Philip is a partner in our corporate services team. He is recommended for corporate in the 2014 edition of the Legal 500, and was short listed for Partner of the Year at the 2014 Birmingham Law Society Legal Awards.
Philip specialises in acquisitions, disposals, reorganisations, joint ventures, shareholder arrangements and equity and debt funding, acting for corporates, entrepreneurs, funders and management teams.
Philip advises a portfolio of clients in the financial services sector, including share registrars, investment managers and IFAs, and has extensive experience of the practical issues encountered in financial services deals. Philip is recognised for his technical expertise and ability to document complex legal structures in a clear and concise manner. He has negotiated and prepared constitutional documents for large corporates, LLPs and prominent trade associations. Philip has also delivered well received company law seminars for organisations including the Black Country Chamber of Commerce.
Philip provides banking support on the firm’s corporate transactions and advises financial institutions and borrowers on all forms of debt funding, where his responsiveness and attention to detail are particularly valued. Philip has advised VC funds on a series of combined equity and debt investments into the healthcare sector, and is noted for his thorough but commercial approach to due diligence. Philip has been regularly instructed to create and update suites of in-house legal documents for funders.
As part of his commitment to supporting new businesses, Philip initiated and developed the George Green Growth Centre, an innovative online resource hub for start-ups. The success of the Growth Centre was recognised when George Green was announced as the Black Country Chamber of Commerce Aspirational Business of the Year 2014.
During his ten years as an LEA Governor, Philip guided The Holly Hall School through its successful conversion to Academy status.
Philip has had a lifelong interest in music, attaining Grade 8 standard on the euphonium and performing in several national concert and competition bands. He now plays acoustic guitar in his spare time.
Current and recent transactions
- Advised Ortus Secured Finance on the provision of mezzanine and equity funding of circa £20m to a joint venture vehicle formed by Ortus and the Marcol Group to acquire approximately 500 residential properties for renovation and onward sale. Philip co-ordinated the transaction, documenting the terms of a complex mezzanine cash sweep, and negotiating equity documents for the joint venture vehicle (2014).
- Prepared and advised on the adoption by the Black Country Chamber of Commerce of a new constitution and bye laws pursuant to which the four divisional boards of the Chamber were replaced by a single consultative forum. This was a significant milestone in the history of the Chamber and required complex drafting in order to give effect to the new constitutional structure (2014).
- Advised on the banking aspects of a vendor funded buy–out of Metallisation Limited (2014).
- Co-ordinated a complex legal due diligence exercise on the acquisition by Thessaly Limited (funded by Manfield Partners Limited and Souter Investments Limited) of Investment Solutions Group (a UK life insurance company operating an institutional investment platform for defined contribution and defined benefit pension schemes) from Alexander Forbes International (2013).
- Advised Saltus Partners LLP, an independently owned and managed investment management and financial planning business, managing approximately £450 million of private client assets, on its acquisition of the investment management business of Mercater Capital Management, negotiating and documenting a complex earn-out structure (2012).
- Advised Taylor Bins UK, the world’s largest manufacturer of metal bins, on the provision of a CID facility by Lloyds Commercial Finance (2012).
- Advised Catapult Venture Managers Limited on a series of investments by The Advantage Enterprise & Innovation Fund Limited Partnership and The Catapult Growth Fund Limited Partnership into healthcare and technology businesses, including Oxford Cryosystems, nanoTherics, Lumora and Biofilm (2010 – 2013).
- Advises Scrivens Opticians on its national branch acquisition and disposal strategy (2012 to date).
- Advised Arion Bank hf on the provision of security by the Iceland Seafood Group for a revolving facility, liaising closely with the bank’s Icelandic counsel (2012 – 2013).
- In conjunction with the firm’s real estate team, Philip advised St Francis Group, a leading national provider of site management, remediation and development services, on a joint venture with Marcol Group and various banking facilities (2012-2014).
- Advised the Equiniti Group, a leading UK financial and business services provider (and the UK’s largest provider of share services to FTSE 100 companies) on the acquisition of the employee share services division from Natwest Stockbrokers Limited. Philip co-ordinated Equiniti’s in-house compliance, HR and operational teams to implement a complex transaction structure within a short timescale (2011).
- Advised the Equiniti Group on the acquisition of 360 Clinical, a provider of Revalidation Management Systems for healthcare professionals (2011).
- Advised Skipti, the Icelandic telecommunications group, on a joint venture with Daisy Mobile, and Skipti’s subsequent exit from the UK mobile telecommunications sector (2009).
- Advised Grant Thornton on the sale of its investment management division to Principal Investment Holdings Limited (2005).