OR Technology.

Under the new EMIR/UK EMIR reporting rules and the latest set of amendments to EMIR (“EMIR 3.0”), greater focus is placed on reporting and reporting errors. Download our EMIR/UK EMIR Regulatory Reporting briefing to see how Travers Smith and Validus can help.

Welcome to our 'A new era for HR' podcast series.

A regular briefing for the alternative asset management industry. 

On 30 January 2026, the UK's Financial Conduct Authority ("FCA") launched a consultation on the introduction of mandatory sustainability reporting for listed companies, based on the yet-to-be-finalised UK Sustainability Reporting Standards ("UK SRS"). The consultation will be of high interest to any UK listed company – including overseas companies with a UK listing – though as we explain below, its immediate impact will be relatively limited for the next few years.

At the end of last year, we spent considerable ink (or its virtual equivalent) summarising HM Treasury's now finalised Financial Services and Markets 2000 (Cryptoassets) Regulations 2026 (the SI), and the FCA's barrage of cryptoasset consultation papers that followed in quick succession.

Although the new regulatory regime for heat networks came into force on 27 January 2026, a number of aspects are being phased in over the next 12 months. We look at what businesses caught by the regime need to do – and when.

Travers Smith LLP has advised long-standing client Investec Alternative Investment Management (“IAIM”), a subsidiary of Investec Bank plc (“Investec”), on the fundraising of its flagship fund, Investec Private Debt Fund II ("PDF II"). PDF II raised more than €600m in total commitments exceeding its target.

Travers Smith has advised the Hickman family on the sale of Pontrilas Group to Glennon Brothers.

HMRC has become increasingly assertive in seeking to apply income tax charges to returns that LLP members have viewed as capital or non-taxable in nature. This approach looks set to continue following last week's decision in The Boston Consulting Group (BCG) in which the Upper Tribunal (UT) held that a variety of anti-avoidance rules applied to a long-service remuneration scheme.

At the end of last year, the Serious Fraud Office (the "SFO") published guidance for corporates setting out 'when, why and how' it will evaluate an organisation's compliance programme (the "Guidance"). It replaces earlier internal guidance from the SFO (which previously formed part of its operational handbook for prosecutors) and builds on recent efforts by the SFO to improve transparency and provide clarity on how to proactively and effectively engage with, where necessary, fellow regulators (see for example, updated SFO guidance on self-reporting and cooperation published in April 2025 (see here) and the Joint SFO-CPS Corporate Prosecution Guidance published in August 2025 (see here)).

We expect the onward march of ESG-related litigation to continue throughout 2026.  Although the last 12 months have seen a fragmentation of policy approaches to ESG issues across various jurisdictions, we expect this only to encourage activists and claimants to redouble their focus on achieving their ESG goals via litigation.  

In this briefing we share a quickfire summary of ten of the key legal changes affecting the senior living sector that we'll be keeping our eyes on this year:

The UK Government published its response to the separate (but aligned) consultations on changing inflation indexation in the Renewables Obligation ("RO") and Feed-in Tariff ("FiT") schemes on 28 January 2026, confirming its intention to proceed with an immediate switch to CPI-based indexation ahead of the next annual adjustment scheduled in April 2026 (i.e. "Option 1" as set out in the original consultations).

Partner Adam Burk and Senior Counsel Ian Luby have authored a chapter on the securitisation of subscription lines and credit NAVs in the latest edition of Global Legal Insights’ annual fund finance publication. In this chapter, they examine the application of EU and UK securitisation rules to subscription lines and credit fund NAV facilities, outlining key regulatory obligations, emerging market trends, and the implications of recent legal developments for fund finance participants.