Dulcie Daly

Dulcie Daly is a partner in the firm’s Tax practice. Dulcie’s practice focuses on UK and international tax, providing advice on all aspects of complex cross-border public and private M&A transactions in the private equity, technology and life sciences space. Dulcie also has experience in the tax aspects of debt finance and capital markets transactions, financial and corporate restructuring and incentive arrangements.

Dulcie’s representative experience includes:

• TA Associates and Francisco Partners on its agreement to become co-controlling shareholders of TA’s existing portfolio company, Orisha, a leading European vertical software company established to bring industry-specific ERP software to a variety of end markets in France
• Founders and Management of TLC Worldwide, a global market leader in tech-enabled, experience-based reward campaigns and loyalty programmes, on their reinvestment alongside bd-capital
• TA Associates
  • on its strategic growth investment alongside Carlyle in SER, a global Intelligent Content Automation software vendor
  • in a consortium with Stirling Square and Macquarie, on their recommended public offer to acquire Byggfakta, a provider of data, insights, and software solutions for the construction industry
  • together with Warburg Pincus, alongside the Epassi Group, on their agreement to acquire the Exercite Group, a leading B2B fitness platform providing employee health and fitness benefit solutions to corporate customers 
  • together with Warburg Pincus on their investment in Epassi, a leading digital payments provider for employee benefits
  • on its combination of Compusoft with Genstar-backed 2020 Technologies to create a global provider of planning and manufacturing solutions for residential and commercial spaces
  • on its investment in Apex Group, a global financial services provider to asset managers, financial institutions, family offices and corporates
• TowerBrook Capital Partners
  • on its acquisition of Team Eiffel, a leading provider of integrated consulting and project delivery, outsourcing and interim professional services, from Gilde
  • on its impact investment in Envevo, a provider of EV design and installation engineering services
  • on its impact investment in TXO, a provider of telecom network hardware and asset management services 
  • on the establishment of a new real estate lending platform, Precede Capital Partners (formerly Précis), with a multi-billion pound residential development fund and the subsequent stake sale to and joint venture partnership with QuadReal Property Group
  • on its acquisition of leading provider of premium finance for commercial and retail insurance products, Premium Credit, from Cinven
• McWin Capital Partners on its acquisition of the popular restaurant chain, Sticks ‘n’ Sushi, originating in Denmark with additional restaurant sites in the UK and Germany
• Partners Group and its portfolio company Emeria Group, on the acquisition of Chestertons UK, one of London’s largest and oldest estate agents
• Aurelius on the sale of the online pharmacy division of its portfolio company, LloydsPharmacy group, to Pharmacy2U Ltd
• Energy Impact Partners on its investment in myenergi, a British designer and manufacturer of renewable energy products
• Canopy Growth on its sale of This Works, a sleep, skincare and wellness brand, to Inspirit Capital
• Alpha Wave Global on its investment, alongside Mubadala Capital, in multinational hospitality company Aman Resorts
• FNZ, a global wealth management fintech backed by Private Equity investors on its agreement to acquire IFSAM, a Luxembourg-based business-to-business fund platform
• Wavecrest on its investment in HICX, a supplier experience management provider
• ECI Partners on its sale of 4Ways, a leading UK tele-diagnostic company, to Evidia, a leading radiology and radiotherapy services provider backed by EQT Infrastructure
• Summit Partners on its investment in Energy Aspects, provider of energy data analysis and market intelligence
• Antin Infrastructure Partners
  • on its investment in RAW Charging, an electric vehicle charging system retailer, distributor and installer and supplier of electric vehicle charging infrastructure 
  • on its acquisition of Pulsant, a nationwide provider of data centre and cloud infrastructure in the UK
• LDC
  • on its acquisition of ETS, the primary service and technology provider to the DSB, the global numbering agency for over-the-counter derivatives
  • on its acquisition of Wifinity, a Gigabit Internet Service Provider, with products and services connecting over 6 million people a year
• ODLO International, a Swiss performance brand in Monte Rosa Capital’s portfolio, on its agreement to acquire British sailing brand, Henri-Lloyd
• Mayfair Equity Partners
  • on its acquisition of TrustedHousesitters, a category-defining, subscription-based pet-sitting and travel community, from Rockpool Investments
  • on its bolt-on acquisition of Colibri, a technology consultancy company with operations in the UK and Romania through its portfolio company, Nasstar
  • on its sale of Talon Outdoor, provider of marketing and outdoor advertising services, to Equistone Partners Europe
  • on its investment in LoopMe, developer of a brand advertising mobile platform
  • on its investment in Tangle Teezer, a global haircare brand, valuing the company at more than £70 million
  • and its portfolio company, Parcel2Go, on its agreement with EQT Private Equity in which EQT will acquire a majority stake in Parcel2Go. Parcel2Go has grown to be the category leader, providing marketplace services to all major UK carriers, offering collection and delivery services throughout the UK, Europe, and countries across the world
• Queen's Park Equity on its investment in TelcoSwitch, a leading communications software provider to the UK SME market
• York Capital Management
  • and its portfolio company Cennox on their acquisition of iTech, a leading Irish transport provider providing specialised services associated with moving and locating high technology equipment
  • and its portfolio company Cennox on their acquisition of Lincsafe, a cash automation equipment and solutions business
• EQT-backed Cerba Healthcare on its agreement to acquire specialized contract research organization Viroclinics from Summit Partners
• Bregal Milestone on its acquisition of Redstor, a category-leading data management and SaaS protection company headquartered in the UK
• HqO
  • on its acquisition of Leesman Limited, a world leader in measuring and analysing the experiences of employees in their places of work
  • onthe end-to-end tenant experience platform for commercial real estate properties, on its acquisition of Office App, a leading European tenant and employee engagement platform
• Graphite Capital
  • on its acquisition of Storal Learning, one of the highest-quality nursery operators in the UK
  • on its acquisition of Opus Talent Solutions, an international recruitment business specialising in the technology and renewable energy markets
  • on its £428 million sale of U-POL, an automotive repair and refinishing products provider, to Axalta Coating Systems
• Alvarium on its combination with Cartesian Growth Corporation, Tiedemann Advisors, and TIG Advisors to form ALTi Global, Inc. in a deSPAC transaction creating a leading independent, global wealth and asset manager providing entrepreneurs, multi-generational families and institutions with fiduciary capabilities as well as alternative investment strategies and strategic advisory services
• Tiancheng International Investment on the exchange of contracts to indirectly dispose of its majority stake in Biotest, a specialist in innovative hematology and clinical immunology solutions, to Grifols for €1.1 billion
• Halo Technology, a portfolio company of Inflexion Private Equity, on its acquisition of Solid Optics, a global provider of compatible transceivers, high-speed cabling and multiplexers
• SportPursuit, the leading online private sales club in the UK and Germany focused on sports, outdoor and active lifestyle products, in connection with private equity firm bd-capital’s investment in the company
• Advent International on its €1 billion acquisition of the UK operations of Hermes parcel delivery group and minority investment in their German operations*
• Acadia Healthcare Company, Inc. on its £1.08 billion sale of The Priory Group to Waterland Private Equity*
• Bain Capital Private Equity and its consortium partners on the €2.1 billion proposed public takeover of Ahlstrom-Munksjö Oyj*
• Warburg Pincus on its minority investment in Visma, a leading provider of business-critical software, in a transaction valuing the business at an enterprise value of $12.2 billion*
• The Ardonagh Group, majority owned by Madison Dearborn Partners and HPS Investment Partners, on the tax aspects in connection with the largest-ever unitranche financing transaction globally*
• Metaswitch Networks, a portfolio company of Francisco Partners and leading provider of virtualized network software and voice, data and communications solutions for operators, on its sale to Microsoft Corporation*
• Advanced, a portfolio company of BC Partners and Vista Equity Partners, on its acquisition of legal technology business Tikit Limited from BT*
• The bidding consortium led by Advent, Cinven and the RAG-Stiftung on the acquisition of the elevator division of thyssenkrupp AG*

*Denotes experience prior to joining Goodwin.

Prior to joining Goodwin, Dulcie was a Tax partner at Kirkland & Ellis in London. Her legal career began at Clifford Chance before joining Kirkland.

Dulcie is recognized as a ‘Leading Individual’ for Corporate Tax by the Legal 500 UK (2024). Client testimonials noted: “Dulcie is an excellent resource for deal advice and implementation. She is very user friendly and exceptionally hard working to deal with pressures of deal work.” In previous editions she was named as a ‘Next Generation Lawyer’.