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Buying, selling or restructuring your business

Regardless of size, successful businesses are dynamic: they change constantly in anticipation of changes in market conditions and client expectations.

This often results in a need to restructure, acquire other firms or dispose of non-core or underperforming units. 

Clients come to us with a wide variety of transactions including:

  • Changes to ownership structure
  • Expansion by way of acquisition
  • Mergers
  • Divesting business units or key assets
  • Management buy-outs
  • Business sales by owners.

Irrespective of the nature of the transaction, it is essential that the deal is structured appropriately and that all relevant legal, tax and administrative issues are addressed.  We will therefore often work alongside accountants and other advisers to ensure that a given deal is tax efficient and that issues such as employee rights are considered.

Our specialist corporate lawyers have worked on deals of all sizes, advising on every aspect of buying, selling or reorganising the client’s business.  Most of our clients have an entrepreneurial mind-set, preferring to work with a highly responsive, partner led legal team. 

Our approach is commercial, practical and no-nonsense, with strong attention to detail throughout. We ensure that the transactional documents we draft accurately reflect the agreements made verbally between the parties and that all parties understand fully the obligations being entered into.

We have experience of acting for both buyers and sellers, providing strategic, commercially focussed advice for either party.  We pride ourselves on our strong track record of bringing transactions to a successful conclusion, on time and within budget.

Where tax issues may arise we collaborate with specialists such as accountants and tax advisers to ensure that your interests are protected and that you are able to maximise flexibility in taking opportunities.  Where relevant we collaborate with colleagues in our Employment team to ensure that employee rights are considered appropriately.


Examples of our work:

We helped our clients, the co-owners of a local clothing design and manufacturing businesses, to dispose of their majority shareholding through a management buyout to the remaining management team. The transaction involved a significant element of cash consideration as well as a secured loan. We advised on the transaction approach, drafted transaction documents and advised on the bank financing required for the purchase.

We helped our client, a local storage business, to complete the acquisition of one of its London competitors, a company with a significant property asset. This was a strategically important transaction that allowed the company to achieve its rapid growth targets. The deal was conditional on receiving planning permission for the acquired asset, so required Longmores corporate and commercial solicitors to work closely together.

We helped our client, a holding company, to acquire a 90% interest in a local construction company. During the negotiation it was important for our client to put in place an earn-out provision so that the company shareholders of the acquired business were incentivised to increase sales and improve business performance over the medium to long-term.

We helped our client, the directors of a motorcycle parts manufacturer, to successfully sell its business to a customer in India. Longmores advised on the best way of structuring the transaction to protect the seller’s interests and make the sale as tax efficient as possible.

 

Related Services:

Company formation Partnership and LLP agreements  Commercial contracts  Shareholder agreements  

Employee share option schemes  Intellectual property

Rina Sond

Partner and Head of Company Commercial

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Rina is an outstanding lawyer with the ability to calmly guide the client through difficult and stressful legal situations with proven results. I have engaged the professional services of Rina on a number of occasions as a business owner, and Rina and her team have always delivered, providing an excellent service. She is tactfully astute and a great communicator, and she has an outstanding ability to understand the technicalities of issues and communicates in a clear and precise manner
  • Senior Executive, global technology logistics
  • About: Rina Sond
Rina has been extremely helpful in advising our company on key commercial contracts with both clients and partners. Her knowledge and expertise have enabled us to clearly understand the risks and benefits attached to the contractual agreements we are entering into. Her excellent professional manner has meant that she has been able to engage directly with our clients and their lawyers as an extension to our organisation. We would highly recommend Rina in all aspects related to commercial contracts
  • Director, software technology
  • About: Rina Sond
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