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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

  • Related Services

    Commercial

    We draw on our extensive legal, commercial and industry expertise when working with you to achieve your strategic objectives.

    Corporate

    Our award winning team of corporate lawyers provide highly practical advice to help businesses of all sizes develop and grow.    

    Corporate transactions

    Our advice is practical, straightforward and commercial. The breadth of experience ensures the team can advise all companies irrespective of size. We have specific expertise on small business sales and purchases where the property is the main asset.

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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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General Private Client UpdatesGeneral Commercial UpdatesConstruction UpdatesCourt of Protection UpdatesAgriculture & Rural Affairs UpdatesCommercial Property UpdatesEmployment UpdatesDispute Resolution UpdatesCorporate & Commercial UpdatesCharities & Not for Profit UpdatesFood & Drink UpdatesEducation UpdatesTransport & Logistics UpdatesFamily Business & Owner Managed Businesses Updates

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Jargon Buster