Herrington Carmichael LLP

Corporate and Commercial

Yavan was appointed as Managing Partner on 1 October 2019. He established the corporate and commercial department in 2008 concentrating on supporting businesses and their commercial requirements. Having built a team of expert corporate and commercial lawyers with a wide range of industry specialisms, Yavan is able to offer pragmatic solutions to complex legal problems.

Yavan, a technically able expert, has extensive experience advising on M&A, corporate restructuring, banking, business ownership issues and intellectual property rights matters.Yavan’s recent experience includes:

M&A Experience

Advising on strategic buy, build and sale project: Advising UK headquartered international banking security and maintenance provider on several buy and build acquisitions prior to partial sale to US hedge fund including a rollover of existing management shareholders with a total project value in excess of £100 million. Private equity investment into international electronics manufacturer: Advising UK headquartered international electronics manufacturer on investment from private equity investor with an enterprise value of £110 million. £31 million sale of group companies to an Employee Ownership Trust. Advising on a £13.5 million complex minority acquisition in Education and Technology provider. £10.2 million sale of self-storage assets to US private equity fund.

Banking & Finance

Acquisition finance and re-finance of leading UK-based developer: Advising client on £25 million senior debt refinance with subordination of then current £10 million junior debt. Advising on pre IPO investment facility for home services software provider: Advising client on £15 million investment from overseas listed investment company to include undiluted roll over of existing investors. Refinancing for banking security and maintenance provider (Private Equity): Advising on a refinance totalling £21,000,000 including facilities and receivables finance facilities from major UK banks. £42 million re-finance for boutique hotel chain – Advising the boutique hotel group on the refinance of Allied Irish Bank with National Westminster bank involving a complex redemption procedure and extensive due diligence on the groups property portfolio.

Fundraising

Worked alongside US counsel, in advising Silicon Valley based investment firm, Meson Capital, in its Series A investment in UK-based RBW Sports & Classics Limited. Advised DataOps.Live on its $10.3m USD Series Seed funding round led by west-coast US venture capital invest, Anthos Capital. Advised Buyline on a significant facility, from the creation of the initial IM, advising and negotiating on the terms sheet, advice through the due diligence process, through to negotiations between multiple secured creditors. Advised Chester Rose Ltd, on their second round of investment: Involving an initial conversion of convertible loan notes into preferences shares, complex articles of association, followed by details negation of a conditional investment agreement.

Board Support

Yavan acts as an advisers to a number of boards dealing with questions of law and assisting on strategy.

Trained Southorns; qualified 1999; partner Herrington Carmichael 2003. Current executive committee member for Herrington Carmichael LLP; strategy partner for Herrington Carmichael LLP. Publications of note: articles on share incentive schemes, corporate updates, intellectual property law, financial services acquisitions. Presentations on mergers and acquisitions, trademarks, joint ventures and shareholders’ agreements.

Law Society.

Bearwood College; University of Surrey (BSc Hons); College of Law Guildford.

Yavan is a keen mountain biker and skier – although the level of effort he puts into them does not translate into the quality of either. He is also a part time chauffeur, driving his 3 kids around to various sporting events.