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Shepherd and Wedderburn

CONDOR HOUSE, 10 ST PAUL'S CHURCHYARD, LONDON, EC4M 8AL, ENGLAND
Tel:
Work 020 7429 4900
Fax:
Fax 020 7329 5939
DX:
98945 CHEAPSIDE-2
Email:
Web:
www.shepwedd.com

London: Corporate and commercial

Equity capital markets ‚Äď small-mid cap
Equity capital markets ‚Äď small-mid cap - ranked: tier 4

Shepherd and Wedderburn

Shepherd and Wedderburn's ECM group is headquartered in the firm's London office, but also draws on the expertise of lawyers from the firm's various offices throughout Scotland. The team is instructed by corporate issuers and broker/dealers, and boasts a spread of sector experience in areas such as natural resources, technology and healthcare. It has also been increasingly active in the fintech space. Practice head Walter Blake is rated for his 'common sense and practical approach', and Tom Swan was promoted to partner in 2018.

Practice head(s):Walter Blake

Other key lawyers:Paul Hally; Stephen Trombala; Tom Swan

Testimonials

'If an individual is not available then another with appropriate knowledge and experience has always been found.'

'Seamless teamwork; a go-to team for small and large transactions.'

'Walter Blake has exceptional breadth of experience, a common sense practical approach and is easy to work with.'

Key Clients

Aminex plc

Numis Securities Limited

Canaccord Genuity Limited

Stockdale Securities Limited

Iomart plc

PCI-PAL plc

Collagen Solutions plc

Bigblu Broadband plc

Tungsten Corporation plc

Nucleus Financial Group plc

IndigVision Group plc

European Assets Trust NV

Canadian General Investments Limited

Cairn Energy plc

Goals Soccer Centres plc

Work highlights

  • Acted for Nucleus Financial Group in its £140m AIM IPO.
  • Acted for PCI-Pal plc in its placing raising £5m.
  • Acted for BigBlu Broadband plc (previously called Satellite Solutions Worldwide Group plc) on its £12m placing to finance two acquisitions and working capital.
  • Acted for Stockdale Securities Limited in the £2.6m placing and open offer by AorTech International plc.
  • Advised Canaccord Genuity Limited on the conditional placing and subscription by Safestay plc to raise £10m and open offer to raise up to £1m.

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M&A: smaller deals, up to £50m
M&A: smaller deals, up to £50m - ranked: tier 2

Shepherd and Wedderburn

Shepherd and Wedderburn predominantly advises UK-based companies from a range of industries on corporate M&A transactions, with a growing presence in the overseas investor market. Key sector expertise lies in real estate, technology, natural resources and life sciences, the last of which Walter Blake, head of corporate, has notable experience in. The firm is adept at handling work for both established blue chip clients and fast growth companies, which is reflected in its client list. The 'invaluable' Carl Powlson has a broad spectrum of experience advising clients on cross-border corporate finance matters, with a notably strong track record in energy projects, in both the UK and abroad.

Practice head(s):Walter Blake

Other key lawyers:Carl Powlson

Testimonials

'Extremely user friendly, quickly identifying the key commercial factors within any part of a transaction'

'I have not come across a team that balances high quality advice, client focus and efficient management so well. Every time I put work their way I know it is in great hands'

'Carl Powlson has been an exceptional partner to work with - I greatly value not only the quality of his legal advice, but his solution focus that means we can get to the business outcomes we want.  I also get a clear sense that his associates enjoy working with him, which adds to the quality of support we get'

Key Clients

Sheffield United

BigBlu Broadband

PCI-PAL

ICG-Longbow

Reach

SOCO International

Andritz AG

Collagen Solutions

European Assets Trust

Cairn Energy

DySis Medical

Cluff Natural Resources

Peninsula Energy

EMR Capital

Ellandi

Goals Soccer Centres

Scarborough Group International

Miller Group

Nucleus IFA Company

Canaccord Genuity

Stockdale Securities

Trustees of Boston University

Waters Group

Scoop Asset Management

Work highlights

  • Represented Nucleus IFA Company as a major shareholder in Nucleus Financial Group on its IPO on AIM, with a £140m market capitalisation.
  • Represented DySIS Medical on all aspects of its £18m investment round.
  • Advised BigBlu Broadband on two corporate acquisitions -Sat internet and OpenSky, in Germany and Italy respectively.
  • Acted for Fairbriar Developments on its sale of the PRS element of the Middlewood Locks Scheme to Get Living.
  • Advised SOCO International plc on the sale of its upstream Angolan interests to Quill Trading Corporation and WMLC Resources.
Leading individuals

Carl Powlson - Shepherd and Wedderburn

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London: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 8

Shepherd and Wedderburn

Shepherd and Wedderburn is experienced in disputes involving retail, hotels and leisure, health and safety, food and drink, sport, energy, utilities, financial services, and real estate. Philip Sewell, Claire Stockford and recently promoted partner Ben Pilbrow are the principal advisers.

Practice head(s):Philip Sewell

Other key lawyers:Claire Stockford; Ben Pilbrow

Key Clients

Air Technology Systems

Busaba Eat Thai

Clydesdale Bank

EMFC Loan Syndications

Epic Games

HSBC Bank

HSS Hire

Macdonald Resorts

NHBC

Nicholas Faulks

Sainsbury’s

Scandinavian Airline System

Sheffield United

Standford Properties

Surefoot Solutions

Wells Fargo Bank

Zeus Software

Work highlights

  • Acted for Zeus Enterprises (trading as Yieldify) in a disputed commercial contract debt recovery matter.

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London: Projects, energy and natural resources

Oil and gas
Oil and gas - ranked: tier 4

Shepherd and Wedderburn

The oil and gas team at Shepherd and Wedderburn is led from Edinburgh by Stephen Trombala and best known for its work for British independent exploration and production companies in worldwide M&A and capital markets transactions. The firm's client roster also includes investment banks and sponsors seeking advice with regards to upstream oil and gas matters. Tom Swan advises on regulatory, licensing and procurement issues, among others.

Practice head(s):Stephen Trombala

Other key lawyers:Paul Hally; Keir Willox; Tom Swan

Key Clients

Cairn Energy plc

IGas Energy

Delonex Energy

Gulf Marine Services

Celtique Energie

Petroceltic

OMV Petrom

North Sea Midstream Partners

ERVIA (Formerly called Bord Gais Eireann)

Cluff Natural Resources plc

INEOS

TDE Services Kft.

BRL Ltd

SOCO plc

Marin Subsea Ltd

Petroineos Trading Ltd

Delphian Ballistics Ltd

Work highlights

  • Acting for Aminex plc in its up-to-$40m farm-out of a 50% interest in the Ruvuma PSA, Tanzania.
  • Acting for SOCO plc on the sale of its upstream Angolan interests to Quill Trading Corporation and WMLC Resources.
  • Acting for Celtique on its divestment of a 30% interest in the Wressle oil field, onshore UK.
  • Acting for HSBC on amendments to Ineos' borrowing base facility, following its acquisition of the Forties Pipeline.
  • Acting as external general counsel to Cairn, leading its negotiations and strategy in connection with the Indian tax authorities’ attempts to use retrospective legislation to levy tax in respect of the 2007 IPO of Cairn India and subsequent dividends.
Next Generation Partners

Tom Swan - Shepherd and Wedderburn

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Water
Water - ranked: tier 3

Shepherd and Wedderburn

Shepherd and Wedderburn has four partner teams that advise across water, energy, telecoms and payment systems markets in the UK and Ireland, as well as internationally, and the water team was recently appointed by Ofwat as sole legal adviser on the Thames Tideway Tunnel project. In parallel with the firm's strong regulatory capabilities, Gordon Downie's Scotland-based team is also strong on the construction and engineering front, as well as the litigation side where it recently worked on the nine defective sludge treatment tanks at Daldowie.

Practice head(s):Gordon Downie

Other key lawyers:Liz McRobb; John Grady

Testimonials

'Gordon Downie and Liz McRobb are outstanding. They are very responsive and work collaboratively with their clients' teams to facilitate the desired outcome. They are comfortable engaging at an early stage and, as such, the implementation process is almost always easier than it could be.'

'The team has a wealth of experience which is second to none in Scotland.'

'David Anderson is extremely good with clients and is able to identify with clarity and concissions the potential upsides and downsides of the various steps and tactical moves that arise in the context of litigation.

'Antonia Pacitti is thoroughly organised and is a great asset to have when the pressure is on.'

Key Clients

Ofwat

West Dunbartonshire Council

Green Highland Renewables (Hydro Power Projects)

Northumbrian Water Group

A FTSE 250 PLC Water company

Water Industry Commission for Scotland

Water Plus (Severn Trent and United Utilities JV)

Wessex Water

2020 Renewables (Glenmuckloch Pumped Storage Hydro Scheme)

Glenmuckloch Pumped Storage Hydro Limited (JV of Forsa Energy and Buccleuch Estates)

Ayr Environmental Services

South West Water

SMW Limited

Work highlights

  • Providing a range of advice and support to Water Plus across commercial contracts, regulation and financial services throughout the year.
  • Advising a local authority on the procurement of the UK’s first large-scale water source heat pump district heating system.
  • Providing regulatory advice to the Water Industry Commission for Scotland on a wide market review exercise with a view to reform the retail market arrangements in Scotland.

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London: Real estate

Commercial property: corporate occupiers
Commercial property: corporate occupiers - ranked: tier 4

Shepherd and Wedderburn

Shepherd and Wedderburn‚Äôs ‚Äėexcellent advice‚Äô and ‚Äėsupportive and thorough‚Äô approach earns it strong recommendations from clients. Stephen Hubner¬†heads the team, which has been bolstered over the past year through the promotions of Elaine Hunter¬†and Lauren McLeod¬†to partner. The practice's recent caseload has included leasing and acquisition work for corporate occupier clients, high-value disposals and acquisitions for investors as well as residential and commercial developments.

Practice head(s):Stephen Hubner

Other key lawyers:Elaine Hunter

Testimonials

'Excellent advice, supportive, and thorough. Joined up with other departments for holistic advice'.

'When undertaking a leveraged corporate property transaction the different disciplines with in the partnership worked together very well and appeared completely joined up.'

'Supportive and proactive. All the partners are good at summarising technical points in layman's terminology.'

Key Clients

Ørsted – formerly Dong Energy Wind Power A/S

Ellandi

Ocado

iomart Group

Instant Managed Offices

Safestay plc

Clydesdale Bank

Cordatus

EPIC

Work highlights

  • Advised Kyowa Kirin International plc on lease and fitting out of new premise at Globeside Business Park in Marlow.
  • Advised Instant Managed Offices Limited on the lease and fit-out of office space in Budapest.

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Commercial property: development
Commercial property: development - ranked: tier 5

Shepherd and Wedderburn

Shepherd and Wedderburn‚Äôs ‚Äėexcellent advice‚Äô and ‚Äėsupportive and thorough‚Äô approach earns it strong recommendations from clients. Stephen Hubner¬†heads the team, which has been bolstered over the past year through the promotions of Elaine Hunter¬†and Lauren McLeod¬†to partner. The practice's recent caseload has included leasing and acquisition work for corporate occupier clients, high-value disposals and acquisitions for investors as well as residential and commercial developments.

Practice head(s):Stephen Hubner

Other key lawyers:Stephen Hubner; Sally Morris Smith

Testimonials

'Excellent advice, supportive, and thorough. Joined up with other departments for holistic advice'.

'When undertaking a leveraged corporate property transaction the different disciplines with in the partnership worked together very well and appeared completely joined up.'

'Supportive and proactive. All the partners are good at summarising technical points in layman's terminology.'

Key Clients

Accrue

Scarborough Group International

Ørsted – formerly Dong Energy Wind Power A/S

Scottish Power

Mactaggart and Mickel Homes England Ltd

Ellandi

Fairbriar Real Estate

INEOS

TJAC

IGas

Ocado

BayWa

Safestay plc

Instant Managed Offices

Cordatus

Soor Capital

Bayliss Property Management Ltd

Reach plc (formerly Trinity Mirror plc)

Work highlights

  • Acted for Fairbriar Developments Limited on the sale and forward funding and development agreement of the PRS element of the Middlewood Locks Scheme, comprising more than 800 homes and associated public realm.
  • Advised on forward funding the development of the former printworks in Liverpool with Select Group and subsequent pre-lets on behalf of Reach plc.
  • Advised on £22m development funding acting for Oaknorth Bank.
  • Represented Mactaggart & Mickel Homes England Limited on a wide range of English development matters, including development site acquisition and subsequent infrastructure works required to prepare the sites for construction and future plot sales.
  • Represented Mactaggart & Mickel Homes England Limited on the sale of a development site at Keynsham with permission for the construction of over 250 homes.

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Commercial property: investment
Commercial property: investment - ranked: tier 4

Shepherd and Wedderburn

Shepherd and Wedderburn‚Äôs ‚Äėexcellent advice‚Äô and ‚Äėsupportive and thorough‚Äô approach earns it strong recommendations from clients. Stephen Hubner¬†heads the team, which has been bolstered over the past year through the promotions of Elaine Hunter¬†and Lauren McLeod¬†to partner. The practice's recent caseload has included leasing and acquisition work for corporate occupier clients, high-value disposals and acquisitions for investors as well as residential and commercial developments.

Practice head(s):Stephen Hubner

Other key lawyers:Jonathan Rickard; Elaine Hunter

Testimonials

'Excellent advice, supportive, and thorough. Joined up with other departments for holistic advice'.

'When undertaking a leveraged corporate property transaction the different disciplines with in the partnership worked together very well and appeared completely joined up.'

'Supportive and proactive. All the partners are good at summarising technical points in layman's terminology.'

Key Clients

Accrue

OLIM Property

Scarborough Group International

Mactaggart and Mickel

Ellandi

Fairbriar Real Estate

TJAC

Safestay plc

Clydesdale Bank plc

Cordatus

BDL Select Hotels Ltd

Instant Managed Offices

Reach plc (formerly Trinity Mirror plc)

Soor Capital

Work highlights

  • Acted for Trustees of the Weston Super Mare Unit Trust on the purchase of Sovereign Shopping Centre, Weston Super Mare from Legal & General Investment Management.
  • Acting for Austin Friars Properties Ltd on the purchase of 23-26 Austin Friars.
  • Representing Gatehouse Bank plc in the sale of Sovereign Street, Leeds.
  • Representing BDL Select Hotels on the disposal of two English hotels and one Scottish hotel to the Bansal Family, the Distinct Group and Rhu.
  • Acting for Mactaggart & Mickel Homes Ltd and Mactaggart & Mickel Homes England Ltd on the sale of various sites in England.

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Property finance
Property finance - ranked: tier 6

Shepherd and Wedderburn

Shepherd and Wedderburn has a strong lender-side client base and is also expanding its practice on the borrower side; clients include banks (including specialist and international banks), real estate investors and developers. The team handles investment and development finance, and refinancing, and is active in transactions involving a range of asset classes, including office and mixed-use developments. Jonathan Rickard leads the practice.

Practice head(s):Jonathan Rickard

Key Clients

Scarborough Group

Azure Hotels

Santander UK plc

ICG-Longbow

TJAC Group

Deutsche Hypothekenbank

Accrue Capital

Bayerische Landesbank

National Australia Bank Group

Lloyds Banking Group

OLIM

Angelsea Properties

Ellandi

Gatehouse Bank (as an investor rather than lender)

Soor Capital

The Evans Property Group

Work highlights

  • Advising Accrue Capital on the refinancing of its acquisition of eight Isle of Man-incorporated special-purpose vehicles, which were acquired using a whole loan facility from Pramerica Real Estate.
  • Advising Scarborough Property Group on two related facilities from Investec Bank plc in respect of investment and development loans relating to a portfolio of properties.
  • Advising Soor Capital on taking debt facilities from Aareal Bank to purchase a serviced office building in London.
  • Advising a joint venture vehicle held in part by the Evans Property Group on the development finance facility from Homes England in relation to the Skelton Gate development in Leeds.

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London: TMT (technology, media and telecoms)

IT and telecoms
IT and telecoms - ranked: tier 4

Shepherd and Wedderburn

The telecoms, technology and media team at Shepherd and Wedderburn, which is split across the firm's London, Edinburgh and Glasgow offices, leverages its 'practical experience of working in the telecoms sector on multinational deals' to deliver 'actionable, risk-weighted advice'. The team is jointly led by London-based regulatory and antitrust specialist Gordon Moir, who has 'practical experience in a wide range of jurisdictions'; IP partners Paul Carlyle, who splits his time between London and Edinburgh, and Glasgow-based Joanna Boag-Thomson; and Edinburgh-based commercial litigator John MacKenzie.

Practice head(s):Gordon Moir; Paul Carlyle; Joanna Boag-Thomson; John MacKenzie

Testimonials

'The team understands the commercial practicalities of its advice, as well as the real world situation telecoms companies face.'

'Gordon Moir is very contactable, and always willing to discuss an issue, bringing his mix of real-life commercial experience, legal expertise, and up to date understanding of what the industry is doing.'

'Associate Annmaree McDonough provides clients with an understanding of the risks and mitigations of any potential action.'

Key Clients

BT plc (including BT Openreach and BT Global Services )

European Competitive Telecoms Association (ECTA)

Expereo

Vodafone

AT&T

Scottish Power

Work highlights

  • Acting for BT Global Services in a high-value French damages case.
  • Acting for a large mobile telecoms operator on regulatory and tax issues relating to the global ownership of its network nodes.
  • Providing multi-jurisdictional regulatory advice on encrypted VPN issues to a major telecoms operator.
  • Advising a global telecoms provider on the UK’s implementation of PSD2 and, in particular, how the exclusion of electronic communications services operates in the context of the UK’s implementation.
  • Advising a major telecoms player on its agreement with a payment card scheme relating to its provision of services.

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Further information on Shepherd and Wedderburn

Please choose from this list to view details of what we say about Shepherd and Wedderburn in other jurisdictions.

London

Offices in London

Scotland

Offices in Aberdeen AB10, Edinburgh, Aberdeen AB10, and Glasgow

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