Recent business sales completed

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To help you decide if we could help, we have summarised some of our recent cases relating to business sales

We act for both shareholders and companies with a focus on private companies.

Business sale for a restaurant

  • A well known vegetarian restaurant in Sussex. The price the buyer paid for the company had a complicated price adjustment mechanism attached to the purchase price.

Success with effective negotiation with the added benefit of Entrepreneurs’ Relief

We were successfully able to negotiate the mechanism to ensure that our client, a successful entrepreneur, received the price he felt was a fair reflection on the business he started. We were also able to draw on our vast experience of tax knowledge to ensure that our client benefitted from entrepreneurs’ relief.

Sale of a corporate advisory boutique to a large US based professional services firm

  • A corporate finance advisory boutique to a large US based professional services firm. Our client’s business had an enviable client list which was the rationale behind the buyer acquiring our client’s company. On completion, our client proposed to set up a new corporate finance advisory firm. Initially this opposed to by the buyer. Within the body of the main transaction agreement, the buyer had inserted restrictive covenants which prohibited our client from, amongst other things, setting up a competing business.

Setting up a new business outcome achieved

Using our skills of negotiation and deep understanding of our client’s business, we were able to demonstrate that the client focus between the buyer and the new business was entirely different. As a result, our client was able to set up a new business immediately following completion of the sale.

Online learning technology platform to competitor

  • An online learning technology platform to its main competitor. Our involvement on this transaction initially started as a result of a business dispute between our client and the buyer. Our client developed a state-of-the-art online trading platform which the buyer believed infringed on some of its intellectual property and technology. As a result of the alleged breach on intellectual property rights, the buyer issued court proceedings against our client.

We successfully defended the proceedings

Throughout the course of the dispute, the parties began to assess the alternatives to litigation and an outcome desirable to both was for one party to leave the market place. Following intensive negotiations, our client persuaded the buyer into buying the business and we assisted our client through the entire sale process, from signing a non-disclosure agreement to ensure that our client was protecting confidential information to completion of the sale.

Art dealership based in London to a global media company

  • The sale of certain business and assets of an art dealership based in London to a global media company looking to diversify. One asset that was being transferred was the employees of the business and this transfer of employees triggered protection under TUPE. Several of our client’s employees did not wish to be transferred to the buyer. This was a potential hazard to our client. A failure to comply with TUPE can have severe financial implications for a company.

Providing guidance on TUPE

To ensure that our client kept any risk faced by the employees’ unwillingness to transfer, we were able to draw on our extensive employment law knowledge to eradicate that risk by providing clear guidance on TUPE and the processes that need to be followed.

Restaurant to a large food business

  • A well known restaurant with a celebrity chef and published cookery books to a large food business. We used our intellectual property expertise to carve out the celebrity chef’s intellectual property rights to ensure that the rights were retained for the chef’s exploitation outside the business.

Franchise to quotes company acquirer

  • Franchised business of 25 outlets to a quoted company acquirer. The key was in ensuring that the franchise model was not adversely affected. For example; franchisees leaving on the quoted company’s acquisition.

Professional services to French purchaser

  • Professional services business to a French purchaser. Some of the key employees were to be appointed as directors on completion of the sale. We drew on our employment expertise to advise the key employees on the terms of their directors’ service agreements.

Computer software business to firm of accountants

  • Computer software business sale to a major firm of accountants. We responded to the buyer’s due diligence enquiries on the computer software company’s information technology systems. This allowed the management team to utilise their time spent on setting the business up for sale.

  • Well organised and familiar with the hurdles to cross