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SALISBURY HOUSE, LONDON WALL, LONDON, EC2M 5PS, ENGLAND
Tel:
Work 020 7638 9271
Fax:
Fax 020 7628 7525
DX:
33862 FINSBURY SQUARE
Email:
Web:
www.druces.com

Christopher Axford

Tel:
Work 020 7638 9271
Email:
Web:
www.druces.com/staff/christopher-axford/
Druces LLP

Work Department

Corporate and Commercial Department.

Position

Partner in the Corporate and Commercial Department, dealing with a broad range of corporate, commercial and finance work. He has wide ranging experience including AIM work, national and international joint ventures and group restructuring and specialises in mergers and acquisitions in regulated industries. Particular expertise in acting for financiers, lenders, owners and operators in the regulated care home sector, dealing with the acquisition and disposal of businesses in that sector and providing ongoing advice on regulatory and commercial matters. Co author: chapters on purchase, sale and funding of care homes in ‘Care Standards: A Practical Guide’ (2nd edition, Jordans, 2010). Leads the firm’s Islamic finance practice.

Career

Called to the Bar in 2000 by the Honourable Society of Lincoln’s Inn and cross-qualified as a solicitor in 2003; Quartson & Co, London – assistant solicitor 2003-05; Middleton Potts – assistant solicitor 2005-06; Middleton Potts – partner 2006-07; Druces LLP (formerly Druces & Attlee) – partner 2007 to present.

Member

City of London Law Society; Honourable Society of Lincoln’s Inn.

Education

Eltham College, London; University of Exeter (1998 BA Hons); BPP Law School, London (Postgraduate Diploma in Law 1999).

Leisure

Fine wine and food, the theatre, reading and attending the gym.


London: Corporate and commercial

M&A: smaller deals up to £50m

Within: M&A: smaller deals up to £50m

Healthcare is a sector strength for the team at Druces LLP, which is led by Toby Stroh; in a recent highlight, he and Christopher Axford (who also specialises in shari’ah-compliant transactions) acted for the Montreux Healthcare Fund on its acquisition of Active Assistance (UK) Group, and Axford also advised part of Pickstock Group on the sale of a residential nursing home to Guide Total Care Group. In the biotech sphere, David Smith and David Bennett acted for Summit Therapeutics on the acquisition of an antibiotic discovery and development platform. Other sectors in which the team has been active include manufacturing, hotels and leisure, pensions and technology; the latter is a particular area of growth for the practice. The team has an established client base of institutional fund and listed companies, as well as private companies and investors, including Exclusive Care Group, Emerald Fund of Funds, Napier Capital Partners and Dentons Pension Management.

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London: Finance

Islamic finance

Within: Islamic finance

Christopher Axford heads the team at Druces LLP, who have particular experience in real estate securities predominantly, advising on cost-plus and commodity murabaha, wakala, ijarah, mudarabah and musharakah structures. The team has recently expanded, recruiting senior associate Sophie Vann from White & Case. The team has added British Arab Commercial Bank to their roster of panel appointments, which also includes the Bank of London and The Middle East. Simon Pullen and Suzanne Middleton-Lindsley are also key contacts.

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London: Real estate

Property finance

Within: Property finance

At Druces LLP, the 'overall level of service is superb': 'partners stay actively engaged in the deals and provide commercial, sensible advice'. Shari'ah-compliant matters are a niche specialism of the team, which acted for key client Bank of London and the Middle East on a series of loan facilities to property developers involving development and refurbishment financing, and it also has a niche specialism in syndicated property investment. In addition, the team handles conventional acquisition and development finance and refinancing; recent highlights include advising a corporate borrower on the £15m financing of a large mixed-use development in the City of London, as well as acting for a different borrower client on the acquisition and refinancing of a number of care homes across the UK. Christopher Axford heads the practice, which also includes Suzanne Middleton-Lindsley and Simon Pullen, who 'demonstrate an excellent technical ability, are thorough and methodical, and best of all are an absolute pleasure to deal with'.

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Legal Developments by:
Druces LLP

  • New revised guidelines for administrators in pre-pack sales

    Pre-pack sales by administrators are now used frequently enough for most people in business to be aware of them and many have come across them in their business lives. A small amount of controversy still attaches to pre-packs, but it is probably right to say that they are now an accepted part of the UK business scene as a useful means of rescuing a business in difficulty and preserving some or all of the jobs connected with the business.
    - Druces

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