We assisted a long-standing 6th generation family business in the share sales of two shareholders followed by their resignation as directors on completion. We also advised the remaining two shareholders with respect to their share buy back transactions which meant that the acquiring business owned the entire issued share capital of the company.
The consideration for the deal was split in two parts – an initial payment on completion with the balance payable on the anniversary of the completion date. The work demonstrates our growing expertise in dealing with family companies.
The transaction team at Thomson Snell & Passmore was lead by Corporate Partner, Joanne Gallagher assisted by Corporate Associate, Faye Cook.
If you would like further information in relation to Funding and Corporate Restructuring please contact Partner and Head of Corporate & Commercial, Joanne Gallagher.