The Cambridge office of Penningtons Manches has recruited Ross McNaughton, a cross-border M&A and equity capital markets specialist, and real estate partner, Sarah Coates.

During his five years at Paul Hastings, Ross’s practice was a mix of public and private cross-border M&A and capital markets work for corporates, institutional investors and investment banks. In 2014, he was seconded for seven months to Citigroup’s ECM execution team where he worked on numerous high-profile offerings and live ECM transactions.

He started his career with Herbert Smith in London where he qualified into the corporate department in 2004 before being seconded to the firm’s Singapore office in 2006 to focus on cross-border M&A and capital markets. Within a year of being made partner, Ross was recognised in The Legal 500 UK 2013 as a recommended M&A lawyer.

Sarah Coates joins Penningtons Manches from Thomson Webb & Corfield where she had been a partner since 2013. Sarah has extensive experience of all areas of real estate practice, with particular expertise in the acquisition and set-up of commercial and residential development sites, development finance, pension fund sales and purchases, and secured lending and refinance work.  

She qualified in 2006 and has spent the majority of her time since practising within the Cambridge area including three years in the real estate development and regeneration team at Eversheds LLP where she acted for public sector bodies and residential developers on large mixed-use projects.

David Raine, Penningtons Manches’ chief executive, said: ‘Ross and Sarah join our Cambridge office at an exciting time following a highly successful 12 months for Penningtons Manches.

‘Their experience will be invaluable in building the firm’s presence in the Cambridge market – particularly in securing more international opportunities and developing our multidisciplinary offering for the technology, life sciences and real estate sectors.’