Herrington Carmichael LLP

Working with the Corporate team since 2010, Alex advises clients on a variety of corporate matters including, share sales and purchases, corporate restructurings, company option schemes and shareholders’ agreements. Alex has extensive experience advising clients in the financial services sector. Alex advises clients on a variety of corporate matters including, share sales and purchases, corporate restructurings, company option schemes and shareholders’ agreements. Alex has extensive experience advising clients in the financial services sector. Alex is responsible for the firm’s international offering and is a member of the IR Group. Alex was named member of the year in 2019 by his fellow members in the network. Recent Experience Financial advisory business acquisition for £3,500,000. The sale of an owner-managed IFA practice for £2,750,000. London-based IFA practice on a series of 4 acquisitions, each with a deal value of circa £2,500,000. Advising the sellers of an owner-managed regional IFA on its sale of shares for a mix of cash and equity in the acquirer’s business. The sale of shares of an IFA business to a mid-market acquirer for a mix of cash and equity, with an ongoing role for the seller. The acquisition of an award-winning discretionary fund manager. Acquisition of a financial advisory business for £5,600,000. Supporting a regional wealth management practice with in excess of 10 acquisitions having a combined deal value of more than £35,000,000. Advising multiple business as part of a phase 1 and phase 2 acquisition strategy by a private-equity back consolidator, with each deal in excess of £4,000,000. Advising on the sale of an award-winning discretionary fund manager for a consideration in excess of £18,000,000. UK intellectual property advice for international organisations on the protection of their portfolio. English legal advice on implications of international joint venture and supply contracts. International Projects Advised on the acquisition of a majority stake in an international customs clearance business from a Hong Kong private equity fund looking to enter the UK market. Advising a UK –based company on the sale of its shares to an Australian sportswear retailer in exchange for equity securities, subject to escrow terms. Further advising on the pre-listing proposals.

Partner & Head of Department

Matt is an experienced employment lawyer who regularly advises employers and senior executives on a broad range of employment law matters. Matt has a particular interest in advising businesses on: protecting their confidential information and commercial connections including the use of post-termination restrictions/restrictive covenants; reorganisations and redundancy; and TUPE (transfer of undertakings) on business transfers and change in service providers and outsourcing. Recent Experience Post-termination Restrictions Advising new employer in successfully defending a claim in relation to a team move of 42 employees Successfully enforcing post-termination restrictions against a former employee including obtaining a significant settlement payment Advising senior executives on the extent of their post-termination restrictions and advising on strategy that allowed them to set up a competing business Sat on the Employers Lawyers Association working party looking at The Government’s proposed reform of post-termination restrictions Reorganisations Advising international publisher on large scale redundancy plan including collective consultation Advising European business on closure of its UK sites including designing consultation process Advising employer on employment contract variation programme including complying with collective consultation obligations TUPE Advising UK subsidiary of US business on TUPE obligations on acquisition of UK business Defending multi-action claim brought against employer by large number of employees claiming TUPE applied on termination of contract Drafting complex TUPE provisions dealing with transfer in, management and exit of employee on a complex and high value outsourcing agreement in the energy sector.

Rachel is a Partner in the Real Estate Group and has over 20 years’ experience in all aspects of high value commercial property work – in particular corporate-support property work, the acquisition, letting and disposal of investment properties and all landlord and tenant matters. She also has experience at dealing with complex Option Agreements, easements and other property development matters. Joining Herrington Carmichael in September 2021, Rachel has previously acted for a wide range of national and international companies in many sectors (with a particular emphasis on tech clients) dealing with all types of commercial property from huge pre-let industrial warehouses (she acted on the largest industrial letting in the UK of 2019) to offices and retail. She is experienced in advising foreign businesses setting up in the UK and has been particularly successful in helping clients that have historically used City-based law firms achieve better value for money. Rachel works closely with surveyors and in-house legal and property teams in managing portfolios of properties for large corporate clients. Her experience is wide-ranging with many of her clients requiring active management of their extensive portfolios, often to tight deadlines. She is equally happy to advise either landlords or tenants on individual bespoke lettings for smaller companies and individuals. Rachel also acts on Collective Enfranchisement matters, Corporate-support deals, secured lending transactions, insolvency and administration property issues and any similar related property matters. Experience Heading up a team of lawyers working on a new pre-let Agreement for a major US retail company taking over 1.1 million square feet (with annual rent of over £7million pa for 15 year term) Completion of the sale of a portfolio of freehold titles at value of £4.5 million for a well-known distribution company, with leasebacks of those properties – working to a tight deadline Acting for a group of 112 tenant flat-owners within a development in Whitechapel, London, in their Right to Buy (pursuant to the Landlord and Tenant Act 1987), assisting them in successfully purchasing the freehold and the granting of subsequent 999 year lease extensions. A lengthy and complex transaction made more difficult by development leases which the Landlord had put in place prior to the sale of the freehold.