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Penningtons Manches Cooper

Work 01223 465465
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131971 CAMBRIDGE 6

Ross McNaughton

Work 01223 465422
Penningtons Manches Cooper

Work Department



Corporate partner based in the Cambridge and London offices of Penningtons Manches LLP, a leading, full service UK law firm. 

Ross has extensive experience of a variety of mergers and acquisitions, public and private equity capital raisings, general corporate law and corporate governance advice. His experience spans the range on acting for both the largest corporates and institutions on their transformational mergers and IPOs to smaller, strategic investments and acquisitions. Ross also has a keen interest and experience in pre-IPO investments and strategic corporate stakes.

He has worked across a variety of sectors, and has a particular emphasis on the financial and professional services and technology and life sciences industries.

As well as working in leading UK and US firms, Ross has undertaken two secondments to investment banks in London, including recently to the ECM Execution desk at Citigroup, where he provided execution support to the Citi team in their role in several high profile ECM transactions.


Trained at Herbert Smith; qualified in 2004; made partner at Penningtons Manches in 2015.


Publications of note: PLC magazine, Jan 2012: Pricing Mechanisms: locked box vs completion accounts; PLC magazine, August 2015: Cornerstone Investments in IPOs: the new normal for European markets?


Main secondary school attended: Royal Grammar School, High Wycombe
Universities attended: University of Nottingham 1999, BA (hons), 1st; Nottingham Law School 2000, PgDL, commendation; 2001, LPC, distinction.

East Anglia: Corporate and commercial

Corporate and commercial: Cambridge

Within: Leading individuals

Ross McNaughton - Penningtons Manches Cooper

Within: Corporate and commercial: Cambridge

Penningtons Manches Cooper¬†is praised for its ‚Äėexcellent and prompt advice‚Äė. The Cambridge office handles a growing number of high-value deals, especially those with an international element, thanks in part to a close relationship with the firm's office in San Francisco, US.¬†Helen Drayton¬†is the key partner in Cambridge and clients remark that she ‚Äėhas excellent all round depth of knowledge, responds fast and is determined to get the best for her clients‚Äė. ‚ÄėHer advice is the best available‚Äė, says one. She¬†acted for James Dolan Limited in the acquisition of the Dooley Rumble Group Limited, which gave the company a foothold in the freight forwarding sector. Another key deal saw her advise¬†Ellgia Recycling Limited on¬†the acquisition of assets of Purple Recycling Limited as part of the expansion of its services across Cambridgeshire and Suffolk. Partner¬†Ross McNaughton, who spent some time on secondment to the San Francisco office but remains a key part of the Cambridge team, specialises in corporate transactions in the¬†technology and life sciences sectors. He assisted Klareco Communications with its separation from Bell Pottinger. Senior associate¬†Rachel Bradley, who handles IP, IT and commercial matters, is also recommended.¬†James Stephen¬†¬†joined¬†Bircham Dyson Bell.

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East Anglia: TMT (technology, media and telecoms)


Within: Biotechnology

At Penningtons Manches Cooper, biotechnology is a key industry sector across the firm's national network of offices and the key lawyers in Cambridge frequently advise start-ups and established companies in the sector on corporate and finance matters. Corporate partner Ross McNaughton plays a key part in the firm's life sciences team and last year he assisted a drug discovery company with drafting and negotiating a master services agreement for the provision of data room services by a US company, which involved complex issues around data protection. Senior associate Rachel Bradley in the IP, IT and commercial practice has more than 12 years' experience, which includes a stint as corporate counsel for a pharmaceutical company.

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London: Corporate and commercial

M&A: smaller deals up to £50m

Within: M&A: smaller deals up to £50m

The team at Penningtons Manches Cooper specialises in the technology, real estate, life sciences, and fashion and luxury goods sectors, regularly acting for high-net-worth individuals, entrepreneurs, owner-managed companies, investors and plcs. Among other highlights, practice head Matthew Martin advised the shareholders of Oscar Mayer Group on its sale to a new vehicle set up by a German private equity fund; Ross McNaughton acted for Klareco Communications on its separation from Bell Pottinger out of administration; senior associate Gemma Davis assisted Aprirose with the £70m acquisition of a portfolio of pubs from Mitchells & Butlers; and Christopher Owen advised NewsQuest Media Group on the acquisitions of news publishers in Scotland, Northern Ireland, the Isle of Wight and Berkshire. Stephen Goldstraw, Melvin Pedro, James Klein (who practises in London and San Francisco) and consultant Teja Picton-Howell are also noted. Other key clients include All Saints Retail, Klareco Communications, OTAS Technologies, MRH and Inauthentic Restaurant Holdings.

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