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Burges Salmon LLP

Living Wage
ONE GLASS WHARF, BRISTOL, BS2 0ZX, ENGLAND
Tel:
Work 0117 939 2000
Fax:
Fax 0117 902 4400
DX:
7829 BRISTOL
Email:
Web:
www.burges-salmon.com
Bristol, London

Mark Shepherd

Tel:
Work 0117 902 6624
Email:
Burges Salmon LLP

Work Department

Corporate.

Position

Partner in the Corporate Finance team and head of private equity. Focuses on private equity with significant experience advising institutions, management and investee companies on buy-outs, buy-ins, development capital transactions, re-financings and exits. Also advises public and private companies on mergers and acquisitions, fundraisings and joint ventures as well as general corporate advice.

Career

Trained Simmons & Simmons 1997-1999; solicitor at Simmons & Simmons 1999-2002; joined Burges Salmon 2002; partner since 2008.

Education

Attended University of Bristol - Law (LLB and LPC).


London: Corporate and commercial

Flotations: small and mid-cap

Within: Flotations: small and mid-cap

Burges Salmon LLP fields a number of practitioners with experience of AIM IPOs, secondary fundraisings and demergers, among other matters. As part of its transactional work, the team advises clients on associated regulatory issues, such as those involving the AIM Rules, Disclosure and Transparency Rules and the City Code on Takeovers and Mergers. Nick Graves leads the team, which has a particular sweet spot in energy sector transactions; in 2017, Mark Shepherd was the lead adviser to AIM-listed company ITM Power Plc on a £29.4m placing and open offer. Dominic Davis, Chris Godfrey and Rupert Weston are other individuals with experience of AIM transactions. The firm's NOMAD clients include Stockdale Securities, GCA Altium and WH Ireland. 

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M&A: lower mid-market deals, £50m-£250m

Within: M&A: lower mid-market deals, £50m-£250m

The ‚Äėtruly partner led practice‚Äô at¬†Burges Salmon LLP¬†provides ‚Äėan impeccable level of service all round, including value for money‚Äô. Bristol-based head of practice¬†Richard Spink¬†is ‚Äėan assured practitioner, who is consistently able to deliver‚Äô; his expertise lies in corporate transactions for private equity clients. The ‚Äėvery personable, knowledgeable and pragmatic‚Äô¬†Camilla Usher-Clark¬†is a core member of the firm‚Äôs energy sector.¬†Jonathan Eves¬†and senior associate¬†Julie Book¬†are ‚Äėexperts in solar PV and energy storage deals‚Äô; one highlight of this nature saw Eves advise Maas Capital Renewables on its entry into a joint venture with Solarplicity to install rooftop solar facilities for housing association tenants across the UK.¬†Alan Barr¬†, hotels and leisure expert¬†Rupert Weston¬†, private equity specialist¬†Mark Shepherd¬†and senior associate¬†Tim Roberts¬†are also recommended.

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Venture capital

Within: Venture capital

Headed from the firm's Bristol headquarters by Mark Shepherd, Burges Salmon LLP handles a significant amount of venture capital work for both investors and investees as a function of its broader private equity offering. Particularly strong in sectoral areas of focus for the firm including renewable energy, the team covers investments across the life cycle of the funding process and also benefits from the ability to leverage the firm's private client pedigree, of particular use in relation to early stage investment on behalf of ultra-high-net-worth angel investors and their family offices. Recent highlights include advised German semiconductor manufacturer Infineon on its Series E investment in XMOS, a leading supplier of voice and audio solutions to the consumer market.  Richard Spink is also recommended. Other clients include Ingenious Investments, Octopus Investments and Play Sports Network.

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London: Public sector

Healthcare

Within: Healthcare

Burges Salmon LLP's practice has a strong focus on advising leading suppliers and private healthcare operators on procurement, commercial contracts and corporate matters. The team counts Virgin Care, Optegra Eye Healthcare and Oxford University and Oxford University Hospital NHS Trust as clients. Mark Shepherd specialises in corporate and commercial transactions; he assisted Optegra Eye Healthcare on its acquisition of Arnott Eye Associates. Will Woodall advises investors in matters involving care homes and retirement villages. Patrick Parkin supported Virgin Care with the finalisation of its £700 m community healthcare service contract with commissioners in Bath & North East Somerset. Richard Binns is recommended for litigation work, and Paul Doherty is recommended for real estate matters.

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South West: Corporate and commercial

Corporate and commercial: Bristol

Within: Corporate and commercial: Bristol

Burges Salmon LLP¬†attracts praise for its¬†‚Äėextensive commercial and industry knowledge‚Äô. The department has been increasingly active in deals with US and Asian funders, especially those from Singapore and Malaysia, and continues to see substantial instructions emanating from Europe. Jonathan Eves¬†assisted Netherlands-based Maas Capital with a large-scale joint venture agreement with Solarplicity for a rooftop solar panel installation, which will provide energy to 800,000 housing association tenants across the UK. Though the majority of its clients are based outside of the South West, the team does win significant regional instructions. For instance, Dominic Davis¬†advised the founding shareholders of Bristol‚Äôs Pukka Herbs on its acquisition by Unilever. Mark Shepherd¬†and Richard Spink¬†‚Äėensure positive outcomes for their clients‚Äô and specialise in private equity transactions. In addition to its M&A work, the corporate group also has experience in equity capital markets and funds transactions, which are relatively unique to the region. Chris Godfrey¬†has experience advising issuers and brokers in equity capital markets transactions, while Jeremy Bell¬†, who¬†specialises in structuring private investment funds, joined the team from Ashurst¬†in 2017. Camilla Usher-Clark¬†has been involved in a number of significant energy transactions, and Rupert Weston¬†is another key figure in the department.

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Legal Developments by:
Burges Salmon LLP

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of ‚ā¨50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over ‚ā¨1m), monitoring the water table for 20 years (over ‚ā¨500,000), monitoring fauna over three years (‚ā¨150,000) and rehabilitation in accordance with best available ecological techniques (nearly ‚ā¨2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than ‚ā¨6.5m. ‚Ä©
    - Burges Salmon LLP

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