Capital Solutions
Legal and strategic advice on capital structure, control and risk.
Capital decisions shape far more than funding outcomes alone.
They determine who controls the business, how risk is allocated, how future transactions can occur and what flexibility is preserved or lost over time. Poorly structured capital arrangements can constrain growth, complicate governance or create misalignment between stakeholders.
Our role is to help decision-makers design capital funding structures that are deliberate, strategically sound and resilient for the long term.
Tourillon Law & Advisory advises companies, boards, investors and shareholders on how businesses are funded, controlled and governed at critical decision points. We support capital raises, restructures, capital management and investment arrangements, where funding choices have lasting legal, commercial and governance effects.
Scope of Advisory
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Strategic advice on how capital is introduced, layered and sequenced across the life of a business, from growth through acquisition, refinancing and exit.
Equity and hybrid capital structuring
Shareholder, investor and lender arrangements
Minority investments, strategic capital and control protections
Sequencing capital decisions ahead of growth, acquisition or exit
Structuring with future transactions, refinancing or liquidity events in mind
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Advisory focused on how capital structure translates into decision-making authority, economic rights and accountability at board and shareholder level.
Allocation of control, veto and information rights
Board composition, reserved matters and governance frameworks
Founder, investor and lender dynamics
Alignment between capital structure and long-term governance outcomes
Managing competing interests across stakeholder groups
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Risk assessment, structural diligence and approval pathways to ensure capital structure is sound, authorised and resilient.
Structural and legal risk assessment
Testing capital changes across governance and approvals
Mapping the rights of stakeholders
Regulatory and approval pathways including sector-specific considerations, board and shareholder approvals
Downside protection, contingency planning and risk allocation
Coordination with financial, tax and other advisers where required
When we are engaged
A capital structure is being shaped or reconsidered
Boards, founders and investors are assessing how a business should be funded and need clarity on the legal, governance and control implications of committing to a structure.
Control or ownership dynamics are changing
New capital will reshape ownership and control dynamics, altering shareholder rights, board influence or economic outcomes between stakeholders.
Future transactions matter
Capital is being raised with future acquisitions, exits or restructures in mind, and flexibility must be preserved.
Risk must be allocated deliberately
The capital structure needs to allocate downside exposure, protections and obligations clearly before any restructuring or funding decision is locked in.
How we advise
We advise through direct engagement with the decision-makers responsible for capital, control and long-term outcomes. Time is spent early clarifying objectives, constraints, and points of structural risk so advice is grounded, proportionate, and durable.
Capital architecture decisions are rarely isolated. We work alongside boards, founders, and investors to test how funding choices interact with governance, risk allocation, and future optionality. Assumptions are challenged where needed, and capital structures are designed to remain robust through signing, growth, stress events and future transactions.
Discuss your capital decision with us
If you are considering a capital structure, funding arrangement or investment decision that will affect control, risk or future transactions, we welcome an initial conversation to understand the context and determine how we can assist.