Tom Bacon

Tom Bacon
  1. People /

Tom Bacon

Tom Bacon

Partner

Tom Bacon
  1. People /

Tom Bacon

Tom Bacon

Partner

Tom Bacon

Partner

London

T: +44 (0) 20 3400 3706

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Biography

Tom Bacon is a Partner in BCLP’s Corporate Transactions team, with a practice focused on global public markets, advising both issuers and investment banks. He has deep experience across capital markets transactions, including IPOs, secondary offerings, and ongoing advisory for listed companies on their regulatory obligations, as well as domestic and cross-border public and private M&A.

Tom works across a broad range of sectors, with particular strength in Real Estate, Energy & Natural Resources, and Technology, Media & Telecommunications (TMT). His sector knowledge complements his transactional expertise, enabling him to deliver commercially grounded advice on complex deals and regulatory matters.

He is closely involved in UK regulatory and corporate governance developments, regularly advising clients on the FCA’s sponsor regime, the UK Listing Rules, AIM Rules, the UK Prospectus Regulation, ESG disclosure and governance, the Market Abuse Regulation, and broader corporate governance requirements.

Tom is a frequent speaker and trainer on these topics and contributes regularly to both legal and industry publications. He serves on the Consulting Editorial Boards for Lexis+ UK and Practical Law Company, where he advises on public company and capital markets matters.

Tom Bacon is a rising and promising figure – very engaged and solution-orientated.

Legal 500 UK, 2024

Tom Bacon in particular is technical, commercial and responsive which make him a standout partner.

Legal 500 UK, 2024

Getting deals done

Getting deals done

Is corporate deal-making on the brink of a long-awaited surge?

Our report examines the appetite for M&A from both a buy-side and sell-side perspective. We explore key M&A drivers and barriers and looks at ways that business leaders can bridge the gap between intention and action.

Admissions

  • England and Wales

Experience

Equity Capital Markets

  • Wheaton Precious Metals, on its admission to the standard listing segment of the Official List and the Main Market of the London Stock Exchange;
  • Industrials REIT on its transfer from the specialist fund segment to the premium list of the Main Market of the London Stock Exchange and migration to a secondary listing on the Main Board of the Johannesburg Stock Exchange;
  • Stifel Nicolaus Europe as nominated adviser, broker and sole bookrunner for AEX Gold Inc. in relation to AEX’s £42.5 million placing and admission to AIM;
  • Kape Technologies plc on its US$115 million cash-box placing and separate retail offer for subscription through online platform PrimaryBid;
  • Singer Capital Markets as nominated adviser and joint bookrunner to Eckoh plc on its £31 million acquisition of Syntec Holdings Limited and its oversubscribed £13 million placing;
  • Raven Property Group Ltd on its share buy-back from Invesco Asset Management Ltd;
  • The founders of a FinTech and E-commerce focused SPAC on its proposed IPO on Euronext Amsterdam;
  • Greatland Gold plc in its upsized US$35 million Placing;
  • Amiad Water Systems, on an investment of £17.6 million through a subscription of shares by FIMI, a leading Israeli private equity firm;
  • Singer Capital Markets as sponsor and settlement agent to The Investment Company plc in relation to the change of investment manager, board changes, buyback and issue of new shares;
  • Peel Hunt and Tamesis Partners on the US$17.5 million cash-box placing for AIM listed Serabi Gold plc. Peel Hunt and Tamesis acted as the joint bookrunners on the transaction;
  • Peel Hunt, finnCap and FirstEnergy Capital on the approximately £16.6 million placing for Independent Oil and Gas plc;
  • Peel Hunt and Auctus Advisors, on the US$11.7 million cash-box placing for premium listed Pharos Energy plc. Peel Hunt and Auctus Advisors acted as joint bookrunners on the transaction.

Public M&A

  • Industrials REIT on its £500 million take private by Blackstone;
  • Secure Income REIT plc on its recommended merger with LXi REIT plc;
  • London-listed Playtech plc on its agreed takeover by Australian company Aristocrat Leisure. The offer values the issued and to be issued share capital of Playtech at £2.1 billion and gives Playtech an enterprise value of £2.7 billion;
  • Daejan Holdings PLC, a FTSE 250 company, in connection with the recommended public offer by the controlling Freshwater concert party, valuing the target at just over £1.3 billion;
  • Redde on its £680 million all-share merger with Northgate;
  • Playtech plc, on multiple transactions, including its acquisition of approximately 70.6 per cent of the issued share capital of Snaitech S.p.A, a leading operator in the Italia n gaming and betting market (the aggregate enterprise value of the transaction was €846 million), and the sale of Snaitech S.p.A. to Flutter Entertainment Holdings Ireland Limited, a subsidiary of Flutter Entertainment plc, for a total enterprise value of EUR€2.3 billion in cash;
  • Dundee Precious Metals Inc. on its cash and shares offer for Adriatic Metals plc. The transaction values the entire issued share capital of Adriatic at approximately USD1.3 billion.

Private M&A

  • Land Securities Group plc on its disposal of One New Street Square to Chinachem Group for a total consideration of £349.5 million;
  • Land Securities Group plc on its disposal of 21 Moorfields to an investment vehicle managed by global real estate and investments group, Lendlease;
  • Land Securities Group plc on its disposal of 1 and 2 New Ludgate to Sun Venture for a cash consideration of £552 million;
  • Aedifica NV/SA on the £450 million acquisition of a portfolio of 93 care homes portfolio from Lone Star. The deal was notable as being one of the largest UK healthcare transactions of 2018;
  • On the sale of privately owned Express Vending Group, a commercial vending machines supplier within London & the UK, to KKR backed Selecta AG, a European vending services operator;
  • Keppel DC REIT on its acquisition of a Dutch company owning a data centre in the Schiphol area of Amsterdam for approximately €30 million;
  • Aedifica UK Limited, the UK-subsidiary of Aedifica NV/SA, on its £61 million acquisition of Sapphire Properties 2016 Limited, a special purpose vehicle holding a portfolio of 5 fully operational purpose-built care homes in the UK;
  • Aedifica NV/SA on the internalization of its local property manager, Layland Walker Limited;
  • On the sales of Star Payroll, the payroll software solution provider, and Star Professional Software Solutions, a leading global provider of practice management software for professional firms.

Related Insights

Insights
Oct 24, 2025

FCA fines an employee for insider dealing

On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information.  The FCA has imposed a financial penalty of £100,281 (reduced from £126,575).
Insights
Oct 22, 2025

FCA Primary Market Bulletin No.58

This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime.
Insights
Sep 16, 2025

Market soundings at corporate finance firms

The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
Insights
Jul 08, 2025

Takeover Panel consultation and new practice statements

The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with a dual class share structure when a shareholder’s percentage of voting is increased as a consequence of a trigger event.Comments on the consultation paper should be made by 26 September 2025. Any changes will come into effect in Q1 2026.The Panel has also published two new Practice Statements on (i) profit forecasts, quantified financial benefits statements and investment research and (ii) unlisted share alternatives.
Insights
Jun 18, 2025

Upper Tribunal ruling in the case of Craig Donaldson and David Arden (Metro Bank)

The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules.The decision serves as a reminder of the importance for listed company directors to ensure that any market disclosures made by a listed company are accurate, not misleading or deceptive, and do not omit anything likely to affect the import of the information that is disclosed.
Insights
Apr 07, 2025

London Stock Exchange Discussion paper – Shaping the future of AIM

The ‘Jewel in the Crown’ of London’s markets, AIM has been a central feature of UK capital markets for the last 30 years providing growing companies with access to capital and liquidity. Now the London Stock Exchange would like stakeholders to provide feedback on the overall functioning and positioning of AIM along with input on a number of specific proposals for changes to the AIM Rules. Comments are requested by 16 June 2025. After significant reform to the UK Listing Rules, this discussion paper is the next step in getting the UK’s capital markets ecosystem ‘match fit’. With AIM companies contributing approximately £68bn to the UK economy (more than agriculture, fishing and forestry combined), the importance of this paper cannot be overstated in the context of the UK’s growth agenda.

Related Insights

Insights
Oct 24, 2025
FCA fines an employee for insider dealing
On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information.  The FCA has imposed a financial penalty of £100,281 (reduced from £126,575).
Insights
Oct 22, 2025
FCA Primary Market Bulletin No.58
This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime.
Insights
Sep 16, 2025
Market soundings at corporate finance firms
The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
Insights
Jul 08, 2025
Takeover Panel consultation and new practice statements
The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with a dual class share structure when a shareholder’s percentage of voting is increased as a consequence of a trigger event.Comments on the consultation paper should be made by 26 September 2025. Any changes will come into effect in Q1 2026.The Panel has also published two new Practice Statements on (i) profit forecasts, quantified financial benefits statements and investment research and (ii) unlisted share alternatives.
Insights
Jun 18, 2025
Upper Tribunal ruling in the case of Craig Donaldson and David Arden (Metro Bank)
The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules.The decision serves as a reminder of the importance for listed company directors to ensure that any market disclosures made by a listed company are accurate, not misleading or deceptive, and do not omit anything likely to affect the import of the information that is disclosed.
News
Jun 13, 2025
BCLP advised Dundee Precious Metals on cash and shares offer for Adriatic Metals
News
Jun 05, 2025
BCLP advises Tristan Capital Partners on €400m pan-European easyHotel takeover
News
May 09, 2025
BCLP advises iFOREX on potential IPO
Insights
Apr 07, 2025
London Stock Exchange Discussion paper – Shaping the future of AIM
The ‘Jewel in the Crown’ of London’s markets, AIM has been a central feature of UK capital markets for the last 30 years providing growing companies with access to capital and liquidity. Now the London Stock Exchange would like stakeholders to provide feedback on the overall functioning and positioning of AIM along with input on a number of specific proposals for changes to the AIM Rules. Comments are requested by 16 June 2025. After significant reform to the UK Listing Rules, this discussion paper is the next step in getting the UK’s capital markets ecosystem ‘match fit’. With AIM companies contributing approximately £68bn to the UK economy (more than agriculture, fishing and forestry combined), the importance of this paper cannot be overstated in the context of the UK’s growth agenda.