Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has advised a business within the Utilities sector on its sale to a larger competitor.The Dyke Yaxley team, led by Director, Andrew Young assisted their client in all negotiations with the eventual purchaser. The business had been approached in an unsolicited manner, therefore Dyke Yaxley was quick to advise their client on appropriate first steps.
Dyke Yaxley assisted in reviewing Heads of Terms, gathered information for the Due Diligence process, reviewed and advised the Solicitors, Hatchers Solicitors, on the Sale and Purchase agreement. The Dyke Yaxley team prepared and updated all financial criteria re the deal.
In addition to advising the vendors through negotiations with the buyer, Dyke Yaxley also advised on all aspects of the tax considerations around the disposal of the business for the vendors and in connection with the Sale & Purchase Agreement.
The result was a successful completion of the deal and a very happy client who is now ready to retire.