Sale of a Distribution Business
Blake-Turner advised the shareholders of a distribution business based in the UK. The company has long-standing success in the sourcing of raw materials from the Far East for distribution throughout Europe and the US.
Given the work being carried out, the due diligence was of vital importance to ensure that the purchaser was fully aware of the overseas aspect of the business and to ensure that all legal requirements of trading outside of the UK, particularly during and following the Brexit process, were complied with. The nature of the business meant that there are also strict regulatory requirements. Blake-Turner negotiated warranties and indemnities to ensure that the shareholders were comfortable with the protection being given.
The documentation for this particular transaction included various earn-out provisions. In a sale of a business any earn-out terms have to be negotiated extensively to ensure that the shareholders receive the maximum consideration once the business has been sold.
Blake-Turner ensured that the shareholders were assisted in every step of the transaction whilst aiming to achieve a timely conclusion. Blake-Turner have years of experience in working in both share and asset sale and purchases. If you are considering buying or selling a company then please contact Paul Cooper.