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  • Overview

    Thomson Snell & Passmore acted for the shareholders of a longstanding client of the firm, Hitec (Laboratories) Limited, a company which specialises in risk solution applications and information management, in the sale of the entire share capital of their company to Mitratech Inc.

    Nick Gabay, a Partner in the Corporate & Commercial Team, led on the transaction. Our clients included the three founding shareholders, a number of employee shareholders and a number of trustees of pension schemes and settlement trusts.

    The deal involved a large upfront payment, a retention placed into escrow against specific identified risks and a completion accounts adjustment based on debt and working capital.

    Nick was assisted in the transaction by Ben Stepney, a Senior Associate in the Employment Team.
    To read more about the transaction, please follow the link: https://www.insidermedia.com/insider/southeast/mitratech-swoops-for-hitec-laboratories

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    Buying or selling a business is an important decision whether it is realising value or taking your business to the next level.

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I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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