Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States has advised a two site children’s nursery on a management buy out (MBO).Dyke Yaxley was instructed by their client to review exit options for the owner of a two-site children's nursery, for retirement purposes. To begin with, Dyke Yaxley tested appetite within the market which did attract interest, however, did not materialise to any suitable offers for the business.
The secondary option was to explore an MBO. The Dyke Yaxley Corporate Finance team, led by Mark Bramall (pictured) advised on the how the client could structure the deal with nursery management.
Dyke Yaxley assisted in reviewing Heads of Terms, gathering information for the Due Diligence process, reviewed and advised the Solicitors on the Sale and Purchase agreement.
In addition to deal advice, Dyke Yaxley advised on all aspects of tax considerations around the disposal of the business for the vendors and in connection with the Sale & Purchase Agreement.
The client was very happy with the outcome of the deal and is ready to enjoy a well-earned retirement.