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Julian Henwood

Partner
Julian Henwood

I advise on mergers and acqusitions and equity capital markets. In equity markets, I advise public companies, on IPOs, secondary fundraisings, public takeovers and regulatory compliance. I deal with corporate governance issues and sit on the Tomorrow's Company's Good Governance Forum.

Tel: +44 (0)870 733 0604
Email: julian_henwood@wragge.com

Services: Corporate

Best brains in ...?

International M&A, AIM fundraisings (either IPOs or secondary fundraisings) and public takeovers.

Highlight of your career so far?

There have been several. One to pick out is having acted for NYSE-listed healthcare sector client Alere, Inc. on two large UK public takeovers in quick succession: the £70 million takeover of AIM-listed BBI Holdings Plc (2008) and the £147 million takeover of AIM-listed Concaterio Plc (2009). Both were effected by way of a scheme of arrangement.

Most challenging job you've ever done?

Acting for fully-listed automotive parts manufacturer Pressac PLC in connection with various simultaneous matters, including the (successful) disposal of its communications division via a competitive auction, the (unsuccessful) disposal of its electronics division via another competitive auction, liaising with its lending bank syndicate and advising in connection with a hostile shareholders' general meeting requisitioned by a strategic investor.

What about outside the UK?

The majority of the M&A transactions I advise on are for overseas clients including several overseas multinationals. I have a particular focus on the Nordic and Central and Eastern European regions and travel to these regions on business regularly. I have completed recent acquisitions or disposals for Inverness Medical Innovations (USA), Konecranes (Finland), PartnerTech AB (Sweden), Swedish Match (Sweden) and Compin Group (France).

What's your definition of going the extra mile?

I'd say that the easiest definition is not just answering the questions the client puts to you, but thinking up the questions he/she ought to be asking and answering those as well! In certain types of transaction - particularly IPO's and public takeovers - the client has often never been involved in such a transaction before and may never be again in their working life. I regard an important part of my role as educating them on what is involved in the transaction, what the functions of each party are and where they fit in.

Dedication to client care? Prove it!

All our major clients are invited to participate in regular client service reviews, conducted by an independent partner. But one Swedish client of mine could hardly believe it when I said that I'd like our reviewer to fly out to sit down with him in his office in Sweden.

When directors at one FTSE quoted client confided in me that they did not think their existing broker had the capacity to provide them with heavyweight corporate finance advice, I set up a series of beauty parades for them with three merchant banks and helped to steer the client and the banks through the selection process.

When the group general counsel of another FTSE quoted client phoned me up one afternoon to say that a key member of their in-house contracts team had gone on emergency sick leave for three months, I worked with fellow partners to identify a secondee and get back to the client with a financial proposal within 48 hours.

Best example of a creative legal solution?

I founded Wragge & Co's Company Secretarial Service, designed to be a centre of excellence for the incorporation of new corporate vehicles for clients, the maintenance of their statutory records and for preparing minutes of directors' and shareholders' meetings for corporate transactions. The Company Secretarial team includes chartered company secretaries and advises clients on their company secretarial practices and supplements the resources of in-house company secretarial teams by providing added resource as and when needed.

When have you ever given a client a real competitive edge?

As I act for overseas headquartered clients who are setting up business in the UK for the first time, I've gone out of my way to put them in touch with other relevant advisers and to give them access to our office facilities when visiting the UK on fact-finding missions.

What's your single greatest contribution to Wragge & Co's corporate responsibility?

I once took part with colleagues in the "Three Peaks Challenge for Sense". The event entailed climbing Ben Nevis (still snow-covered), Scafell Pike (where it lashed with rain) and Snowdon (where the mist descended) all within 24 hours!

What's been written or said about you that you're most proud of?

'Peers expressed their respect for Julian Henwood's work in leading the AIM group within the wider corporate group...' - Chambers UK

Alerts

03.11.11

Time to revisit debt for equity swaps? The impact of new guidance from HM Revenue & Customs

HM Revenue & Customs (HMRC) has recently issued some welcome revised guidance in relation to debt for equity swaps. This provides more clarity on how such swaps can be undertaken so as to ensure there is no tax charge in the debtor company arising from the released debt.

22.07.11

Companies and Prospectus Regulations - simplifying the process for merger, division or public offerings

Both the Companies Regulations 2011 (2011/1606) and the Prospectus Regulations 2011 (2011/1668) were published this month. Each aims to simplify the administrative processes a company must adhere to when involved in either mergers and divisions or making public offers of securities.

15.06.11

ICSA issues updated guidance for incoming directors

On 11 May 2011 the Institute of Chartered Secretaries and Administrators (ICSA) published 'Joining the right board: due diligence for prospective directors.' This is an updated guidance note on the due diligence process future directors are advised to take ahead of joining a company.

18.04.11

AIM: New funding opportunities on the horizon for public companies

The Chancellor's March 2011 Budget introduces changes to the way companies can raise money from Venture Capital Trusts (VCTs) and through the Enterprise Investment Scheme (EIS).

07.03.11

Last call to have your say on equity underwriting commissions

In its 27 January 2011 market study, the Office of Fair Trading (OFT) reached a provisional finding that no referral to the Competition Commission is required in respect of equity underwriting services. Further representations are invited by Friday 11 March 2011.

27.10.10

Important changes to Takeover Code

The Code Committee of the Takeover Panel has announced its intention to make some significant changes to the Takeover Code.

 

Press releases

23.11.11

Wragge & Co advises May Gurney Integrated Services on £60 million acquisition

Wragge & Co's corporate experts have advised AIM-quoted May Gurney Integrated Services plc on its £60 million acquisition of local authority fleet services provider TransLinc. The deal is the firm's first corporate instruction from the national support services company.

02.09.10

Wragge & Co wins AIM-quoted Harvard International PLC as new client

Wragge & Co has been appointed sole, full-service legal adviser to AIM-quoted Harvard International, a major supplier of consumer electronic products, following a competitive pitch.

17.02.09

Wragge & Co advises UBC Media Group plc on Commercial Division disposal

Wragge & Co LLP Corporate group is advising AIM-quoted UBC Media Group plc on the disposal of its Commercial Division to NASDAQ-listed Global Traffic Network, Inc. The consideration is for an initial cash payment of £9 million on completion.

28.02.08

Wragge & Co advises Haldex on £75 million cross-border acquisition

Wragge & Co LLP Corporate group is advising Swedish company Haldex AB on a cross-border acquisition for a cash consideration of £75 million. The instruction came via leading Swedish firm Mannheimer Swartling.

20.12.07

Wragge & Co advises Inverness Medical Innovations on UK public takeover

Wragge & Co LLP Corporate Group has advised US client Inverness Medical Innovations, Inc. on its takeover of UK-based BBI Holdings PLC for a total consideration of up to £83 million.

21.08.07

Wragge & Co advises on £27 million public-to-private transaction

Wragge & Co LLP's asset based lending experts are advising Lloyds TSB Bank plc and Lloyds TSB Commercial Finance on funding Contracting Solutions Group (Holdings) Plc's recommended cash offer for Lorien Plc.

13.08.07

Wragge & Co completes first cross-border acquisition for Metso Paper

Wragge & Co LLP Corporate Group has completed its first cross-border acquisition for new client Metso Paper. The Finnish company has acquired Bender Holdings Limited and its UK subsidiaries for an undisclosed amount.

26.07.07

Wragge & Co completes first deal for Sumitomo Chemical Agro Europe

Wragge & Co LLP Corporate Group has completed its first deal for Sumitomo Chemical Agro Europe S.A.S. (SCAE). The firm advised on the acquisition of 80 per cent of the issued share capital of Interfarm UK Ltd.

09.05.07

Wragge & Co on song for UBC radio deal

Wragge & Co LLP Corporate Group has advised UBC Media Group plc on the sale of its Classic Gold radio stations to GCap Media PLC.
 

Published articles

There are currently no published articles for Julian Henwood.

 

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