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Richard Surtees
Richard Surtees
London +44 20 7067 2187 Download V-card

Richard Surtees is an associate in Covington’s corporate department, having joined the firm as a trainee solicitor in 2013.

Mr. Surtees advises both private and public companies on a wide range of matters, including mergers and acquisitions, venture capital investments, capital market transactions and employee equity and benefit offerings. Mr. Surtees has particular focus on the design, implementation and corporate governance requirements of share incentive schemes, both in the context of corporate transactions and on an advisory basis.

  • Advised Broadridge Financial Solutions, Inc. on its acquisition of Message Automation Limited.
  • Assisted Atopix Therapeutics Limited on employee benefit and UK tax aspects on its sale to Chiesi Farmaceutici Spa.
  • Advised Kesios Therapeutics Limited on its £19 million Series ‘A’ financing by a syndicate of investors including Abingworth, Imperial Innovations and SV Life Sciences.
  • Advised a leading visual effects software company on the implementation and operation of international employee incentive schemes, which were rolled out to UK and US employees.
  • Advised Heptares Therapeutics Limited on employee benefit and UK tax aspects on its sale to Sosei Group, for initial consideration of $180 million and up to an additional $220 million contingent on the success of Heptares’ pipeline and platform.
  • Assisted Qualcomm, Inc. on the unwinding of existing employee and executive share option plans in connection with its £1.56 billion recommended cash offer for CSR plc.
  • Assisted Indivior plc (formerly RB Pharmaceuticals) on employee benefit and UK tax aspects relating to its demerger from Reckitt Benckiser and £1 billion listing on the London Main Market.
  • Represented Ergomed plc:
    • on its flotation on the AIM market of the London Stock Exchange, an associated fundraising and its simultaneous acquisition of PrimeVigilance Limited; and
    • on its acquisition of Haemostatix Limited and associated equity fundraising.
  • Advised Consort Medical plc, listed on the London Main Market, in connection with its £230 million acquisition of Aesica Holdco Limited.
  • Assisted Merck & Co. Inc., on several global integrations and corporate restructurings.
  • Advised various life sciences and technology companies on the set up and implementation of employee share plans namely, enterprise management incentive (EMI) plans and growth share plans.
  • Advised Canaccord Genuity Limited as NOMAD and broker to AIM listed EKF Diagnostics Holding plc on its £26 million fundraise by way of an accelerated book build and related acquisitions of U.S.-based Selah Genomics Inc. and Swedish-based DiaSpect Medical AB.
  • Advised Horizon Discovery Group plc on its initial public offering and admission to the AIM market of the London Stock Exchange, raising approximately £40 million before expenses for Horizon and a further £28.6 million for selling shareholders.

Pro Bono

  • Acted for a spinout pharmaceutical company specializing in the development of anemia diagnostic devices.
  • Advised a UK-registered charity focused on investing in clean and safe water projects globally.

Memberships and Affiliations

  • Share Plan Lawyers Group, Member