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Richard Haywood

Partner
Richard Haywood

I am head of corporate in Wragge & Co's 70-lawyer Corporate group. I enjoy acting as trusted adviser to clients in relation to M&A, joint ventures and giving business advice generally. I am relationship partner for BUPA, Origin Enterprises, Premier Foods and Shepherd Group. I also work closely with Amec.

Tel: +44 (0)20 7664 0350
Email: richard_haywood@wragge.com

Services: Corporate

Best brains in ...

M&A and joint ventures - I have been doing M&A for major corporates for more than 20 years, working in most sectors. Recently I have acted on deals in the food, energy and financial services sectors.

Most challenging job you've ever done?

Leading a team of 20 lawyers to advise Premier Foods on the £182 million sale of its Canning Division to Princes Foods. The transaction involved a "carve out" of the business by way of an asset sale, antitrust clearance, a Class 1 shareholder approval and multiple ancillary brand licenses, logistics agreements and transitional service arrangements.

What about outside the UK?

Working with ten of our European best friend firms in relation to the reorganisation of the European operations of one our major US clients.

I also led a cross-border team with banking & finance partner Paula Laird advising KBC group on the £200 million sale of its asset-based lending division, KBC Business Capital, to NYSE-listed PNC Financial Services Group.

What other transactions have you been involved in?

Other highlights include:

  • Advising AMEC in relation to its consortium agreements with URS Washington Group and AREVA-NC to bid to undertake the decommissioning of Sellafield which involved a contract valued at £1.2 billion a year for up to 17 years.
  • Acting for Origin Enterprises in its £33 million acquisition of CleanCrop UK.
  • Acting for the Aston Martin management team in relation to the sale of Aston Martin by Ford to Kuwaiti investors.

Give an example of your great client service?

Thinking - and having the privilege of being given the opportunity to think - about the commercial challenges that face clients and what the best answer might be...in the shower, in the car, on the train or on the plane. Getting paid for it can be a bonus at times.

Best example of a creative legal solution?

I acted for a client buying from a seller who had to complete the deal by midnight on 31 March. Despite the fact that issues remained outstanding, I designed a structure that enabled the seller to meet its deadline for accounting purposes without exposing our clients to risk. The seller was grateful and we earned its goodwill for the rest of the negotiation. We now also act for the seller.

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

It is important to work hard to understand the commercial drivers and determine what matters and what doesn't in each assignment. I also work hard to understand the position of the other side in a deal and look for win-wins.

How do you get under the skin of a client business?

Spending time understanding the sector and persuading clients to invest time in keeping our team up-to-date on the challenges they face, their plans and strategy. This is invaluable in providing context to what we do.

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

I have been involved with NSPCC for nearly 20 years, working with teams to raise more than £1 million. Getting involved in the NSPCC and working with its people is a great experience and very humbling. I also support Help for Heroes and am doing a 350 mile charity bike ride in June this year: http://www.bmycharity.com/rhaywoodbbbr

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

It didn't exactly make me proud but when one of the legal directories said I was "solid as a rock'" I got a lot of stick about it.

Alerts

28.09.11

Take a closer look - an introduction to Chinese tax

What taxes must businesses pay in China? How is tax collected? What are the consequences if a business doesn't pay? Composed of 18 different taxes, China's taxation system is complex. An understanding of the basics can ensure that companies looking to do business in China don't get caught out.

 

Press releases

01.08.11

Wragge & Co advises Origin Enterprises on £19 million acquisition

Wragge & Co's corporate experts have advised agricultural services group Origin Enterprises on its £19 million acquisition of the fertiliser activities of Carrs Milling Industries PLC, CM Fertilisers Limited.

13.06.11

Wragge & Co wins private business Shepherd Group as a new client

Wragge & Co has been appointed to the full-service legal panel of family-owned private business Shepherd Group.

17.03.11

Wragge & Co advises Origin Enterprises on multi-million pound deal double

Wragge & Co's Corporate team has advised agricultural services group Origin Enterprises on two simultaneous transactions completed in the same week.

08.02.11

Wragge & Co advises Premier Foods on £182 million food deal

Wragge & Co's Food and Drink sector team has advised Premier Foods, the UK's largest food producer, on the £182 million sale of its Canned Grocery Operations to Princes Limited. The deal is Wragge & Co's first corporate instruction from Premier.

22.11.10

Wragge & Co advises KBC group on the sale of its asset-based lending division

Wragge & Co has advised KBC group on the sale of its asset-based lending division, KBC Business Capital, to NYSE-listed PNC Financial Services Group for an undisclosed sum.

06.01.09

Wragge & Co advises AMEC on Sellafield contract bid

Wragge & Co LLP Corporate group has advised AMEC plc in relation to a successful award of the Sellafield nuclear facility contract. The Nuclear Management Partners (NMP) consortium comprises AMEC, URS Washington Division and Areva.

03.07.08

Wragge & Co advises Jamie Oliver Group on launch of restaurant chain

Wragge & Co LLP Corporate group has advised the Jamie Oliver Group on the launch of a new chain of Italian restaurants in the UK.

28.04.08

Wragge & Co advises Welsh Power Group on power plant acquisition

Wragge & Co LLP Corporate group has advised Welsh Power Group on its acquisition of the Redditch power plant in Worcestershire for an undisclosed amount.

17.12.07

Wragge & Co wins United Biscuits role

Wragge & Co LLP has been appointed to advise United Biscuits following a competitive pitch process. A team led by real estate partner John Burns has won a full-service panel appointment.

05.09.07

Wragge & Co completes first corporate deal for Carron Energy

Wragge & Co LLP Corporate Group has completed its first transaction for Carron Energy Limited.

28.06.07

Wragge & Co advises BP on $400 million biofuels deal

Wragge & Co LLP Corporate Group has advised BP on a $400 million biofuels investment deal with Associated British Foods and DuPont.
 

Published articles

There are currently no published articles for Richard Haywood.

 

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