Jurisdiction(s):
United Kingdom

Key definition

Completion definition

What does Completion mean? In legal practice, Completion is the point at which a transaction is finally effected, sometimes called 'closing' in cross‑border deals: consideration is paid and title, assets or rights are transferred after all conditions precedent are satisfied or waived and the required completion documents are delivered. Not generally defined by legislation, it is a contractual expression used across conveyancing, corporate/M&A and finance, informed by common law. Key features include a completion date/time; completion mechanics (agenda or checklist); execution and delivery of transfers and ancillary documents; release of funds (often against undertakings); and, where relevant, escrow or virtual completion. Completion usually fixes when...

Private equity buyouts: solicitors' guide to exchange and completion—checklists, virtual and physical signings, execution formalities, approvals, deliverables, escrow and funds flow

Published by a LexisNexis Corporate expert

Practice notes

This Practice Note forms part of the Lexis+® UK Corporate private equity buyout transaction collection. On completion, the necessary formalities to finalise and give effect to the private equity buyout are carried out, such as signing the stock transfer form and delivering and executing all completion deliverables specified in the share purchase agreement (SPA) and the investment agreement (IA). Exchange—the execution of the SPA and IA—and completion can occur concurrently or be separated, depending on whether the transaction documents are unconditional or conditional. These stages may take place in person or remotely (by telephone and email). Refer to Practice Note: Issues arising where there is split exchange and completion—share and asset purchases...

Preparations for the completion meeting

Prepare list of documents/completion agenda

Prepare, well before completion, a document list identifying everything to be produced and who is responsible for each item.
Set out a timetable for the production of those documents.
Use the list to track progress on each deliverable.
Treat the completion agenda as a developed version of that list...

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Web page updated on 21/05/2026

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