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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

Jeremy Bell

Tel:
Work 0117 307 6047
Email:
Burges Salmon LLP

Work Department

Funds and Asset Management

Position

Head of the Private and Alternative Asset Funds practice at Burges Salmon LLP. This practice area is focused on the structuring and formation of private equity, infrastructure, real estate and debt funds formation, as well as carried interest arrangements and establishing manager/adviser vehicles. Recent funds (at previous firm) include the Tritax Property Income Fund, Five Arrows Direct Lending Fund and Agilitas's second private equity fund.

Career

Trained and qualified at Ashurst LLP, becoming a partner there in 2005 in the Investment funds team. Moved to Burges Salmon LLP in May 2017.

Member

Member of the Law Society.


South West: Corporate and commercial

Corporate and commercial: Bristol

Within: Corporate and commercial: Bristol

Burges Salmon LLP attracts praise for its ‘extensive commercial and industry knowledge’. 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’s Pukka Herbs on its acquisition by Unilever. Mark Shepherd and Richard Spink ‘ensure positive outcomes for their clients’ 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 €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 €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €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 €6.5m. 

    - Burges Salmon LLP

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